World Insurance Report
Zurich launches new commercial lines unit
North America
Zurich North America is to create a new commercial lines unit which, it says, will address the needs of companies that fall
between the traditional small commercial and middle markets business segments. Mike Foley, chief executive of Zurich North
America Commercial, explains that these customers either require a broader range of products and services or have risk characteristics
that are not fully served through the ‘fast flow’ underwriting model in which they are frequently placed. These customers,
he said, could be better served through an improved operating model. Zurich has appointed Vincent C. Tizzio as president of
this new unit. Mr Tizzio previously served as president of
AIG’s small business division.