Zurich North America appoints Chief Risk Officer | Insurance business America
Exec is “the ideal person to lead the North American risk function”
Zurich North America has announced the appointment of Ann Chai (pictured above) as Chief Risk Officer.
Chai, former head of U.S. middle market finance at Zurich, succeeds Colleen Zitt, who was named vice president of end-to-end process controls for Zurich North America’s finance team.
Chaiu will be based at Zurich North America’s headquarters in Schaumburg, Illinois. She will report to Peter Giger, head of risk at the Zurich Group.
In her new role, Chai will be responsible for leading the company’s risk function, including:
- Ensuring group-wide governance and risk management responsibilities are met
- Develop and implement risk policies and monitor compliance
- Sponsoring projects and programs that support the implementation of global initiatives
- Responsible for meeting North American regulatory requirements
As Chief Risk Officer, Chai will join Zurich’s global leadership team, the Risk Management Executive Committee and the Zurich North America Executive Committee.
“With more than 20 years of experience in finance and insurance and her proven leadership in the U.S. middle market, Ann is the ideal choice to lead the North American risk function as we work to achieve our mission of a disciplined risk culture across Zurich “To anchor the organization,” said Giger.
Prior to her previous role in the US middle market, Chai was vice president and actuary for Zurich North America’s finance and actuarial team. She joined the company in 2010.
Chai is a member of the Casualty Actuarial Society and a board member of Abacus Actuaries.
Last month, Zurich Insurance Group announced the appointment of Claudia Cordioli as chief financial officer, effective in March. In November, the company announced the appointment of Cara Morton as CEO of Zurich Global Ventures, effective in February.
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