Zurich
06 July 2017
Reporter: Becky Butcher

New chair to join Zurich board


Michel Liès is to join Zurich Insurance Group as chairman at the company’s Annual General Meeting, to be held on 4 April 2018.

Liès will succeed Tom de Swaan, who has been chair of Zurich’s board since 2013 and a member since 2006. de Swaan also chairs the governance, nominations and corporate responsibility committee.

Liès has been active in global insurance and reinsurance for almost 40 years, working in both the life and non-life segments.

Previously, he served as CEO of Swiss Re, a position he held until June 2016.

de Swaan said: “On behalf of the board, I look forward to welcoming Michel Liès to Zurich.”

He added: “This was a rigorous selection process, with high-quality candidates from across the business spectrum, which is evident in the fact that we are able to attract someone of [his] talents and experience.”

More news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
US and EU sign covered agreement
22 September 2017 | Brussels | Reporter: Becky Butcher
The US and EU have signed the bilateral covered agreement on insurance and reinsurance
Phillips 66 captives affirmed 'excellent'
22 September 2017 | Oldwick | Reporter: Becky Butcher
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit ratings of “a” of Spirit Insurance Company and Radius Insurance Company, the captive insurers for Phillips 66
R&Q completes assignment of deductible liabilities
21 September 2017 | London | Reporter: Jenna Lomax
The liabilities relate to workers’ compensation policies issued between 1988 and 2012 to a US corporate from a large US carrier
A.M. Best affirms Eni’s captive ratings
21 September 2017 | London | Reporter: Becky Butcher
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit of “a” of Eni Insurance Designated Activity Company (EID), a captive of Eni, a multinational oil and gas company based in Italy
ConocoPhillips captive ratings affirmed ‘excellent’
21 September 2017 | Oldwick | Reporter: Becky Butcher
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and long-term issued credit rating of “a” of Sooner Insurance Company (Sooner), the captive insurer of ConocoPhillips
GFSC addresses Solvency II and IAIS capital standards project
20 September 2017 | St Peter Port | Reporter: Becky Butcher
The Guernsey Financial Services Commission (GFSC) has launched a discussion paper seeking the industry’s feedback on the evolution of the island’s global and European insurance capital standards
NCCIA clarifies 831(b) memo
20 September 2017 | Charlotte | Reporter: Becky Butcher
The North Carolina Captive Insurance Association has issued a statement to clarify a memo discussing the 831(b) tax election and the impact on the state’s captive insurance industry should Congress repeal the election