1 September 2017Analysis

Zurich group chief risk officer to retire as successor is named

Zurich Insurance Group has appointed Alison Martin as group chief risk officer, effective January 2018.

Martin will join Zurich's executive committee on October 1, 2017 as group chief risk officer-designate.

She succeeds Cecilia Reyes, who will work closely with Martin before she assumes her role in January. Reyes is expected to retire in the first quarter of 2018.

Martin joins from Swiss Re, where she served as head of life and health business management. Prior to this she held a number of senior management positions during her 14 years at Swiss Re.

“Alison represents an impressive blend of business results orientation, financial expertise and people skills," said group CEO Mario Greco. "She’s demonstrated that she can grow businesses based on a deep understanding of market dynamics, risk balancing and capital management, and is precisely the type of high-energy executive we were seeking to build on Cecilia’s accomplishments. I look forward to welcoming her to our executive committee.

“In her over 16 years with Zurich, Cecilia has made a significant contribution in senior risk, finance and investment roles. In her current position she has successfully managed risks across the group and, by doing so, has created real opportunities for Zurich to flourish. On behalf of the Board, the Executive Committee and all Zurich employees, I applaud Cecilia for the positive impact she has made on Zurich, and thank her for her commitment to ensuring a smooth transition.”