Zurich has appointed Timothy Powell as global head of financial lines and cyber, a newly created role that combines lines of business and “simplifies” the group’s offering.
Powell takes up his position on 24 May and will report to Ralph Brand, global head of casualty, financial lines and cyber.
He joins Zurich from AXA XL, where he most recently served as chief underwriting officer for international financial lines. He will be based in Switzerland.
Throughout his career, he has worked with brokers and teams of underwriters in Australia, Asia, the UK and continental Europe.
In his new role, Powell will be working closely with Zurich’s country offices and provide product expertise and counsel to optimise underwriting performance 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 and acquisition, financial institutions, employers liability and cyber insurance.
Ralph Brand, global head of casualty, financial lines and cyber at Zurich, said: “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.”