Zurich North America CEO Foley Retiring; Kathleen Savio Named as Successor

Mike Foley, who has served as chief executive officer of Zurich North America since 2008, has announced his retirement. Foley will be succeeded as CEO by Kathleen Savio, who is now president of Zurich North America’s alternative markets unit, Zurich Insurance Group announced on Wednesday. The change will take effect on Jan. 1. Foley joined Zurich in 2006 as Zurich North America’s chief operating officer. Foley improved technology and performance management processes for the unit, launched predictive analytics and streamlined operations. Many of the initiatives were adopted in...