Zurich Financial Services Group has named Mario Greco the new CEO of its global life business segment. He succeeds Paul van de Geijn, who will reach his planned retirement date in 2008.

In the last couple of months, Mr van de Geijn has been working for a smooth transition in leadership to Mr Greco, and has taken on new projects concentrating on Zurich’ expanding operations in China.

Mr van de Geijn has agreed to continue to share his knowledge and experience with the group and to serve in the role of chairman, China management board, and member of the group executive committee through his retirement date on December 31, 2008.