Vargas appointed CEO of Farmers

Raul Vargas has been appointed chief executive officer of Farmers Group.

Vargas is currently president of distribution, life and financial services for the Zurich owned company. With more than two decades of international leadership experience across Latin America and Europe, his career with Zurich includes eight years as CEO of Zurich Santander Insurance America.

“Raul is an outstanding leader and an excellent fit for the role,” said Mario Greco, Zurich group chief executive officer. “He has a strong track record growing one of our largest retail businesses by delivering product innovations and optimising distribution, while improving the experience of customers.”

Vargas succeeds Jeff Dailey, who joined Farmers in 2007 and became CEO in 2012. Dailey will continue as chairman.

“It’s an honor and privilege to have been selected to lead Farmers,” Vargas said. “I’m dedicated to working with our talented team to drive sustained growth and continuously enhance the experience of our valued customers. I am thankful to Jeff for his continued leadership, and I look forward to working closely with him to build on the work he’s accomplished.”

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