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Zurich North America has introduced the appointment of Ann Chai (pictured above) as chief threat officer.

Chai, previously head of finance for US center market at Zurich, succeeds Colleen Zitt, who has been named vp of end-to-end course of controls for Zurich North America’s finance crew.

Chaiu might be based mostly in Zurich North America’s headquarters in Schaumburg, Sick. She’s going to report back to Peter Giger, Zurich group head of threat.

In her new function, Chai might be liable for main the corporate’s threat operate, together with:

• Guaranteeing group-wide governance and threat administration tasks are met
• Growing and implementing threat insurance policies and monitoring adherence
• Sponsoring initiatives and applications that help the supply of worldwide initiatives
• Accountability for assembly North American regulatory necessities

As chief threat officer, Chai might be a member of Zurich’s international management crew, the Threat Administration Government Committee and Zurich North America’s Government Committee.

“With greater than 20 years of economic and actuarial expertise, and her confirmed management in US center market, Ann is the perfect particular person to steer the North America threat operate as we work to attain our mission to embed a disciplined threat tradition throughout the Zurich group,” Giger mentioned.

Previous to her earlier function with US center market, Chai served as vp and actuary for Zurich North America’s finance and actuarial crew. She joined the corporate in 2010.

Chai is a fellow of the Casualty Actuarial Society and a board member for Abacus Actuaries.

Final month, Zurich Insurance coverage Group introduced the appointment of Claudia Cordioli as chief monetary officer, efficient in March. In November, the corporate introduced the appointment of Cara Morton as CEO of Zurich World Ventures, efficient in February.

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