Chief executive officers and chairmen of some of Europe’s biggest banks and insurance companies called for more studies on the effectiveness and impact of regulation to prevent financial crises. While macroprudential tools help prevent bubbles and are necessary to address …
Zurich Insurance Group AG, Switzerland’s biggest insurer, said first-quarter profit fell 4 percent on lower earnings from general insurance and higher tax payments. Net income declined to $1.22 billion from $1.28 billion a year earlier, the Zurich-based insurer said in …
Zurich Insurance Group AG, Switzerland’s biggest insurer, fell short of an earnings target as fourth- quarter profit fell 20 percent on lower income from the general insurance unit. The shares declined. Net income fell to $858 million from $1.07 billion …
Zurich Insurance Group AG, Switzerland’s largest insurer, is about to make its first investments in European direct lending, including infrastructure debt. The insurer wants to lend to small to medium-sized European companies and commercial real estate owners to finance infrastructure …
Insurance companies around the world are promising lower rates on car coverage. The catch is they want to install the equivalent of an airplane’s black box to track how and where you drive. Smartphone applications and devices that record trip …
The integrity of the fast-growing “green bond” market is at risk unless a clear definition of what passes for green can be agreed, Zurich Insurance’s investment chief told the Reuters Global Climate Change Summit. The supply of green bonds, a …
The former head of Zurich Insurance and lead director of Goldman Sachs, James Schiro has died at the age of 68, the bank said. The American citizen, who also served on the boards of Pepsico and Reva Medical, had retired …
Zurich Insurance Group AG, the biggest Swiss insurer, said first-quarter profit rose 20 percent, helped by capital gains on investments. Net income rose to $1.27 billion from $1.06 billion in the year-earlier period, the Zurich-based company said in an e- …
The Panama Canal Authority (PCA), a Spanish-led consortium, and Zurich Insurance have come up with a possible financing deal to resolve the dispute threatening a project to expand one of the world’s most important shipping routes. The consortium of building …
Swiss Re’s Board of Directors announced that Group Chief Financial Officer George Quinn will step down from his role, effective April 30, 2014. A search for his replacement is already underway. Concurrently, the Zurich Insurance Group announced that Quinn “has …
