Zurich restructures life brand
Zurich’s chief growth officer David Etherington has stepped down as part of a restructure of the insurer’s UK life business.
An announcement by Gary Shaughnessy, chief executive of Zurich’s UK Life operation, which today (9 July) revealed a new structure for the business, said Mr Etherington would step down from his role at the end of this month but remain until the retail platform is launched
Mr Shaughnessy said: “Mr Etherington is an exceptional business leader and I’d like to take this opportunity to thank him for his passionate and innovative pursuit of success for the business during his time at Zurich.
“He has has been a key architect of our platform strategy and he is now focussed on the successful delivery of the retail platform following the well-received corporate launch earlier this year.”
Mr Etherington had been with Zurich for nine years. The role will not be replaced.
The move comes after Zurich announced its restructure last month.
Mr Shaughnessy said the business would focus on: corporate, comprising its workplace savings and corporate risk units; retail, which covers its intermediated proposition; and in-force, which incorporates pre-RDR products.
Other senior management changes resulting from this re-alignment include the introduction of a head of propositions role, given to Peter Hamilton, head of protection proposition, who will assume this role in the interim until a permanent appointment is made.
Mr Shaughnessy said: “Zurich’s UK life business is strong and profitable, and this is the next step in its evolution to ensure we continue to meet the needs of our customers and partners and build a market-leading position.”