Zurich Insurance Group named a former AXA XL executive to a newly created role that address financial lines and cyber together. Berkshire Hathaway Specialty Insurance appointed a new senior underwriter focused on Transactional Liability in Asia and the Middle East.
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Zurich Insurance Group named Timothy Powell as Global Head Financial Lines and Cyber, a newly created role that combines lines of business and simplifies the Group’s offering.
Powell starts May 24, 2021 and will report to Ralph Brand, Global Head of Casualty, Financial Lines and Cyber.
In his new role, Powell will be working closely with Zurich’s country offices and provide product expertise and counsel to optimize underwriting performance, foster a consistent underwriting approach across regions and ensure a balanced product mix that serves the increasingly complex risks of customers. His area of responsibility includes professional indemnity, directors and officers liability, mergers & acquisition, financial institutions, employers liability and cyber insurance.
Powell, a 30 year insurance industry veteran, joins Zurich from AXA XL, where he most recently served as Chief Underwriting Officer for International Financial Lines. He will be based in Switzerland. Throughout his career, he has worked with brokers and teams of underwriters in Australia, Asia, the UK and continental Europe.
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Berkshire Hathaway Specialty Insurance appointed Daniel Thieviasingham as Senior Underwriter, Transactional Liability, Asia Middle East.
In the Transactional Liability space, BHSI currently offers Representations & Warranties Insurance, Tax Insurance, Contingent Liability Insurance and Class Action Settlement Insurance globally.
Thieviasingham comes to BHSI with nearly a decade of experience spanning corporate finance, Mergers & Acquisitions (M&As) and transactional liability insurance. He was most recently at Lockton London. Before that he underwrote transactional risks at Ironshore Australia.
Sources: Zurich Insurance Group,