“Cybersecurity failure” was identified as a critical short-and-medium-term threat to the world by respondents of the World Economic Forum’s Global Risks Perception Survey (GRPS). GRPS respondents rank cybersecurity failure among the top-10 risks that have worsened most since the start …
Zurich Insurance will release about $1.2 billion of capital by selling its Italian life and pensions back book to Portuguese insurer GamaLife, the Swiss company said on Monday. The deal will also add 11 percentage points to its Swiss Solvency …
Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the group’s digital capabilities. Financial details of the transaction were not disclosed. AlphaChat is one of the …
Zurich Insurance Group will no longer underwrite new greenfield oil exploration projects, Europe’s fifth-largest insurer said on Thursday in an investor day presentation that sought to burnish its green credentials. It also committed to a full phase-out of thermal coal …
LONDON – Insurers could face European climate stress tests as soon as 2023, the head of the EU’s insurance regulator said at the Reuters Future of Insurance Europe conference on Thursday. The insurance industry faces exposure to climate change risk …
UK baker Greggs Plc filed a $137 million (£100 million) legal claim against Switzerland’s Zurich Insurance Group in a disagreement over a pandemic-related insurance payout, according to a report in the Sunday Times. The chain claims it is entitled to …
Zurich Insurance Group AG is considering a sale of some of its general insurance assets in Australia as the Swiss firm seeks to streamline its portfolio, according to people familiar with the matter. The insurer is working with an adviser …
This edition of International People Moves covers appointments at Swiss Re, Zurich Insurance and Everest Re Group subsidiary, Mt. Logan Re. A summary of these new hires follows. AXA XL’s Coletti Joins Swiss Re as Head of New Central Cyber …
This edition of International People Moves details appointments at QBE International, Zurich Insurance, and MGA Rokstone. A summary of these new hires follows here. QBE International Appoints Mejia as VP of Property Underwriting, LatAm QBE International has ramped up its …
Zurich Insurance Chief Executive Mario Greco wants governments to levy a carbon tax and remove the incentive for socially irresponsible companies to maximize profits by polluting the environment, he told Reuters. Europe’s fifth-largest insurer has already taken steps to clean …
