Latest Zurich Headlines
All the headlines from our Zurich Topic Page, ordered by recency.
Update: Zurich Insurance Weighs Sale of Hong Kong & Singapore Units
Feb 24 2016 // Zurich Insurance is exploring a sale of its Hong Kong and Singapore operations as it reviews its non-core businesses outside Europe, sources familiar with the matter said. The Swiss insurer has discussed the plan with...
Zurich Insurance Plans to Sell South Africa & Morocco Units: Sources
Feb 19 2016 // Zurich Insurance Group AG has started a process to sell its units in South Africa and Morocco as it works toward turning around its money-losing insurance operations, according to people familiar with the matter. Zurich is...
Generali Names Galateri as Interim CEO After Greco Departs for Zurich Insurance
Feb 9 2016 // Assicurazioni Generali SpA appointed its Chairman Gabriele Galateri, as acting chief executive officer after CEO Mario Greco decided to quit Italy’s biggest insurer to become the head of Zurich Insurance Group...
Update: Zurich Insurance Group Expects Q4 2015 Loss in General Insurance
Jan 20 2016 // Zurich Insurance Group AG fell to the lowest in more than three years after Switzerland’s biggest insurer put shareholders on notice that it expects a second straight quarterly loss in its general insurance...
Zurich Insurance to Appoint Generali’s Greco as CEO: Swiss Newspaper
Jan 11 2016 // Zurich Insurance Group AG will appoint Mario Greco, the head of its Italian rival Assicurazioni Generali SpA, as chief executive officer, Swiss newspaper SonntagsZeitung reported, without saying how it got the...
Zurich North America Forms Captive Insurance Company in Vermont
Dec 23 2015 // Zurich North America has selected Vermont as the domicile for a new sponsored cell captive company, according to the Vermont Department of Financial Regulation. The captive, Hoplite Reinsurance Company of Vermont, is...
Zurich Insurance to Buy Wells Fargo Crop Insurance Unit
Dec 18 2015 // Zurich Insurance Group AG agreed to buy a Wells Fargo & Co. crop insurance business for as much as $1.05 billion as the Swiss company puts to work excess cash left over from a separate takeover bid that it abandoned...
Zurich Insurance Increases Job Cuts, Relocations by 1,800
Dec 3 2015 // Zurich Insurance Group AG, Switzerland’s biggest insurer, is increasing job cuts and relocations to a total of at least 1,800 at the company reduces costs and overhauls its biggest unit. The company will move 300...
Zurich Insurance Plans to Exit P&C Business in Middle East After Strategic Review
Nov 30 2015 // Zurich Insurance Group Plc said it will stop writing general insurance business in the Middle East at the end of month because of the “limited potential” for profitable growth. The decision to exit general...
Zurich Insurance Plans to Replace CEO Senn, Reports Swiss Magazine
Nov 12 2015 // Zurich Insurance Group AG is seeking to replace Chief Executive Officer Martin Senn after third-quarter losses forced it to abandon its bid for Britain’s RSA Insurance Group Plc, according to a Swiss business...
Zurich Insurance Q3 Profit Falls 79% on Losses from Tianjin Port Explosions
Nov 5 2015 // Zurich Insurance Group AG said profit fell 79 percent in the third quarter after it booked $275 million in losses from the Tianjin disaster and set aside $367 million more in reserves to cover mainly North American auto...
A.M. Best Affirms Zurich Insurance Ratings; Outlook Negative on Expected Losses
Oct 5 2015 // A.M. Besthas affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” while at the same time revising the outlook to negative from stable forZurich Insurance Company...
Workers’ Compensation Premiums Up 5.3% in First Half of 2015: Demotech
Sep 25 2015 // Workers’ compensation insurers reported a 5.3 percent increase in direct written premiums during the first six months of 2015 versus the same period in 2014, according to actuarial firm Demotech’s review of...
Zurich Insurance Offers $8.8 Billion to Acquire UK’s RSA
Aug 25 2015 // Zurich Insurance Group AG, Switzerland’s largest insurer, proposed to buy the UK’s RSA Insurance Group plc for about 5.6 billion pounds ($8.8 billion). RSA is willing to recommend the possible offer of 550...
Shareholders in UK’s RSA Bracing for Lowball Bid from Suitor Zurich Insurance
Aug 24 2015 // Shareholders in British insurer RSA are bracing for a lowball bid from prospective suitor Zurich Insurance, putting one of Europe’s largest ever insurance deals in doubt. After flagging its interest to the market on...
Blue River Underwriters Adds Experienced Leadership to Auto Dealers and USL&H Programs
Aug 19 2015 // Pictured left to right: Michael Mahoney and Susan Doyle Atlanta, GA, August 19 2015 — As part of the growth plans for its Auto Dealer and United States Longshoreman & Harbor Workers Act (USL&H) insurance...
Court Decision May Impact Workers’ Comp Side Agreements in California
Aug 17 2015 // A recent court decision may have the potential to change the practice of side agreements in workers’ compensation policies California, a practice that some say often goes on under the regulatory radar. Zurich...
Court Decision May Impact Workers’ Comp Side Agreements in California
Aug 7 2015 // A recent court decision may have the potential to change the practice of side agreements in workers’ compensation policies California, a practice that some say often goes on under the regulatory radar. Zurich...
Zurich Insurance’s Investors Grow Impatient with CEO Senn’s Strategy
Aug 7 2015 // Martin Senn, Zurich Insurance Group AG’s chief executive officer, is considering a bid for RSA Insurance Group plc, one of the U.K.’s biggest insurers, after a cost-cutting program failed to revive returns for...
Zurich Insurance Prepares Financing Ahead of Possible Offer for RSA: Sources
Aug 3 2015 // Zurich Insurance Group AG is raising financing ahead of a possible takeover offer for RSA Insurance Group, according to people familiar with the matter. The Swiss insurer is talking to banks about raising more than $4...
