Dateline: 18/12/2007
New York, N.Y., December 18, 2007 - Zurich, one of the world’s largest property-casualty insurance companies, today named Kevin McCracken as executive vice president-casualty, and Joseph Tocco as executive vice president-property for the insurer’s Global Corporate in North America unit, effective January 1, 2008. Both will now report to Paul Horgan, the unit’s newly appointed chief underwriting officer.
In announcing the appointments, Global Corporate in North America CEO Mario P. Vitale said, “As we look ahead to a new year of profitable growth opportunities, I am pleased to announce these important appointments, which will further enhance an already strong management team and successfully position Zurich to take full advantage of the opportunities that we develop.”
McCracken will be responsible for driving the unit’s profitable growth in casualty coverage, including all large casualty accounts, excess workers’ comp and international casualty business written in North America. He joined Zurich earlier this year as senior vice president-casualty, Northeast Region, and leader of the company’s excess workers’ compensation business nationally. Prior to joining Zurich, McCracken was senior vice president of ACE USA’s Mid-Atlantic region. He holds a B.S. in business administration and an MBA in finance from La Salle University, Philadelphia, Pa.
Tocco will be responsible for building profitable growth in property lines, including highly protected risks, global property, boiler & machinery, healthcare and national accounts property segments. Tocco joined Zurich from Munich Re in 1996 as vice president and national director of engineered lines, and was appointed senior vice president-Northeast Region property manager in 2001. He is a 1982 graduate of the U.S. Naval Nuclear School, Orlando, Fla., and was a member of the board of directors of the New York Board of Fire Underwriters.
About Zurich Financial Services
Zurich Financial Services Group (Zurich) is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 58,000 people serving customers in more than 170 countries. In North America, Zurich (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, small business, specialties and programs sectors.
About Zurich’s Global Corporate business division
Zurich’s Global Corporate (GC) business division offers risk management services to corporations at a national and international level, including risk transfer and risk finance solutions. With a global network of professionals in over 140 countries, GC provides companies with total risk management strategies and standards that ensure all our customers have access to the same high-quality service. GC insures many of Fortune’s Global 100 companies and is the largest corporate business insurer in Europe and the number two corporate insurer in the U.S.
Media contact:
Steve McKay
Zurich
(847) 706-2265
steven.mckay@zurichna.com
