SCHAUMBURG, Ill.--(BUSINESS WIRE)--
Zurich North America Commercial’s Specialties business unit today named
David Hewett and Michael Bond to lead its Surety, Credit & Political
Risk group. Hewett and Bond will lead the integrated unit that develops
and markets Zurich’s portfolio of surety, credit insurance and political
risk insurance products to contractors, Fortune 2,000 businesses,
investors, international banks, multinational companies and
infrastructure developers across North America and in emerging markets
worldwide.
Hewett has been named executive vice president of Domestic Surety, and
Bond has been named executive vice president of International Surety,
Credit & Political Risk.
Hewett will be responsible for Zurich’s Contract and Commercial Surety
business in North America. He joined Zurich in 2003 and was promoted to
vice president for the Surety Core Contract group in 2006. Hewett was
named senior vice president for Contract Surety in 2008, with
responsibility for all contract surety accounts in the U.S. and Canada.
Prior to joining Zurich, Hewett was vice president with a major surety
brokerage operation and has held underwriting positions with a leading
surety company.
Hewett is a graduate of Indiana University with a B.S. degree in
Business and earned a Master’s degree in Business with an emphasis in
Finance from Johns Hopkins University in Baltimore, Md.
Bond will be responsible for management of Zurich’s Trade Credit
insurance, Political Risk insurance and International Surety business.
Bond was formerly senior vice president, International Surety, focusing
on the expansion of Zurich North America Commercial's International
Surety initiative. Bond joined Zurich in 1998 as a senior underwriter
for Trade Credit and Political Risk business in emerging markets. He has
held positions of increasing responsibility including vice president for
the group in Continental Europe. In 2005 he was named senior vice
president and chief operating officer of the group.
Prior to joining Zurich, Bond was a senior insurance officer at Overseas
Private Investment Corporation (OPIC), underwriting political risk
insurance coverage for projects in a variety of industrial sectors.
Previously, he worked as a municipal development advisor with the U.S.
Peace Corps in Honduras and as a project manager with Law Environmental
in Atlanta, Ga.
Bond holds a B.S. from Rutgers University, an M.S. from the Georgia
Institute of Technology and an M.B.A. from Loyola College.
Hewett and Bond replace Daniel Riordan, who served as head of Zurich’s
Surety, Credit & Political Risk group until earlier this year, when he
was named president of Zurich North America Commercial’s Specialties
business unit.
Riordan said, “David and Mike bring unsurpassed experience and knowledge
to the business. Over the past years they have expanded Zurich’s
footprint in Surety, Credit & Political Risk in North America and
worldwide, developing strong relationships focused on our customers’
needs.”
Zurich Surety, Credit & Political Risk is a leading provider of contract
and commercial surety, trade credit and political risk insurance
products worldwide. Surety, Credit & Political Risk serves customers
through underwriting offices located in 35 cities throughout North
America, as well as Barcelona, Beijing, Frankfurt, Hong Kong, London,
Paris, Sao Paulo, Singapore, Sydney, Tokyo and Zurich.
Zurich provides surety bonds, political risk and trade credit insurance
for financial institutions, multinational corporations, investors,
exporters, contractors and infrastructure developers in North America
and emerging markets.
Zurich is a member of the Berne Union, an international union of credit
and investment insurers, as well as ICISA, an international association
of trade credit insurers and surety bond providers.
About Zurich
Zurich’s North America Commercial and Global Corporate in North
America business divisions are part of ZurichFinancialServicesGroup (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.
Insurance coverages underwritten by individual member companies of
Zurich in North America, including Zurich American Insurance Company.
Certain coverages not available in all states. Some coverages may be
written on a nonadmitted basis through licensed surplus lines brokers.
Media contact:
Steve McKay
Zurich
(847) 706-2265
steven.mckay@zurichna.com
Source: Zurich North America
