Swiss market News

Generali Weighs Strategic Options for Swiss Insurance Business

Assicurazioni Generali SpA is exploring strategic options for its Swiss insurance operations, according to people familiar with the matter. The Italian company is working with advisers to study alternatives including a potential sale of part or all of the business, …

Zurich, CoverWallet Launch Online Insurance Platform for Smaller Firms in Switzerland

Zurich Insurance Group’s investment in CoverWallet is bearing fruit, with Zurich now providing insurance for small and medium-sized businesses in Switzerland via CoverWallet’s online platform. CoverWallet uses analytics and state-of-the-art technology to simplify how small businesses buy insurance. Zurich acquired …

Gallagher Acquires 65% Stake in Specialist Swiss Broker Hesse & Partner

Gallagher, the insurance broker, risk management services and consulting firm, broadened its footprint in continental Europe by acquiring a 65 percent stake in specialist Swiss broker Hesse & Partner AG and Hesse Consulting GmbH. Terms of the transaction were not …

Insurance Sector Set to Overtake Banking in Switzerland

Switzerland’s financial center is in the midst of a power shift. The Alpine country’s less fashionable insurers, long overshadowed by glamorous private banks around Zurich’s posh Paradeplatz and Lake Geneva, are on course to surpass banks as a bigger contributor …