Dateline: 19/07/1999
NEW YORK, June 17, 1999 -- Zurich U.S., a leading commercial property and casualty insurer, today announced that Brent Bannerman has been promoted to Regional Manager of the Northeast and Mid-Atlantic regions for the Accident & Health Special Risks division of Zurich U.S. Specialties. Based in New York, Bannerman will be responsible for sales, underwriting and business development for the area.
"Brent brings over ten years of experience to his new position," says Stephen Mueller, vice president, Sales and Field Operations for A & H Special Risks at Zurich U.S. Specialties. "He successfully established our presence in the accident & health market in Boston and will be instrumental in expanding our business in the Northeast and Mid-Atlantic states."
Bannerman joined Zurich in 1996 as Territorial Manager of New England, where he opened and managed an office for the Accident & Health Special Risks division. His previous sales experience includes positions with UNUM Canada and Commercial Life.
The Accident & Health Special Risks division provides insurance solutions developed to address the needs of customers, encompassing employee benefits managers, human resource professionals, and risk managers. The division offers accident, disability including integrated disability, and specialty health products including medical stop loss and managed transplant for self-insured groups.
Zurich U.S. is a leading commercial property and casualty insurance company serving the multinational, middle market, and small business sectors in the U.S. Zurich U.S. is a member of the Zurich Financial Services Group, a global leader in the financial services industry.
Providing its customers with solutions in the area of financial protection and asset accumulation, the Zurich Financial Services Group concentrates its activities in four core businesses: non-life and life insurance, reinsurance, and asset management. Headquartered in Zurich, Switzerland, the Group’s worldwide presence builds on strong
positions in its three home markets -- the United States, the United Kingdom, and Switzerland. It has offices in more than 60 countries reaching over 33 million customers and employing 68,000 employees.
Based on consolidated figures for 1998, the Group achieved gross premiums of USD 45 billion. This amount includes insurance deposits as well as premiums from the Farmers Exchanges. The net income before one-time merger and other restructuring costs amounted to USD 2.8 billion. On December 31, 1998, the Group had USD 415 billion of assets under management of which USD 242 billion represent funds managed for third-party institutional and retail customers.
Media contacts:
Patricia Schnably
Vice President, Corporate Marketing Communications
Zurich U.S.
(410) 338-2755 or pat.schnably@zurichna.com
Joanne Lessner
Miller DeMartine Group
(212) 222-7436 or jlessner@mdgpr.com
