Insurance News
Zurich announces new head of surety in the US
Appointee to draw on over two decades of industry experience
Insurance News
By
Grant Funtila
Insurance company Zurich North America announced the promotion of Chris Nolan. Nolan was previously the head of large contract surety before getting promoted to head of surety in US national accounts, effective immediately. He will succeed Bob Murray, who retired in June.
Nolan previously led a team that provides bonds to contractors performing public work projects and construction projects. In his new role, Nolan will now oversee both contract and commercial surety, both of which provide account-based and transactional surety bonds for Zurich customers across different industries.
“Chris has earned this promotion through nearly 25 years in surety, including two successful years leading our Large Contract Surety business,” said Paul Lavelle, head of US National Accounts at Zurich North America. “He will draw on broad knowledge and experience in both contract and commercial surety as he now takes on responsibility for the overall direction, management, and performance of our longstanding Surety business.”
Prior to joining Zurich in 2022, Nolan started his career as an underwriting trainee at Chubb, where he was promoted to senior underwriting officer. Nolan holds an MBA in accounting from Seton Hall University and a bachelor’s degree in political science from Rutgers University. He also served as chief risk officer and head of commercial surety at Berkley Surety.
Since 1890, Zurich’s surety bonds and the companies it acquired helped provide financial guarantees, leading to the building of landmarks like the Hoover Dam.
Recently, the company also appointed James Bracken as the new CFO last June, as well as Al Crook as the new chief human resources officer (CHRO) last July.
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Publish date : 2024-08-12 22:54:00
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