Zurich Insurance Group (Zurich) announced the following changes to its Group Executive Committee. Cecilia Reyes, currently Chief Investment Officer and Regional Chairman of Asia Pacific, to become Chief Risk Officer effective July 1, 2015, succeeding Axel P. Lehmann. Urban Angehrn, currently Head of Alternative Investments, to become Chief Investment Officer effective July 1, 2015.

After almost 20 years of highly successful work at Zurich, nearly 14 of which were as a member of the Group Executive Committee, Axel P. Lehmann, Chief Risk Officer and Regional Chairman of Europe, Middle East and Africa, has decided to pursue new opportunities outside of Zurich. He will leave the company by the end of this year. Cecilia Reyes, currently Chief Investment Officer and Regional Chairman of Asia Pacific, will assume the role of Chief Risk Officer effective July 1, 2015.

She has been Chief Investment Officer and a member of the Group Executive Committee since 2010. In April 2015, Cecilia Reyes assumed additional responsibility as Regional Chairman of Asia Pacific, a role that she will keep. Axel Lehmann will remain Regional Chairman of Europe, Middle East and Africa, Chairman of the Board of Directors of Farmers Group Inc. and of Zurich Insurance plc (Ireland), until a successor for each of these roles has been appointed.

Urban Angehrn (50, Swiss citizen), currently Head of Alternative Investments, will succeed Cecilia Reyes as Chief Investment Officer and has been appointed a member of the Group Executive Committee effective July 1, 2015. He joined Zurich in 2007 as Regional Investment Manager for Europe. Before he was appointed to his current role, he was Head of Strategy Implementation in Investment Management from 2010 until 2012.