New head of Zurich North America’s captive unit

Zurich has appointed Todd Cunningham to head the single-parent and sponsored-cell captives unit for Zurich North America.

Mr Cunningham will continue to lead Zurich’s strategic risk solutions group, which specialises in integrated and structured products with multiyear features. He has been responsible for underwriting and business development of customised insurance solutions for Zurich customers since 2005. According to Zurich, he specialises in developing non-traditional programmes covering diverse risks and designing programmes that can incorporate these risks on a cost-effective basis.

Before joining Zurich, he was a vice-president at AIG Risk Finance, specialising in alternative risk transfer programmes. Prior to that, he worked in the environmental practices for Chubb and AIG in various management and underwriting roles. He is based in Zurich’s New York City office.

Zurich said that as part of its single-parent captive solutions, it offers a range of fronting, reinsurance, claims, risk engineering and loss analysis services for single-parent captives. It added that the Zurich sponsored-cell captive can provide customers with a risk management approach that many midsize and even larger corporations may not have pursued, due to the belief that the complexity and costs of programme implementation and administration would be prohibitive.