Zurich Insurance Group has announced the appointment of Timothy Powell to the newly created position of global head financial lines and cyber, a role that combines lines of business and simplifies the group’s offering, effective 24 May 2021.
In his new role, Powell will report to Ralph Brand, global head of casualty, financial lines and cyber. Based in Switzerland, he will work closely with Zurich’s country offices and provide product expertise and counsel to optimize underwriting performance, foster a consistent underwriting approach across regions and ensure a balanced product mix that serves the increasingly complex risks of customers.
His area of responsibility includes professional indemnity, directors and officers liability, mergers & acquisition, financial institutions, employers liability and cyber insurance.
Powell brings more than three decades of insurance experience working with brokers and teams of underwriters in Australia, Asia, the UK and continental Europe and joins the business from AXA XL, where he most recently served as chief underwriting officer for international financial lines.
Brand commented: “I am delighted to welcome Timothy to the team. His very strong underwriting background and his long experience of leading international teams make him an ideal fit for this role. I have every confidence that he will help us leverage the combined expertise and resources of financial lines and cyber to enhance underwriting services to our customers.”