Zurich Announces CEO Appointments within its Life business

Zurich Financial Services Australia (Zurich) today announced the appointment of Mr. Colin Morgan to the role of Chief Executive Officer, Global Life, for the Asia Pacific region.

In this role, Mr. Morgan, currently CEO of Zurich’s Australian Life and Investments business, will assume responsibility for delivering Zurich’s Global Life strategic priorities and initiatives in the Asia Pacific region, including Australia.

Zurich Financial Services Australia Chairman Mr. Terry Paradine thanked Mr. Morgan for his leadership and vision in successfully repositioning the Australian Life and Investments business.

”Since joining Zurich in 2009, Colin and his leadership team have done an exceptional job in executing Zurich’s Global Life strategy in Australia.

“Over that time he has overseen a period of extraordinary growth in revenues, customer satisfaction and profitability.

“As Regional CEO, Colin will retain strong oversight of the Australian life and investments business, which has grown to become one of the key drivers of revenue within Asia Pacific,” said Mr. Paradine.

Mr. Morgan will take up his new role on 1 January 2015, and will be based in Hong Kong.

Replacing Mr. Morgan as CEO, Life and Investments Australia, will be Mr. Tim Bailey, currently Chief Risk Officer (CRO) for Zurich’s Global Life business.

Mr. Bailey has extensive experience in the Zurich Group, built in the areas of Strategy, Risk Management and Finance. As CRO Global Life, he has significantly enhanced the capabilities of Zurich’s Risk teams across Global Life, strengthening their commercial focus and impact into the business.   Prior to this, Mr. Bailey was Head of Strategy for Global Life.

In welcoming Mr. Bailey to the Australian team, Mr. Paradine said “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”.

Mr. Bailey will relocate to Australia from his current base in Zurich and will report through to Mr. Morgan. His appointment takes effect from 1 January 2015.


For further information contact:

Richard Dunkerley
Head of Marketing and Communications, Life & Investments
Zurich Financial Services Australia
Mobile: +61 (0) 401 105 714

Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 55,000 employees, it provides a wide range of general insurance and life insurance products and services. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.