Zurich Financial Services Australia has appointed Tim Bailey as the new chief executive, while Mr Morgan has been promoted to CEO, global life for the Asia Pacific region.
Mr Bailey will relocate to Australia from Switzerland in January 2015, where he currently holds the position of chief risk officer at the company’s global headquarters in Zurich.
“Since joining Zurich in 2009, Colin and his leadership team have done an exceptional job in executing Zurich’s Global Life strategy in Australia,” said Zurich Financial Services Australia chairman Terry Paradine.
“Tim’s strong strategic background and leadership skills see him well equipped to build on the strong platform of growth and profitability existing within the Australian life and investments business.”
