(Bloomberg) -- Zurich Insurance Group AG named Kristof Terryn chief executive officer of its general insurance unit, replacing Mike Kerner, who is stepping down for personal reasons.
Terryn, who has been CEO of the insurer’s global life unit since August 2013, will take over from Kerner in October, the company said on Friday. He will lead both units until a replacement for the post of global life CEO is found.
Zurich is in the midst of analyzing RSA Insurance Group Plc’s books after it said last month it may take over the British insurer for 5.6 billion pounds ($8.5 billion). The acquisition would be Zurich’s biggest since 2000, posing a fresh challenge for the management team around CEO Martin Senn.
“These changes will not affect the ongoing evaluation of RSA,” said Frank Keidel, a spokesman forZurich.
