Zurich is to restructure its UK life business and will divide the company into three core divisions, retail, corporate, and its pre-retail distribution review business.
The changes will go live from 31 July and will result in series of management shake-ups with Gary Shaughnessy, who left Fidelity International earlier this year to become CEO of Zurich UK Life, taking on the role of interim head of retail until a permanent successor is appointed.
The current head of Zurich corporate savings Simon Foster, becomes head of corporate and existing head of in-force management
Alastair Beveridge will become head of in-force and chief executive of Zurich UK Life.
At the same time Zurich announced that chief growth officer David Etherington is to leave the company at the end of July.
Zurich announced in May this year that around 90 jobs had to go in its UK business.
