Ex-Converium CEO will become head of organisational transformation management and mergers & acquisitions

Zurich Financial Services has announced that Inga Beale will join the company as head of organisational transformation management and mergers & acquisitions as of 1 January 2008.

In her new position, Beale will be a member of the group management board and will oversee the group’s operational improvement program The Zurich Way.

Beale succeeds Franz Wipfli, who after more than 25 years service to Zurich has elected early retirement.

In her new role, Beale will also oversee the group’s mergers & acquisitions function.

Beale brings to Zurich over 20 years of broad based professional experience in the insurance industry, including having served as chief executive officer (CEO) of Swiss-based reinsurer Converium, as well as 14 years in successive leadership posts within the insurance and reinsurance operations of General Electric.

“At a time when the insurance industry is going through the challenges of a profound operational transformation, we are excited that someone of Inga’s proven abilities is joining Zurich”, remarked James Schiro, Zurich’s CEO. “I am confident that she will successfully build on the remarkable success achieved by Franz.”