Zurich names executive lineup for new business

Zurich has named the executive team that will run its combined Australian life and investments business when its OnePath acquisition completes in early 2019.

Long-time Zurich executive Tim Bailey will be the combined business' chief executive officer.

He has led Zurich's Australian life and investments division since 2015. Zurich's acquisitions of Macquarie life and OnePath happened under his watch.

OnePath sales lead Don Sillar is leaving the company after eight years to pursue other opportunities but will stay on as the head of sales during the transition.

ANZ managing director insurance Gavin Pearce will act as Zurich's chief operating officer for life and investments.

Also from ANZ, Linda Griffin will join the Zurich team as head of customer and corporate affairs.

ANZ's head of wealth solutions and partnerships Kieran Forde will oversee the strategic partnership with ANZ as the head of bannassurance and direct.

From Zurich's side, current chief distribution officer Kristine Brooks will lead the distribution and marketing teams across the expanded business.

In March, Zurich announced it would retain OnePath's brand and identity.

To this end, it today announced that the two brands' head of propositions - Gerard Kerr (One Path) and Tim Howell (Zurich) will drive their market offerings separately.

Zurich's APAC chief executive Jack Howell, said the announcement was another major milestone on Zurich's journey to become Australia's leading retail life insurer.

"Our acquisition of the OnePath Life business reflects both our commitment to the Australian life insurance market and our belief in the underlying quality of the business the ANZ and OnePath team has built," Howell said.

"This transaction brings together two highly successful businesses, each with a strong brand heritage and loyal customers. The senior leaders of both businesses are amongst the most talented and respected in the industry."

Bailey said that the new combined team leveraged the depth of experience across both the Zurich and OnePath businesses.

"The balance of the team also sends a powerful signal about our intention and capability to execute our dual proposition strategy," Bailey said.

"We will continue to invest extensively in both the Zurich and OnePath brands and propositions, ensuring both advisers and customers can benefit from genuine choice and a superior customer experience."

Read more: ZurichANZAustraliaOnePath LifeTim BaileyTim HowellAPACDon SillarGavin PearceGerard KerrJack HowellKieran FordeKristine BrooksLinda GriffinMacquarie
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