Lillian Labbat joins Zurich as Global Head of Trade Credit & Political Risk
Zurich welcomes Lillian Labbat as Global Head of Trade Credit & Political Risk. Lillian previously held executive roles in global trade, export finance and credit structuring with J.P. Morgan, BNP Paribas and Citigroup.
Most recently, Lillian 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. She has extensive experience in both financing and insurance, dealing with brokers, official agencies and global customers.
In her role at Zurich, Lillian will be accountable for the direction, management and performance of the Trade Credit & Political Risk unit, which is part of Specialty Products in North America Commercial Insurance. The underwriting teams are located in the Americas, London, Continental Europe and the Asia-Pacific region. Lillian is based in New York.
“Lillian brings to Zurich a unique perspective as both a seller and a buyer of political risk and trade credit products,” said Brian Winters, Head of Specialty Products for Zurich North America Commercial Insurance. “That positions her well to ensure our risk appetite remains competitive, while closely managing our exposures.”
Zurich Trade Credit & Political Risk provides political risk and trade credit insurance for financial institutions, multinational corporations, investors, exporters, contractors and infrastructure developers globally.
“I have always been impressed with Zurich as a leader in the insurance market and wanted to be part of a growing and evolving global organization,” Lillian said. “My priorities are to position Zurich as a leader in credit and political risks while managing our risk appetite.”
Lillian earned her Master of Business Administration (MBA) degree from New York University’s Stern School of Business and graduated cum laude with a Bachelor of Science in finance from St. John’s University in New York.
What drew her to insurance: “I have always been interested in global business and solving the challenges of companies seeking to do business abroad.”
People are surprised to learn that … “I enjoy long-distance cycling (up to 75 miles in a day).”
When I’m not thinking about insurance …“I’m doing boot camp in Central Park in the morning, cycling along the Hudson River or taking a Zumba class.”
Raquel Rendon becomes Business Development Leader for Metro New York Area
Raquel Rendon, previously a Senior Account Executive with Zurich’s Construction Underwriting team, has been named Business Development Leader for the Metro New York Area.
Raquel, who holds MBA and JD degrees, has worked at Zurich for almost eight years. For the past two years in Underwriting, Raquel focused on Construction Professional Liability and Cyber Liability products in the Mid-Atlantic Area. Before that, she worked as a Zurich Claims Specialist.
“Raquel will be focusing on our Select Brokers in New Jersey, Westchester and New York City to ensure alignment with our business units and to deliver profitable growth,” said Thomas J. Trullinger, Area Executive, Mid-Atlantic Area. “She brings over 15 years’ experience in the insurance industry to this role.”
Her first priority is listening to and understanding her assigned brokers’ needs in areas of focus such as property, healthcare and financial institutions and across business units such as Construction and Middle Markets.
“I like people, and I enjoy insurance, and my new role is ideal as it allows me to build relationships and use my experience and education to drive results,” Raquel said. “I know Zurich and how it works, and I enjoy being out there marketing what we have to offer.”
Raquel also has held positions with Ace as a claims specialist, with Chubb as an executive protection underwriter and with The Graham Company as a claims consultant.
She holds a bachelor’s degree in American history from Princeton University, a law degree from Fordham University and a master’s degree in business administration from Columbia University. Raquel recently earned the Chartered Property Casualty Underwriter designation (CPCU). See how her background led her to Zurich.