– USA, CA – Farmers Group, Inc., the Los Angeles-based subsidiary of Zurich Insurance Group today announced the appointment of Raul Vargas as President and CEO effective January 1, 2023, to succeed Jeff Dailey who will step down as CEO but will remain as Chairman of the Board of Directors.
Mr. Vargas will also the Board of Directors effective January 1, 2023.
About Raul Vargas
Raul Vargas is currently President of Distribution, Life and Financial Services for Farmers Group, Inc. Mr. Vargas oversees sales and distribution efforts, in addition to Farmers New World Life and Farmers Financial Solutions.
Serving the Farmers brand for more than a decade, Mr. Dailey joined Farmers Group, Inc. in 2007 with its acquisition of Bristol West Holding, where he served in several roles including CEO. From 2008 to 2011, he served as Farmers Group, Inc. Executive Vice President of Personal Lines pushing forward new and innovative products for the organization. In 2011, Mr. Dailey was promoted to President and Chief Operating Officer and became a member of the Farmers Group, Inc. Board of Directors. He has served as Chairman since October 2015. Mr. Dailey was appointed to the role of President & CEO of Farmers Group, Inc. in January 2012.
“It’s an honor and privilege to have been selected to lead Farmers in this next chapter of the organization’s history,” said Mr. Vargas. “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.”
Mr. Vargas has more than two decades of international leadership experience across Latin America and Europe. His extensive career with Zurich Financial Services Group includes eight years as CEO of Zurich Santander Insurance America, in addition to several leadership roles across a wide array of geographies including Head of Distribution and Proposition Management of Zurich Santander in Madrid, Spain; Head of Life Business – Latin America in Miami, Florida; as well as Chief Life Actuary and Head of Product Development in Milan, Italy. Mr. Vargas joined Zurich Insurance Group in 1997 as Life Actuary in Zurich Argentina.
About Farmers Insurance
“Farmers Insurance” and “Farmers” are tradenames for a group of insurers providing insurance for automobiles, homes, and small businesses and a wide range of other insurance and financial services products.
For more information: https://www.farmers.com/
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