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 said it targets return on equity, a measure of profitability, …
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 is offering 292.5 million …
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 Inc., the world’s biggest money manager, to …
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 income rose to $1.1 billion from $672 million a year …
Swiss Re Ltd., the world’s second- biggest reinsurer, reported better than expected third-quarter profit after non-life premiums rose by a fifth. Net income fell 51 percent to $1.07 billion from a year ago, the Zurich-based reinsurer said in a statement …
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 August it may miss the goal relative to peers. …
Swiss Re Ltd., the world’s second-biggest reinsurer, estimates $43 trillion in infrastructure investments related to urbanization in emerging markets through 2030 may translate into $68 billion in premiums for insurance policies that cover construction risks. Rising income and asset ownership …
Reinsurers may fail to increase rates they charge primary carriers for their backstop coverage when they begin price talks for 2014 in Monte Carlo this week. “I expect the market staying flat to ticking down, on the absolute premium,” Amer …
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 dropped to $789 million from $1.09 billion a year ago, …
Swiss Re Ltd., the world’s second- biggest reinsurer, said it’s in preliminary talks about combining its Admin Re business with Phoenix Group Holdings. “There is no certainty that these discussions will lead to any transaction,” the Zurich-based reinsurer said in …
