Jaksic, who currently serves as CEO of Zurich Benelux, will bring a wealth of expertise to his new role, further strengthening Zurich’s leadership in the UK market.

Joining Zurich Insurance Group in 2019, Jaksic has held prominent positions, including Global Head of Accident & Health in Zurich’s Commercial Insurance division. Before his tenure at Zurich, he served as Senior Vice President of Accident & Health at Chubb Europe.

With over 30 years of experience in the global insurance and financial sectors, Jaksic has built a reputation for effectively addressing the needs of brokers, customers, and regulators. His background spans both Property & Casualty (P&C) and Life insurance, showcasing his comprehensive understanding of the industry.

Jaksic’s leadership is expected to play a pivotal role in Zurich UK’s strategic growth and commitment to delivering exceptional value to its stakeholders.

Tim Bailey, the current Zurich UK CEO, will now become CEO Life Protection at Zurich. He brings a wealth of experience to this new role including four years as CEO of Zurich Australia’s Life & Investments business, as well as COO EMEA & Bank Distribution. Tim will report to Cara Morton, CEO Zurich Global Ventures.

Bailey said: “Life insurance has played a pivotal role in my career. The opportunity to build and lead a new global business and establish Zurich as a world leader in this space is exciting. Over the last four years, Zurich UK has grown significantly and strengthened its market position. I have been fortunate to lead an outstanding team which I’m leaving in Drazen’s excellent hands. He has everything the business needs to continue to drive it forward.”

 Alison Martin, CEO EMEA & Bank Distribution also commented, saying: “We are delighted to have a leader of Drazen’s calibre at the helm of Zurich UK, one of Zurich’s key markets. Drazen has made a significant impact since joining Zurich, and we look forward to seeing him continue this success at Zurich UK.”

Jaksic added: “This is a fantastic opportunity for me to continue to advance our position in the UK market. I can’t wait to get started, it’s clearly a very talented leadership team and a strong business unit. I see huge opportunities for us in the market and I feel privileged to play a role in driving our future success.”