UK/IRELAND - Zurich Financial Services has appointed Geoff Riddell as chief executive of its general insurance business in the UK, Ireland and Southern Africa.
He succeeds Patrick O’Sullivan, who moves to a new role as Zurich’s group finance director, and will focus on the international finance, reinsurance and retail insurance businesses.
Riddell joined Zurich UK in 2000 to head its commercial business and soon led its corporate and government unit. Before joining the firm, he held management positions at American International Group.
Riddell will report to Sandy Leitch, CEO in the UK, Ireland, Southern Africa (UKISA) and Asia/Pacific Business Division and work closely with John Amore, CEO of Zurich North America Corporate.
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.