Vargas has greater than 20 years of business expertise. His profession with Zurich Monetary Providers Group contains eight years as CEO of Zurich Santander Insurance coverage America, in addition to a number of management roles together with head of distribution and proposition administration for Zurich Santander in Madrid, head of life enterprise – Latin America in Miami, and chief life actuary and head of product growth in Milan. Vargas joined Zurich in 1997 as a life actuary for Zurich Argentina.
Dailey (pictured above proper) joined Farmers in 2007 with its acquisition of Bristol West Holding, the place he served in a number of roles together with CEO. from 2008 to 2011, Dailey served as govt vp of non-public traces. In 2011, he was promoted to president and chief working officer and have become a member of the corporate’s board of administrators. He was appointed president and CEO of Farmers Group in 2012, and has been chairman of the board since 2015.
“It’s been an honor to guide Farmers through the years,” Dailey mentioned. “Since its founding in Los Angeles in 1928, Farmers has had a wealthy custom of proudly serving its prospects. It has been a privilege to propel the group ahead in a constructive course and to proceed the legacy during which Farmers was based. I’m grateful to have labored with extremely gifted people by means of my time right here as president and CEO, and I stay up for persevering with to serve the model as chairman of the Farmers Group, Inc. board of administrators.”
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“Jeff has made a constructive influence at Farmers over greater than a decade of management and repair,” mentioned Mario Greco, Zurich Group CEO. “He has efficiently led the group by producing constructive enterprise outcomes, driving technological advances, fostering a tradition of innovation and collaboration, in addition to main staff and the group successfully by means of a world pandemic and a number of the most eventful intervals of time in Farmers’ greater than 90-year historical past. We respect his contributions and management.”
Vargas shall be Farmers Group’s thirteenth president and CEO, Greco mentioned.
“Raul, in his present position as president of distribution, life and monetary providers, affords a strategic and solutions-oriented path ahead for the nationwide insurer group to ship a excessive degree of service and high quality insurance coverage merchandise to US customers,” Greco mentioned. “His in-depth understanding of the insurance coverage business and his historical past as a strategic chief make him a singular nominee for the place.”
“Raul is an completed and seasoned business chief who has succeeded in senior roles at Zurich, most not too long ago operating Zurich’s progressive private traces and life insurance coverage distribution partnership with Santander in Latin America,” Dailey mentioned. “Since becoming a member of Farmers earlier this yr, he has impressed me together with his curiosity, intelligence, and the variety of his expertise within the insurance coverage business. I’m assured he’ll lead Farmers to continued development and success.”
“It’s an honor and a privilege to have been chosen to guide Farmers on this subsequent chapter of the group’s historical past,” Vargas mentioned. “I’m devoted to working with our gifted group to drive sustained development and constantly improve the expertise of our valued prospects. I’m grateful to Jeff for his continued management, and I stay up for working carefully with him to construct on the work he’s completed.”