ZAN is the forerunner of the directly authorised multi-tie retail distribution company Zurich intends to launch in the UK, to be operational in 2005. This appointment as well as the launch of the company are subject to regulatory approval.
The intention to create a separate distribution company was announced on April 2 2004. It is based on a model for the life business, which entails the separation of the manufacturing and distribution functions in the UK.
Paul van de Geijn, CEO of Zurich's Life Insurance segment, says: “Stephen's appointment underpins our commitment to make the new distribution company a reality. I am delighted that he will be leading the way in our ambition to make this business the pre-eminent distribution company in the UK after its planned launch in 2005.”
Leaman is joining Zurich from an independent management dervices company, where he was president and chief executive officer. Between 1997 and 2003, Leaman held several management positions within the Zurich groups in the US, where his last position was as executive vice-president, farmers property and casualty operations.