By Maitane Sardon

Zurich Insurance Group said that Raul Vargas has been appointed chief executive of its U.S. subsidiary Farmers Group Inc.

Mr. Vargas, who is currently president of distribution, life and financial Services for Farmers Group, will succeed Jeff Dailey starting January 1, 2023, the Swiss insurer said late Wednesday.

Mr. Dailey will continue as chairman of the Farmers Group, it said.

Write to Maitane Sardon at

(END) Dow Jones Newswires

10-06-22 0119ET