Zurich UK has appointed Tim Bailey as its new CEO, subject to board and regulatory approvals.
Bailey, who was previously Zurich’s chief operating officer for EMEA, has over 20 years experience in the insurance sector and has worked in several key roles across the Zurich Group, including CEO of Life and Investments (Australia) and chief risk officer and head of strategy for the global life business.
Bailey said: “”I’m delighted to be taking on the role of UK CEO from 1 January and to be re-joining the UK business, where I started my career in insurance over 20 years ago” says Bailey.
“I’ve had the pleasure of working closely with the UK team for the last year as EMEA COO and seen the tremendous progress that has been made under Tulsi’s leadership.”
Bailey’s new position was previously held by Tulsi Naidu. After four years she will now join the Zurich Group executive committee to take over as a regional CEO of the Asia Pacific region from the 1 of January 2021.
Naidu said: “I am honoured to be asked to take on the role of CEO of APAC and I’m really looking forward to this next challenge which represents a significant growth opportunity for the group”
“I couldn’t leave the UK business in safer hands. Tim has two decades of extensive global experience across the Zurich Group and I am really confident he will provide the leadership to take the business forward on the next stage of its journey.”