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Zurich Brasil merges insurance segments, names new head

Zurich Brasil Seguros SA has combined its corporate and commercial insurance segments into its new middle market business.

Glaucia Asvolinsque Smithson, who has served as the company's head of corporate insurance for casualty, life and pensions, was tapped to be the middle market head, the bank said in a news release.

The company said that it decided to merge the segments in order to improve efficiency for both its partners and customers.

"This new unit brings together our knowledge of corporate and commercial insurances under a single umbrella, maintaining and improving the company's broad portfolio of operations," Zurich Brasil head Edson Franco said in a statement. "The combination ... results in better utilization of our systems, skills and technical capacity."