Latest Zurich Headlines
All the headlines from our Zurich Topic Page, ordered by recency.
Zurich Insurance to Sell Russian Business to Local Team
May 20 2022 // Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest Western firm to exit Russia. It joins a list of companies that have quit the...
Zurich Insurance in Talks to Sell $21 Billion Portfolio to Cinven’s Viridium: Sources
May 11 2022 // Zurich Insurance Group AG is in advanced talks to sell a portfolio of German life insurance policies to Cinven’s Viridium Group, the latest transaction in a busy corner of financial dealmaking, people familiar with...
Zurich Insurance Accelerates Operational Net-Zero Target to 2030 Instead of 2050
Apr 1 2022 // Zurich Insurance Group announced it is bringing forward by 20 years its target to achieve net-zero emissions in its operations. It now aims to reach the goal by 2030, after implementing plans announced on March 31 last...
Zurich Insurance Reports 35% Increase in 2021 Operating Profit to $5.7 Billion
Feb 10 2022 // Zurich Insurance expects continued revenue and profit growth in the next two years, its chief financial officer said on Thursday, after the Swiss insurer reported its biggest annual profit since the financial...
People Moves: Zurich North America Changes Leadership in Captives, Crop, Construction, Customer Office
Jan 18 2022 // Zurich North America announced the following changes: Jason Meador, currently head of Captives at Zurich North America, has been appointed to lead the Rural Community Insurance Services crop insurance business following...
Zurich Insurance to Sell Italian Life and Pensions Back Book to Portugal’s GamaLife
Jan 3 2022 // Zurich Insurance will release about $1.2 billion of capital by selling its Italian life and pensions back book to Portuguese insurer GamaLife, the Swiss company said on Monday. The deal will also add 11 percentage points...
People Moves: Promotions at Zurich North America, Cross Insurance; Risk Strategies Hires Bryant
Dec 22 2021 // Zurich North America Names Peterson Regional Executive for the East Region Zurich North America has named Andy Peterson as regional executive for the East region. Peterson, who has been with Zurich since 2008, will begin...
Zurich Insurance to Acquire Conversational AI Company AlphaChat
Dec 16 2021 // Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the group’s digital...
Zurich North America Doubles Down on Apprenticeship Program
Nov 18 2021 // Zurich North America announced it will significantly expand the Zurich Apprenticeship Program, doubling the number of participants in 2022. CEO Kristof Terryn said the insurer plans to hire approximately 70 apprentices in...
Update: Zurich Insurance Will No Longer Underwrite New Oil Exploration Projects
Nov 18 2021 // Zurich Insurance Group will no longer underwrite new greenfield oil exploration projects, Europe’s fifth-largest insurer said on Thursday in an investor day presentation that sought to burnish its green...
Zurich American Acquires Texas-Based Special Insurance Services
Nov 12 2021 // Zurich American Insurance Company, a provider of insurance products and services to businesses in multiple industries, has signed an agreement to acquire Special Insurance Services, Inc., a Texas-based program manager...
Cyber Insurtech BOXX Raises US$10M From Zurich Insurance and 2 Other Investors
Sep 22 2021 // BOXX, the Toronto-based cyber insurer for small businesses, individuals and families, announced it has closed its oversubscribed US$10 million (C$12.7 million) Series A-round in a bid to accelerate growth and expand its...
Zurich Insurance Weighs Selling Some Australian Non-Core Assets
Sep 17 2021 // Zurich Insurance Group AG is considering a sale of some of its general insurance assets in Australia as the Swiss firm seeks to streamline its portfolio, according to people familiar with the matter. The insurer is working...
Zurich Insurance CEO Backs Carbon Tax and Public-Private Cyber Partnership
Aug 13 2021 // Zurich Insurance Chief Executive Mario Greco wants governments to levy a carbon tax and remove the incentive for socially irresponsible companies to maximize profits by polluting the environment, he told...
Zurich Insurance Reports Strong Surge in Earnings as COVID-19 Impact Eases
Aug 12 2021 // Zurich Insurance Group’s on Thursday joined other big European insurers in reporting a strong rebound in earnings as the impact from COVID-19 on their businesses eased. Buoyant markets along with higher policy sales...
Zurich Insurance Nearing Deal to Buy Deutsche Bank’s Italian Advisers Unit: Sources
Aug 3 2021 // Zurich Insurance Group AG is nearing a deal to buy Deutsche Bank AG’s Italian financial promoters network, according to people familiar with the matter. Zurich has emerged as the leading candidate to buy DB Financial...
Swiss Markets Watchdog FINMA Names Angehrn from Zurich Insurance as Next CEO
Jul 13 2021 // ZURICH – Switzerland’s markets watchdog FINMA on Tuesday named Zurich Insurance chief investment officer Urban Angehrn as its new boss, tapping an insurance industry veteran to lead the financial...
People Moves: Allstate’s Chauhan Heads Zurich NA Strategy; AGCS Expands Executive Team With Laufer, Pignataro
Jun 7 2021 // Neeren Chauhan has been named head of Strategy, Innovation & Business Development for Zurich North America. Chauhan joins Zurich after serving as vice president, Distribution Transformation and Market Share Growth, for...
Zurich Insurance Expects Limited Exposure to Greensill Collapse
May 12 2021 // Zurich Insurance does not expect to have a major exposure to the failure of supply chain financing firm Greensill Capital, the insurer’s chief financial officer said on Wednesday after it reported solid first-quarter...
Zurich Insurance Deepens Climate Change Strategy
Apr 1 2021 // Zurich Insurance Group said it will be taking further, deeper steps to help curb carbon emissions in line with the Paris Agreement’s goals to limit global warming. Targets will include its own internal operations,...
