Zurich Insurance News

Brexit Creates Opportunities for Specialist Legacy Acquisition Insurers

Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy and manage policies closed to new customers. Whether Britain leaves the European Union without a deal or under a so-called hard Brexit, British …

Cyber-Attacks Named as Top Business Risk in U.S., Canada and Europe, by WEF Survey

Cyber-attacks are named as the leading risk for business executives in the United States, Canada and Europe, according to a survey of business leaders published by the World Economic Forum, in partnership with Zurich Insurance Group and Marsh & McLennan …

Zurich Insurance Taps Giger from Swiss Regulator, FINMA, as Group Chief Risk Officer

Zurich Insurance Group announced that Peter Giger will join the group on Oct. 1, 2019, as group chief risk officer and a member of Zurich’s Executive Committee. He succeeds Alison Martin who was recently appointed chief executive officer Europe, Middle …

Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail

By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer is set to …

DARAG Buys Zurich’s German Architects & Engineers Professional Indemnity Portfolio

DARAG Group Ltd., the Malta-based legacy acquirer, announced it has reached an agreement with Zurich Insurance plc to acquire Zurich’s German architects and engineers (A&E) professional indemnity insurance portfolio. The transaction is subject to relevant regulatory and court approvals, in …

Zurich Insurance Expects to Beat Targets as It Enters Final Stretch of Turnaround

Zurich Insurance Group AG said it expects to beat all its financial targets for the 2017-2019 period as the global insurer enters the the final stretch of a three-year turnaround. “In 2016, we gave ourselves ambitious targets and we launched …

Insurers Pressured to Drop Coverage of Canada’s Oil Sands Pipeline

A coalition of 32 environmental and indigenous groups on Thursday urged insurers to stop underwriting the Trans Mountain pipeline to pressure Canada to cancel its plan to expand the project, which carries crude from Alberta’s oil sands to British Columbia’s …

Keep It Simple, Grow Trust for Future Success, Say UK Insurance Executives

The insurance industry is facing a complicated cocktail of massive political and economic uncertainty, climate risks, huge shifts in technology and increasing regulatory burdens. These are just some of the industry challenges cited by Jon Dye, chief executive of Allianz …

Zurich Insurance Names Martin as CEO EMEA and Bank Distribution, Succeeding Blanc

Zurich Insurance Group has appointed Alison Martin to the role of chief executive officer Europe, Middle East & Africa (EMEA) and Bank Distribution with immediate effect. Martin will continue to oversee the Group Risk Management function for a limited period …

Blanc Resigns as CEO EMEA of Zurich Insurance

Zurich Insurance Group announced that Amanda Blanc, CEO EMEA and Bank Distribution and a member of the group’s executive committee, has tendered her resignation. Blanc joined the company in October 2018. Zurich said Blanc’s successor will be announced in due …