Zurich Insurance Group is launching a new unit to expand digital services platform worldwide. The company has also appointed several new chief executive officers for key regions. The new Global Business Platforms unit will be headed by current Asia Pacific …
Zurich UK announced that Tim Bailey, who is currently group chief operating officer for EMEA, will take on the role of UK CEO subject to board and regulatory approvals. He will succeed the current UK CEO Tulsi Naidu who will …
Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week with Lloyd’s of London and other international players expected to be less exposed, insurance industry sources said. Lebanese officials have …
Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for the project, which is opposed by environmental campaigners and some indigenous groups. All financial services companies are under pressure from …
UK financial regulators took aim at insurers’ attempts to compare the coronavirus lockdown to government warnings on cigarettes and alcohol, telling a London court that businesses had no choice but to shut down during the pandemic. The clash took place …
Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the pandemic, saying that shops in Sweden lost money even without a strict lockdown. The strategy was raised at the first …
Zurich Insurance Group has introduced a new legal panel to provide advice on the management of large and complex claims across the Europe, Middle East & Africa (EMEA) region. The new panel consists of BLM, Clyde & Co, DAC Beachcroft …
Reaching out to some of the same risk professionals that respond to the its “Global Risks Report” each year, the World Economic Forum announced the results of a special “COVID-19 Risk Perception Survey,” finding their concerns centered on economic risks …
Leonardo Del Vecchio’s plans to boost the European presence of Italy’s top insurer Generali do not include a cross-border merger with rivals AXA or Zurich, a source close to the billionaire said on Wednesday. Del Vecchio, the 85-year-old founder of …
The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already battered by the impact of the coronavirus pandemic on their underwriting and investment positions. However, recent years of hefty damage …
