Zurich Insurance Group has announced that Kathleen Savio will serve as the Zurich North America's next CEO, effective January 1, 2018.
She succeeds Mike Foley, who is retiring after a decade as Zurich North America's CEO.
Savio currently serves as president of North America's alternative markets unit, which she has maintained since 2012. Over the past year, Savio has also overseen the integration of Rural Community Insurance Services, one of the largest crop insurance providers in the U.S.
She has held a series of positions since she joined Zurich in 1991, including vice president corporate and marketing communications and vice president of strategic initiatives.
Transition
Savio (pictured at right) will join Zurich's executive committee October 1, 2017, as Zurich North America CEO-Designate, and will work closely with Foley during the transition.
“Mike transformed our U.S. businesses through a series of underwriting, operational and technology initiatives, and leaves behind a proud legacy of accomplishment,” said Group CEO Mario Greco, adding, “Kathleen is precisely the type of new-thinking people-focused business leader we need to lead our North America operations in this next phase. She understands what it takes to grow a successful insurance business, has direct experience with various business models, and drives and unrelenting performance culture among her teams.”
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