(The following press release from Zurich Insurance Group AG was received
by e-mail and was reformatted. The sender verified the statement.)
FOR IMMEDIATE RELEASE
Tom Fioretti appointed Chief Risk Engineering Officer, Zurich in North America
Schaumburg, Ill., January 8, 2013 – Zurich in North America announced today
that Thomas Fioretti will become Chief Risk Engineering Officer for Zurich in
North America, effective January 16, 2013. In this role, Fioretti will be
responsible for the ongoing development and delivery of Risk Engineering's risk
management and loss prevention services to customers of Zurich’s Global
Corporate and North America Commercial business divisions.
“Tom's wealth of expertise and market-facing experience, in addition to his
proven leadership skills, make him an ideal candidate for this important role,”
said Dan Riordan, CEO of Global Corporate in North America. “Risk Engineering
is a key element of our value proposition, and we're confident that under Tom's
leadership the team will further strengthen Zurich's reputation in the
Fioretti joined Zurich in 2008 as Senior Vice President of Operational
Transformation for North America Commercial, leading a team of 950 Operations
and Premium Audit professionals. In 2010, he became Senior Vice President of
Commercial Markets, creating the go-to-market strategy for companies with
revenues between $5-25 million.
Prior to joining Zurich, Fioretti had a 20 year career with AIG beginning in
1988. He co-founded AIG Small Business in 2001 before serving as its Chief
Operating Officer, leading the unit's underwriting, operations and distribution
functions. He was a constant presence in the marketplace and integral to the
formation and implementation of AIG Small Business’ select broker strategy.
Following some time as Vice President of AIG's Global Reinsurance Group, he
returned to AIG Small Business to serve as Executive Vice President, with a
primary focus on Distribution, Field Operations and eCommerce.
Fioretti will be based in New York and report to Riordan and Robert Gremli,
Global Chief Risk Engineering Officer for Zurich’s General Insurance segment.
Zurich Insurance Group (Zurich) is a leading multi-line insurance provider with
a global network of subsidiaries and offices in Europe, North America, Latin
America, Asia-Pacific and the Middle East as well as other markets. It offers a
wide range of general insurance and life insurance products and services for
individuals, small businesses, mid-sized and large companies as well as
multinational corporations. Zurich employs about 60,000 people serving
customers in more than 170 countries. The Group, formerly known as Zurich
Financial Services Group, is headquartered in Zurich, Switzerland, where it was
founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is
listed on the SIX Swiss Exchange and has a level I American Depositary Receipt
program which is traded over-the-counter on OTCQX. Further information about
Zurich is available at www.zurich.com.
In North America, Zurich is a leading commercial property-casualty insurance
provider serving the global corporate, large corporate, middle market,
specialties and programs sectors. Life insurance offered in the United States
is issued by Zurich American Life Insurance Company, an Illinois domestic life
insurance company. For more information about the products and services it
offers and people Zurich employs around the world, go to
http://www.zurichna.com/zna/aboutzurich/zna-home.htm. 2012 marked Zurich's 100
year anniversary of insuring America and the success of its customers,
shareholders and employees.
Media and Public Relations Director
Zurich in North America
Zurich American Insurance Company
Tower 1, Floor 11
1400 American Lane
Schaumburg, Illinois 60196
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