Zurich Insurance appoints Lillian Labbat Global Head of Trade Credit & Political Risk
Schaumburg, Illinois, February 1, 2018
Labbat will be accountable for the direction, management and performance of the Trade Credit and Political Risk unit, which is part of Specialty Products in North America Commercial Insurance. She will have responsibility for the political risk and single risk trade credit underwriting teams in the Americas, London, Continental Europe and the Asia-Pacific region.
Zurich Trade Credit & Political Risk provides political risk and trade credit insurance for financial institutions, multinational corporations, investors, exporters, contractors and infrastructure developers globally.
Prior to joining Zurich, Labbat held executive roles in global trade finance, export finance and structured credit with J.P. Morgan, BNP Paribas and Citigroup. Her most recent role was managing partner and co-founder of Metis Markets, a financial advisory firm with a focus on fundraising and structured finance solutions for global businesses. She has extensive experience in both financing and insurance, working with brokers, official agencies and global customers.
Labbat will be based in New York and report to Brian Winters, Head of Specialty Products, North America Commercial Insurance.
“Labbat brings to Zurich a unique perspective as both a seller and a buyer of political risk and trade credit products, which positions her well to ensure our risk appetite remains competitive, while closely managing our exposures,” Winters said.
Lillian earned her Masters of Business Administration degree from New York University’s Stern School of Business and graduated Cum Laude with a Bachelor of Science degree in Finance from St. John’s University, New York.
Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 54,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 210 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.
In North America, Zurich is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, specialties and programs sectors through the individual member companies of Zurich in North America, including Zurich American Insurance Company. Life insurance and disability coverage issued in the United States in all states except New York is issued by Zurich American Life Insurance Company, an Illinois domestic life insurance company. In New York, life insurance and disability coverage is issued by Zurich American Life Insurance Company of New York, a New York domestic life insurance company. For more information about the products and services it offers and people Zurich employs around the world go to www.zurichna.com. 2012 marked Zurich's 100-year anniversary of insuring America and the success of its customers, shareholders and employees.