Sierra Signorelli was named as CEO Commercial Insurance of Zurich

4 March 2021 — Alexandra GUZUN
Zurich Insurance Group (Zurich) has appointed Sierra Signorelli to the role of Chief Executive Officer for Commercial Insurance and as a member of the Executive Committee with immediate effect. The new appointment to the Executive Committee is subject to regulatory approval.

Sierra Signorelli is currently Group Chief Underwriting Officer and joined Zurich in July 2017. She has long experience in the insurance industry having held senior leadership positions in the United States, Asia and Switzerland. She successfully transformed the underwriting function, strengthened its resilience, and ensured delivery of differentiated services and solutions to our customers.

Mario Greco, Group Chief Executive Officer, said: "Sierra has extensive experience and knowledge of the insurance industry and is a proven and passionate people leader. Her broad skillset, her deep understanding of our business and culture, and her strong customer focus make Sierra the perfect fit for this role. I am confident Sierra will continue to successfully advance our commercial insurance capabilities and ensure the continued success of the business."

Sierra Signorelli will succeed James Shea which will leave Zurich to pursue opportunities outside the company. Ms. Signorelli's successor will be announced in due course.

Mr. Shea joined Zurich in September 2016 when the Group combined its Corporate and Commercial businesses into a single global business unit. Under his leadership, Zurich has regained its position as an industry leading commercial insurer through a focus on underwriting discipline, while investing in skills, tools and capabilities to ensure success through the insurance cycles.

Mr. Greco added: "I want to thank Jim for his dedication to Zurich and excellent contributions to our business. He has repositioned Commercial Insurance to achieve sustained profitability and to meet our large corporate customers' evolving and complex needs. I wish Jim all the success for his future endeavors."

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