2009-01-12 20:45:01 -

Zurich, a leading property and casualty insurance provider in North America and globally, today announced Ty R. Sagalow is joining the North America Commercial Marketing unit as executive vice president and chief innovation officer.


In his new position, Sagalow will oversee all of North America Commercial's strategic product development initiatives in the United States and Canada, and will

have responsibility for the business division's Proposition Development and Marketing Research departments. Sagalow will be based in New York and will report to John Parker, chief marketing officer for North America Commercial.


Sagalow brings more than 25 years of property-casualty industry experience to Zurich, having most recently served as President of AIG Product Development in New York. While at AIG, Sagalow oversaw the development of numerous new insurance products, including directors & officers liability policies, cyber-risk insurance, identity theft and various management and professional liability products. Prior to his product development role, Sagalow was Chief Operating Officer of AIG eBusiness Risk Solutions and was Chief Underwriting Officer and General Counsel of National Union Fire Insurance Company of Pittsburgh, Pa.


Sagalow is a frequent speaker at industry conferences and is an author of numerous articles on complex and emerging risks including "D&O Insurance: A Director's Guide" (National Association of Corporate Directors) and "@Risk: The Definitive Guide to eCommerce Risk and Insurance" (Reactions Publishing Group, Inc.).


"Ty's proven track record of bringing innovative insurance solutions to market quickly and efficiently fits perfectly with Zurich's commitment to meeting the evolving needs of our customer base," said Parker.


Sagalow graduated from Long Island University. He received a Juris Doctor from Georgetown University Law Center and a Master's of Law from the New York University School of Law. He is the chairman of the Internet Security Alliance and sits on the Board of Directors for the Financial Services Information Sharing and Analysis Center.


About Zurich


Zurich's North America Commercial and Global Corporate in North America business divisions are part of Zurich Financial Services Group (Zurich), an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries. In North America, Zurich (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, specialties and programs sectors.








Media contact:

Steve McKay

Zurich

(847) 706-2265

steven.mckay@zurichna.com