Zurich Creates New M&A Unit

Zurich Financial Services Group (Zurich) created a new Mergers & Acquisitions (M&A) unit to analyze needs and offer customized solutions for customers going through a merger or acquisition. The unit is already fully operational in the U.S. and will have worldwide capabilities through offices in London and Zurich by the fourth quarter of this year.

Thomas L. Gamble has been named president of the M&A unit. He joins Zurich with an extensive industry background, most recently as an executive vice president at Arch Insurance Group. He will report to Mario Vitale, CEO, Zurich Global Corporate in North America and will be based in New York City.

Mario Vitale, CEO, Zurich Global Corporate in North America said: “With the creation of the unit, Zurich is the only insurer to offer a fully integrated and fully dedicated team of professionals with expertise in a broad range of insurance products and all aspects of the M&A process.”

The total value of M&A deals in 2006 reached an all-time high of approximately USD 4 trillion and compared with last year is up over 25 percent to USD 3.1 trillion year to date. With M&A activity likely to continue at a rapid pace this year and beyond, Zurich is committed to capturing a significant share of the insurance activity related to this important market.

Source: Zurich’s Global Corporate