Latest Zurich Headlines
All the headlines from our Zurich Topic Page, ordered by recency.
People Moves: Cushing Named Deputy CUO at Zurich North America
Mar 25 2025 // Tobias Cushing Zurich North America appointed Tobias “Toby” Cushing to the newly created role of deputy chief underwriting officer. Cushing previously served as casualty technical director. In his new role,...
Zurich Insurance Expands Stake in Banco Sabadell Amid BBVA Deal Bid
Mar 7 2025 // Zurich Insurance Group AG has amassed a substantial stake in Banco Sabadell SA, potentially giving it more influence over an important source of sales that’s facing a hostile takeover bid. The Swiss firm has...
Zurich Insurance Sees $200 Million LA Wildfire Loss
Feb 21 2025 // Zurich Insurance Group AG is expecting pretax losses of $200 million from the January California wildfires as the insurer reported a 5% gain in profit for 2024. Group operating profit rose to $7.75 billion in the year, the...
People Moves: Zurich NA Appoints Bessette Chief Data Officer; O’Neill Named Head of NFP’s Financial Institutions Group
Jan 23 2025 // Zurich NA Appoints Bessette as Chief Data Officer Kristen Bessette Zurich North America, headquartered in Schaumburg, Illinois, appointed Kristen Bessette as chief data officer. Based on the East Coast, Bessette previously...
RiverStone International to Provide Loss Portfolio Transfer for Zurich Insurance
Dec 23 2024 // RiverStone International, the London-based provider of legacy solutions, announced it has signed an agreement with the French branch of Zurich Insurance Europe and Zurich Insurance Co. to provide a loss portfolio transfer...
Zurich Insurance Group Sets New Targets After Meeting Existing Ones a Year Early
Nov 21 2024 // Zurich Insurance Group AG set new targets for profitability and profit growth for the next three years, after a better-than-expected market environment put it on track to exceed its existing guidance a year ahead of...
Update: Zurich Insurance Tops Profit Forecast, on Track to Beat 2025 Targets
Aug 8 2024 // Zurich Insurance posted a record first-half operating profit on Thursday and said it was on track to beat its 2025 targets, but concerns about natural catastrophe losses sent its shares lower. Insurers have benefited from...
AI and APIs: Essential Tools for Zurich Insurance Group’s Digital Leap
Jul 2 2024 // Executive Summary: For a multinational insurance company like Zurich Insurance Group, which can find itself delivering large, complex policies in multiple languages to a single international customer, there’s a...
People Moves: Aon’s Mann, Trombino and Younger Join WTW Financial Institutions Team; Former Fortitude CEO Bracken Hired as Zurich NA CFO
Jun 26 2024 // WTW appointed three former Aon executives to roles within its financial institutions and professional services industry division, a part of Corporate Risk and Broking (CRB) North America. Heather Mann Heather Mann, based...
Zurich Insurance Adding 600 People in India Following Kotak Deal
Jun 25 2024 // Zurich Insurance Group AG plans to increase headcount in India by 40% over the next three years, adding 600 people following its acquisition of a majority stake in Kotak Mahindra Bank Ltd.’s general insurance...
Zurich Insurance to Sell Downtown Madrid Offices for About €100 Million
Jun 18 2024 // Zurich Insurance Group agreed to sell its iconic office building in downtown Madrid to a Spanish investment fund for about €100 million ($107 million), underscoring the robust demand for real estate in the...
People Moves: Zurich NA Names Higginbotham Head of Pro Liability & Cyber; FM Global CEO Appointed Board Chair; WTW Names Lombardo Named Chair of REHL Division
Apr 25 2024 // Zurich NA Names Higginbotham Head of Professional Liability & Cyber Kara Higginbotham Zurich North America, headquartered in Schaumburg, Illinois, has named Kara Higginbotham as head of professional liability and cyber...
Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination
Apr 24 2024 // Zurich North America was ordered by a California jury to pay three former employees a total of about $80.2 million to end a wrongful termination case earlier this month. Melinda Brantley, Nicholas Lardie, and Daniel Koos...
Zurich Insurance to Halt Coverage of New Fossil-Fuel Exposures
Apr 8 2024 // Zurich Insurance Group AG will no longer underwrite new oil and gas projects, and is cracking down on clients planning to expand in metallurgical coal mining. The restrictions also entail asking the highest-emitting...
Zurich Insurance Reports Record Profit, Announces $1.25B Share Buyback
Feb 22 2024 // Zurich Insurance posted a better-than-expected annual operating profit on Thursday and announced a share buyback of up to 1.1 billion Swiss francs ($1.25 billion), as insurers ride out the impact of a global pandemic, wars...
Zurich Insurance to Buy 51% in India’s Kotak General for $487 Million
Nov 2 2023 // Zurich Insurance Co. has agreed to buy a majority stake in Kotak Mahindra General Insurance Co. for 40.51 billion rupees ($487 million), including infusion of fresh capital. The Switzerland-based insurer will buy 51% stake...
Zurich American Off the Hook on Harvard’s Legal Costs in Affirmative Action Case
Aug 10 2023 // Even the smartest institutions in the land can miss deadlines – and can lose $15 million in insurance coverage because of it, a federal appeals court decided Wednesday. The U.S. 1st Circuit Court of Appeals upheld a...
Zurich Insurance CEO Criticizes Climate Alliances After Exodus
Aug 10 2023 // The chief executive officer of Zurich Insurance Group AG has spoken out against the network of voluntary climate alliances that represent some of the biggest names in global finance, calling them “political and...
Greensill Sues Zurich Insurance for $400 Million to Recoup Losses
Aug 9 2023 // Greensill Bank AG’s administrators are seeking more than $400 million from Zurich Insurance Plc in London lawsuits to recoup the defunct lender’s losses on controversial investments linked to Credit Suisse and...
Zurich Insurance Eyes Buying $400M Stake in General Insurance Arm of India’s Kotak
Jun 14 2023 // Zurich Insurance Group is in talks to buy up to 51% of India’s Kotak General Insurance, two sources with direct knowledge of the matter said, a deal that would mark its first major bet on the fast-growing South Asian...
