Zurich Insurance Group (Zurich) has named Gary Shaughnessy as the new CEO Global Life and a member of the Group Executive Committee.

Shaughnessy whose appointment will be effective from 1 January 2016 will succeed Kristof Terryn who was appointed CEO General Insurance.

Prior to accepting the current position, Shaughnessy has been acting as CEO of Zurich UK Life since June 2012.

He accepted the additional role of country head for Zurich in the UK in 2014. He is currently CEO Global Life EMEA ad interim.

Zurich CEO ad interim Tom de Swaan said: "Gary steps up to his new role having made a significant contribution across our UK business.

"He is a great leader with a wealth of industry experience which makes him perfectly suited for the role. The appointment demonstrates the strength of our internal talent pipeline."

Before joining Zurich, Shaughnessy was working with Fidelity Worldwide Investment as a managing director, UK defined contribution and retail business.

Earlier in his career, he has worked in senior roles within the Prudential Group, including the role of UK managing director, retail life & pensions and CEO UK retail at M&G investments.