Zurich North America has appointed Lillian Labbat as global head of trade credit and political risk, effective immediately.
Over the years, Labbat has held executive roles in global trade and export finance and structured credit with JP Morgan, BNP Paribas and Citi. Her most recent role was managing partner and co-founder of Metis Markets, a financial advisory firm with a focus on fundraising and structured finance solutions for global businesses.
In her new role at Zurich, Labbat is accountable for the direction, management and performance of the trade credit and political risk unit, which is part of specialty products in North America commercial insurance. She will have responsibility for the political risk and single risk trade credit underwriting teams in the Americas, London, Continental Europe and the Asia Pacific region.
Labbat is based in New York and reports to Brian Winters, head of specialty products, North America commercial insurance.
“Labbat brings to Zurich a unique perspective as both a seller and a buyer of political risk and trade credit products, which positions her well to ensure our risk appetite remains competitive, while closely managing our exposures,” says Winters.
Zurich’s previous head of credit and political risk, Dave Anderson, has left the firm. According to his LinkedIn profile, as of last month, he is now the president of Anderson Risk Consultants, which solves specific credit and political risk insurance problems, and provides training, expert witness services and bespoke emerging market research.
Anderson replaced Jim Thomas in the position in June 2016.