Board & management

Zurich Insurance plc (“ZIP”) is a subsidiary of Zurich Insurance Company within the Zurich Financial Services Group and operates within the corporate governance guidelines of the Group. ZIP has an effective structure for cooperation between the Board of Directors, Management and internal control functions.

This structure establishes checks and balances including independent directors on the Board. The Board of Directors of Zurich Insurance plc is composed of non-executive and executive Directors. The roles of Chairman of the Board of Directors and CEO are separated, thus providing for separation of powers between the functions and ensuring the autonomy of the Board. The ZIP Chief Executive Officer (CEO) is responsible for managing the Company on a day-to-day basis.

Board of Directors

The Board of Directors currently consists of seven members. It is responsible for determining the overall strategy of ZIP and for the supervision of management. Board meetings are held at least four times per year.

The members of the Board of Directors are appointed by the ZIP Board who follow the corporate governance arrangements of Zurich Financial Services Group, particularly to ensure that overall management and control is in Ireland. Three members are independent non-executive directors.

ZIP Audit Committee and ZIP Board Risk Committee

The members of the ZIP Audit Committee and ZIP Board Risk Committee meet certain requirements with respect to independence and qualification. The committees serve as a focal points for communication regarding the various risk management functions of ZIP, including the internal and external auditors. The Audit Committee is responsible for reviewing ZIP’s auditing process and reviews the internal control systems, as well as the annual financial statements, before submission to the Board. The Audit Committee consists of the following three non-executive directors:

The Board Risk Committee consists of:

ZIP Management Committee

The ZIP Management Committee supports and assists the ZIP CEO to implement the strategic, financial and business policy established by the Board and applies it to the issues that impact ZIP’s business as a whole on a day-to-day basis.