Zurich Insurance News

Zurich Insurance Accelerates Operational Net-Zero Target to 2030 Instead of 2050

Zurich Insurance Group announced it is bringing forward by 20 years its target to achieve net-zero emissions in its operations. It now aims to reach the goal by 2030, after implementing plans announced on March 31 last year to achieve …

Zurich Removes ‘Z’ From Social Media Branding as Russia Uses Symbol in Ukraine War

Zurich Insurance said it has removed the letter “Z” from its social media branding as a result of Russia’s use of the letter during its war in Ukraine. “The Zurich brand has been around for 150 years. It is a …

People Moves: Zurich Names UK Chief Sustainability Officer; HDI Appoints de Varax to Interim Role to Lead French Branch; Fusion Bolsters APAC M&A Team With 3 Hires

This edition of International People Moves details appointments at Zurich, HDI Global and Fusion. A summary of these new hires follows here. Zurich Names UK Chief Sustainability Officer Zurich Insurance Co. announced that Chief Operating Officer John Keppel will be …

Burn the Client or Burn the Carbon? Insurer AXA Grapples With Clean Energy Transition.

The glass tower in Paris where AXA SA, one of the world’s largest insurers, has its temporary headquarters looks as if a giant feral cat has ripped chunks out of it. In recent months that jagged feeling extends inside, too, …

Swiss Re, Allianz, Other European Financial Services Firms Turn Their Backs on Russia

Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia. The German insurer and Swiss reinsurer join banks Deutsche, Goldman Sachs and JPMorgan Chase which have exited …

Flash Floods Threaten 126,000 Commercial Buildings in London, and Risk Will Worsen

More than 126,000 commercial buildings in London are at risk from flash flooding. Climate change will heighten that threat. Those are the findings of a new study by Zurich Insurance Group, which mapped every commercial and mixed use property in …

Zurich Insurance Reports 35% Increase in 2021 Operating Profit to $5.7 Billion

Zurich Insurance expects continued revenue and profit growth in the next two years, its chief financial officer said on Thursday, after the Swiss insurer reported its biggest annual profit since the financial crisis. Insurers were gloomy about the outlook when …

First Online M&A Insurance Marketplace Launches in Australia

io.insure, the world’s first online mergers and acquisitions (M&A) insurance marketplace for small and medium-sized business (SME) transactions, announced it has launched in Australia. The io.insure marketplace is designed to bridge the significant risk protection gap in the niche M&A …

UK Hospitality Groups Are Back in Court With Insurers Over Lockdown Losses

Some of the world’s biggest insurers are bracing as a second wave of multi-million-pound lawsuits, brought by struggling British pubs, restaurants and bakery chains over lockdown losses, starts hitting London’s courts next week. Zurich, MS Amlin, Liberty Mutual, Allianz and …

In Both Hard and Soft Markets, Zurich Aims to Maintain Focus on Underwriting Discipline

Zurich Insurance Group has worked hard to turn around its financial results over the past five years by bringing underwriting back to the organization, with a greater focus on selecting the right risks, pricing them accordingly, properly structuring programs and …