Kathleen Savio (business executive)

Kathleen Savio (born 1965) is a business executive serving as the chief executive officer of Zurich North America, Zurich Insurance Group. She succeeded the previous CEO, Mike Foley, on January 1, 2018.[1]

Kathleen Savio
Alma materIllinois State University
OccupationBusinesswoman
TitleCEO of Zurich North America, Zurich Insurance Group (2018–present)

Education

Savio received a bachelor's degree in speech communications and a master's degree in communications from Illinois State University. She attended the Advanced Management Program at Harvard Business School, and participated in the Executive Management Program at the Kellogg School of Management.[2]

Career

Savio joined Zurich North America in 1991. She has held several management positions in the company, including chief administrative officer.[3] She also served as vice president of corporate and marketing communications, and vice president of strategic initiatives.[4] Savio became the President of Alternative Markets in 2012. In that role, she oversaw consistent profitable growth, according to the company's press release.[2] She led the integration of Rural Community Insurance Services, one of the largest US crop insurance providers, which Zurich acquired from Wells Fargo in 2016.[4]

In 2015, Savio took part in a SelectUSA Investment Summit roundtable, joining six other business leaders from Swiss-owned companies at the White House to discuss apprenticeship opportunities in the United States. Zurich was hoping to implement an apprenticeship program in North America, similar to its program already offered to Swiss employees. Participants at the meeting included Swiss Vice President Johann Schneider-Ammann, US Ambassador Suzan G. LeVine, Commerce Secretary Penny Pritzker, Labor Secretary Tom Perez, and other White House officials.[5]

Throughout her tenure at Zurich, Savio has supported community engagement and diversity initiatives.[4] She served as chair of the Z Zurich Foundation, which provides local grants supporting youth, mental health, and community resilience.[6] She has also served as executive sponsor of Zurich’s LGBT employee resource group, and as a member of The Chicago Network.[4]

In 2015, Savio was listed in Business Insurance in that year's "Women to Watch".[7] In 2018, Risk & Insurance featured her in its list of "Insurance Executives to Watch".[6]

References
  1. Atkins, Ralph. "Zurich Insurance's US chief to step down in January". Financial Times. Retrieved February 20, 2018.
  2. Mikus, Kim (September 21, 2017). "Kathleen Savio to replace retiring Zurich CEO". Chicago Daily Herald. Archived from the original on April 19, 2019. Retrieved February 20, 2018.
  3. "Zurich appoints company veteran for North America top job". finews.com. September 21, 2017. Archived from the original on January 14, 2021. Retrieved January 13, 2021.
  4. "Zurich North America CEO Foley Leaving; Savio Named Successor". Insurance Journal. September 21, 2017. Archived from the original on September 27, 2018. Retrieved January 13, 2021.
  5. Johnson, Denise (January 30, 2015). "Zurich to Add U.S.-Based Apprenticeships to Educational Program Offerings". Claims Journal. Archived from the original on June 19, 2018. Retrieved January 13, 2021.
  6. R&I Editorial Team (December 14, 2017). "Insurance Executives to Watch". Risk & Insurance. Archived from the original on August 6, 2020. Retrieved January 13, 2021.
  7. Lerner, Matthew (December 6, 2015). "2015 Women to Watch: Kathleen Savio". Business Insurance. Archived from the original on August 10, 2020. Retrieved January 13, 2021.
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