Tim Bailey, the CEO of Zurich’s local Life and Investments division, has been named CEO of Zurich Australia.

General Insurance CEO Raj Nanra will continue to report directly to Hong Kong-based Asia-Pacific CEO Stuart Spencer.

The changes were announced on Friday by new Zurich Group CEO Mario Greco.

Mr Greco announced last month that the group’s general and life insurance operations globally would be brought under one leadership team. 

Mr Bailey took up the life and investments role in Sydney at the start of last year.

Since joining Zurich in the UK from Axa in 2008, he has been appointed to a number of high-level international roles, including chief risk officer for Zurich’s Global Life business. He has been a member of the global life and group risk management teams, as well as three Zurich statutory boards and the group’s corporate responsibility working group. 

He has also been head of global life strategy and strategy and planning director for UK Life.

More information in our regular bulletin this afternoon.