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Zurich bolsters Middle East presence with new CEO

  • United Arab Emirates: Saturday, October 25 - 2008 at 11:23
  • PRESS RELEASE

Zurich International Life (ZIL) has appointed Carlos Sabugueiro to the newly created position of CEO for all its life business across the Middle East and Africa as it looks to extend its geographic footprint within these territories.

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  • CEO Carlos Sabugueiro, Zurich International Life.
    CEO Carlos Sabugueiro, Zurich International Life.

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The appointment comes at an exciting time for Zurich International Life. Sabugueiro's role has been created to support the business' expansion plans in the Middle East and will involve him relocating to Dubai after seven years in Asia where he was regional director for the Far East.

The newly-created role underlines ZIL's commitment to the Middle East and African market and highlights the significance of the regions to the group's future growth.

Sabugueiro said:
"I am delighted to take up this brand new position at such an exciting stage of ZIL's development in the region. In line with our strategy to deliver sustainable and profitable growth, I am confident we can continue to evolve as a business and meet the changing needs of the growing expatriate and local customer base in this Region."


Commenting on the appointment, Martin Davis, CEO global life emerging markets said:
"We have ambitious growth plans within each of these areas and I am confident Carlos will drive forward the strategy to help us achieve these goals. He was instrumental in building the ZIL business in Hong Kong and Singapore - enabling it to become the number one international life provider in the region. I have no doubt he will replicate similar success in the Middle East."
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Related site: http://www.zurichintlife.com

Notes and media contacts

About the company:

Zurich International Life is a business name of Zurich International Life Limited which is headquartered in the Isle of Man and is part of the Zurich Financial Services Group. ZIL provides both individual and corporate customers with real financial solutions to their international protection, life insurance and investment needs.

Zurich Financial Services Group is 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, Middle East, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 employees serving customers in 170 countries.

For further information please contact:

Emma Wylie
Media Relations Management
Tel: 020 3008 5223
Husam Odiabat Posted by Husam Odiabat
Saturday, October 25 - 2008 at 11:23 UAE local time (GMT+4)

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