Mr Nagel has insurance industry experience. For a decade he has performed senior leadership roles for Zurich in Europe and globally. In his last role at Zurich, he served as the Chief Executive Officer of Zurich Germany managing both life insurance and general insurance businesses. Marcus was initially nominated by Bain Capital Credit LP in 2019 (Bain Capital) to represent Bain Capital's stake in Tower (Bain Capital held 20.00% of Tower's ordinary shares at the time of his appointment, which was supported by the Tower Board). However, following the sale of Bain's stake in Tower in FY25, the Board determined that Marcus is independent pursuant to the NZX Listing Rules and Corporate Governance Code. He is a member of the Risk Committee and the People and Appointments Committee.
