Zurich Insurance names head of single-parent and sponsored-cell captive unit
Schaumburg, IL, July 25, 2017
Todd Cunningham has been named to head the Single-Parent and Sponsored-Cell Captives unit for Zurich North America.
As part of its single-parent captive solutions, Zurich offers a range of fronting, reinsurance, claims, risk-engineering and loss-analysis services for single-parent captives and a multinational reach that can help align captive programs with local insurance regulations.
The Zurich sponsored-cell captive can provide customers with a risk management approach that many midsize and even larger corporations may not have pursued due to the belief that the complexity and costs of program implementation and administration would be prohibitive.
“Zurich has long been a leader in this area, and I look forward to making sure we continue to provide valuable captive services for our customers,” Cunningham said.
Cunningham will continue to lead Zurich’s Strategic Risk Solutions Group, which specializes in integrated and structured products with multi-year features and offers a wide variety of innovative solutions for commercial customers.
Cunningham has been responsible for underwriting and business development of customized insurance solutions for Zurich customers since 2005. He specializes in developing non-traditional programs covering diverse risks and designing programs that can incorporate these risks on a cost-effective basis.
Before joining Zurich, Cunningham was a vice president at AIG Risk Finance, specializing in alternative risk transfer programs. Prior to that, he worked in the environmental practices for Chubb and AIG in various management and underwriting roles.
Cunningham earned a bachelor's degree in environmental science from Lehigh University and a master of business degree from the Stern School at New York University.
He is based in Zurich’s New York City office.
Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 54,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 210 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.
In North America, Zurich is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, specialties and programs sectors through the individual member companies of Zurich in North America, including Zurich American Insurance Company. Life insurance and disability coverage issued in the United States in all states except New York is issued by Zurich American Life Insurance Company, an Illinois domestic life insurance company. In New York, life insurance and disability coverage is issued by Zurich American Life Insurance Company of New York, a New York domestic life insurance company. For more information about the products and services it offers and people Zurich employs around the world go to www.zurichna.com. 2012 marked Zurich's 100-year anniversary of insuring America and the success of its customers, shareholders and employees.