ZURICH N.A. NAMES TOM FIORETTI CHIEF RISK ENGINEERING OFFICER
(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 marketplace.”
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.
About Zurich 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.
Steve McKay Media and Public Relations Director Zurich in North America Zurich American Insurance Company Tower 1, Floor 11 1400 American Lane Schaumburg, Illinois 60196 Email: email@example.com Office: 847-706-2265 Cell: 847-738-0620