Zurich Appoints New CEO

Mario Greco

Mario Greco

A keen cyclist who offers a combination of entrepreneurial spirit, deep industry knowledge and CEO experience has been appointed to the role of Zurich’s Chief Executive Officer effective May 1, 2016.

Mario Greco will succeed Tom de Swaan, who has held the role on an ad interim basis since Martin Senn stepped down in December 2015, according to a press release sent on Tuesday evening.

Greco has served as CEO of Generali since 2012, where he spearheaded a three-year turn around program to boost profitability and strengthen the Italian insurer’s balance sheet. Before that he worked with Zurich Insurance Group (Zurich).

Highly Successful

He joined Zurich in October 2007 as the designated CEO Global Life and a member of the Group Executive Committee and was appointed CEO Global Life in April 2008. In 2010 he was appointed CEO General Insurance, a role he held until 2012. His original appointment to Zurich followed a highly successful career in the European insurance markets, latterly as CEO of RAS (Allianz Group) in Milan.

«Mario offers the rare combination of entrepreneurial spirit, deep industry knowledge and proven CEO experience that anchored our search for Zurich’s next leader. His intimate understanding of our company and our industry and his track record as a leader make him a unique candidate for the role,» said Tom de Swaan, Chairman of Zurich’s Board of Directors and Chief Executive Officer a.i.

Working as a Consultant

Greco started his professional career in management consulting, working with McKinsey & Company’s Milan office from 1986 until 1994, becoming a partner in 1992 and partner leader in the insurance segment. In 1995, he joined RAS (Allianz Group) in Milan.

A keen cyclist, Greco holds a bachelor's degree in Economics from the University of Rome and a master's degree in International Economics and Monetary Theory from Rochester University in New York State.

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