Zurich Insurance has named Theo Bouts the new Chief Operating Officer of Global Life, an arm of the Zurich group.
Mr Bouts is currently the CEO of the Zurich Insurance unit dealing with direct European business and partnerships, a role he will give up on 1 August to take up his new position. Having been with Zurich for only three years Mr Bouts has already taken a couple of key roles within the organisation, being seen as a key player in senior management.
His existing role is seen as critical to maintaining and developing a strong multi channel distribution policy, something Zurich Insurance do not want to lose. For this reason Mr Bouts will take a little time to fully hand over the reins of his existing role until a suitable successor is found.
A new range of insurance has been introduced by Direct Line catering for the needs of small hotel owners having 12 rooms or less.
The Direct Line insurance cover offers both public and product liability up to GBP2 million as well as loss of income protection up to GBP500,000. Policies can also be tailored to incorporate add ons specific to individual needs, typical examples being loss of licence or personal accident.
A spokesperson from Direct Line commented that this new insurance cover would be perfect for smaller operations, enabling them to enjoy all the benefits offered by an insurance company the size of Direct Line with the tailored fit provided by the policy itself.
A new mortgage and lifestyle protection package has been announced by Liverpool Victoria, designed to provide peace of mind for customers who suffer sickness or unemployment.
The package is quite comprehensive in what it offers, with the option of regular mortgage payment coverage or an index linked sum that will replace more living expenses in the event of difficulties. There is a lot of flexibility in the package too, with the facility to have cover running for different periods of time depending on the need.
A Liverpool Victoria spokesman explained that the protection package offered the flexibility customers wanted with simplicity and delivered the peace of mind that was sought.