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Zurich Insurance Group (Zurich) announced that the Board of Directors will propose to the next Annual General Meeting on April 4, 2013, the election of Monica Machler (56, Swiss citizen) to the Board of Directors. Zurich also announced that Armin Meyer, who has served the maximum tenure of office under the Group’s internal guidelines, will not stand for re-election.
Josef Ackermann, Chairman of the Board of Directors of Zurich, commented: “We are delighted to have secured the agreement of Monica Mächler. Her wide-ranging experience in regulatory matters, on a Swiss and international level, and the insurance sector would add highly relevant and valued expertise to our Board.” He added: “On behalf of the Board and all shareholders, I would like to thank Armin for his years of outstanding service and dedicated effort to our Group.”
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.