Cecilia Reyes is set to retire from her role as group chief risk officer at Zurich Insurance Group in Q1 next year.
Reyes has been in the role since July 2015, and has worked at Zurich since 2001.
Alison Martin will succeed Reyes, starting in January.
Martin will join Zurich’s executive committee on 1 October as group chief risk officer-designate, and will work closely with Reyes before assuming the group chief risk officer role.
Previously, Martin worked at Swiss Re as head of life and health business management.
Mario Greco, group CEO of Zurich, said: “Alison Martin represents an impressive blend of business results orientation, financial expertise and people skills. She’s demonstrated that she can grow businesses based on a deep understanding of market dynamics, risk balancing and capital management, and is precisely the type of high-energy executive we were seeking to build on Cecilia Reyes’s accomplishments. I look forward to welcoming her to our executive committee.”
Greco added: “In her over 16 years with Zurich, Cecilia Reyes has made a significant contribution in senior risk, finance and investment roles. In her current position she has successfully managed risks across the group and, by doing so, has created real opportunities for Zurich to flourish.”
