Latest Zurich Headlines
All the headlines from our Zurich Topic Page, ordered by recency.
N.Y. Court: Zurich Not Obligated to Defend Sony Units in Data Breach Litigation
Mar 17 2014 // A New York trial court recently ruled in a commercial general liability (CGL) policy coverage case that Zurich American Insurance Co. has no duty to defend Sony Corp. of America and Sony Computer Entertainment America in...
Zurich Insurance to Cut Up to 800 Jobs to Save $250 Million
Mar 11 2014 // Zurich Insurance Group AG, the biggest Swiss insurer, plans to save $250 million annually by cutting as many as 800 jobs after lowering its profit goal in December, the company said. Zurich plans to remove management...
Zurich Insurance $1.07 Bn Q4 Profit Misses Estimates after Restructuring
Feb 13 2014 // Zurich Insurance Group AG, the biggest Swiss insurer, reported fourth-quarter profit that missed analysts’ estimates after restructuring charges following a business review. Net income rose 9 percent to $1.07...
Zurich NA’s Mayers Accepted as a Fellow for Chicago Economic Growth Plan
Jan 9 2014 // Zurich North America announced that Taffy Jo Mayers, regional sales director for the Midwest region, has been accepted as a fellow for World Business Chicago’s Plan for Economic Growth and Jobs. The Plan is a...
Zurich Insurance Seeking to Increase Sales to Corporate Clients
Dec 23 2013 // Zurich Insurance Group AG, Switzerland’s biggest insurer, says a business unit selling insurance to corporate clients will become more important as the companies expand abroad. “Companies growing beyond their...
Zurich Insurance Seeks Growth beyond Car Coverage in Germany
Dec 6 2013 // Zurich Insurance Group AG’s German unit, which sells auto insurance with the country’s ADAC automobile club, plans to offer a wider range of policies after reducing coverage following a surprise write-off last...
Zurich Insurance Lowers Profit Target; Signals Business Sale
Dec 5 2013 // Zurich Insurance Group AG, Switzerland’s largest insurer, lowered its profit goal as Chief Executive Officer Martin Senn signaled he’s ready to sell some businesses to bolster earnings growth. Zurich Insurance...
Zurich North America Names Barrett Senior VP on Trade Credit Insurance Team
Nov 27 2013 // Zurich in North America has announced the appointment of Anthony Barrett as senior vice president and head of Short Term Multi-Buyer Trade Credit Insurance. Barrett, a 28-year industry veteran, is based in New York City...
Zurich Insurance Seeks $943 Million for Stake in New China Life
Nov 20 2013 // Zurich Insurance Group AG is selling its entire stake in New China Life Insurance Co. for $943 million, or HK$25 a share, according to the terms of the deal obtained by Bloomberg News. Switzerland’s biggest insurer...
Zurich Insurance Boosts Investment in Clean Energy Bonds
Nov 18 2013 // Zurich Insurance Group AG, Switzerland’s biggest insurer, said it will spend as much as $1 billion on green bonds, making it the largest investor in such clean-power securities. The insurer has appointed BlackRock...
Zurich Insurance Reports Profit Rebound
Nov 15 2013 // Zurich Insurance Group AG, Switzerland’s biggest insurer, said third-quarter profit rose 64 percent, beating analyst estimates, after a write-off related to its German business hurt earnings a year earlier. Net...
Zurich Insurance Says ‘Confident’ on Profitability Measure
Oct 31 2013 // Zurich Insurance Group AG, Switzerland’s biggest insurer [3rd largest in Europe], said it is still “confident” its non-life unit can improve a profitability target with cost cutting after it announced in...
Zurich Insurance Appoints de Swaan Chairman, Replacing Ackermann
Sep 12 2013 // Zurich Insurance Group AG named Tom de Swaan chairman, replacing Josef Ackermann, who stepped down after the suicide of Chief Financial Officer Pierre Wauthier. Fred Kindle, 54, chairman of Exova Holdings Ltd. and former...
Former Zurich Chair Ackermann Quits Siemens, Refutes Influence in CFO Suicide
Sep 12 2013 // Josef Ackermann will step down from Siemens AG’s supervisory board, two weeks after he resigned as chairman of Zurich Insurance Group AG following his naming in the suicide note of finance chief Pierre Wauthier. The...
Zurich Insurance CFO Named Ackermann in Suicide Note
Aug 29 2013 // The finance chief of Zurich Insurance, Pierre Wauthier, named chairman Josef Ackermann in his suicide note, the company confirmed on Friday as it pledged to investigate whether he had been put under undue strain before his...
Zurich Group Chairman Resigns After CFO’s Suicide
Aug 29 2013 // Zurich Insurance Group AG Chairman Josef Ackermann resigned after the company’s finance chief died in a suspected suicide. “The unexpected death of Pierre Wauthier has deeply shocked me,” Ackermann, 65,...
Zurich Insurance CFO Wauthier Committed Suicide: Police
Aug 27 2013 // Pierre Wauthier, chief financial officer of Zurich Insurance Group AG, probably committed suicide at his home, according to police. He was 53. An autopsy to determine the cause of death “clearly pointed to a...
Zurich Insurance CFO Wauthier Found Dead
Aug 26 2013 // Zurich Insurance Group AG, the biggest Swiss insurer, said Chief Financial Officer Pierre Wauthier was found dead at his home this morning. The police are investigating the exact circumstances of his death, the...
Zurich Insurance Profit Drops After Natural Disaster Losses
Aug 15 2013 // Zurich Insurance Group AG, the biggest Swiss insurer, said the target for its general insurance business was “challenging” after natural catastrophe losses cut second-quarter profit by 27 percent. Net income...
New China Life Falls as Zurich Insurance Sells Shares
Jul 12 2013 // New China Life Insurance Co. fell by the most in almost a year in Hong Kong after Zurich Insurance Co. sold 97.5 million shares in the third-biggest Chinese life insurer by premium income last year. The stock dropped 6.4...
