Zurich has named Dan Nash its healthcare practice leader. Nash succeeds Patrick Lundy, who was recently appointed to head of Zurich’s Canada operations. Nash will be based in Chicago. Nash will focus on growing Zurich’s healthcare business across all market …
The Zurich Insurance Group reported a business operating profit (BOP) for the first quarter of 2012 of $1.3758 billion, a 62 percent rise from $854 million in Q1 2011, and net income after tax of $1.143 billion for the period, …
Zurich Financial Services Group has announced that the name change from Zurich Financial Services Ltd to Zurich Insurance Group Ltd “has become effective upon entry in the commercial register of the canton of Zurich.” Shareholders had previously approved the name …
The selloff of various parts of Ariel Re continues, as Arch Capital announced that it will acquire Ariel Re’s Credit & Surety reinsurance operations based in Zurich. The news follows an earlier announcement that Goldman Sachs is acquiring Ariel Re’s …
Both A.M. Best and Standard & Poor’s issued bulletins following the announcement that Ariel Re was selling off its Bermuda-based reinsurance business to Arrow, a unit of investment Bank Goldman Sachs, and its trade credit and surety (C&S) operations, which …
Zurich Financial Services Group announced that its board of directors will propose a name change on March 29, 2012 that will reflect that it has streamlined its business portfolio to concentrate on insurance over the last few years. The company’s …
European insurers Axa and Zurich Financial suffered on all sides last year as Europe’s debt crisis ate into their sovereign bond holdings, catastrophe claims emptied coffers and the downturn cut demand for life cover. Axa, Europe’s No. 2 insurer, said …
Zurich has promoted industry veteran Sabrina Hart to chief underwriting officer for Global Corporate in North America. Hart replaces Paul Horgan who is relocating to Switzerland to become global head of group reinsurance. She will continue to be located in …
The latest report from the World Economic Forum highlights the “world’s vulnerability to further economic shocks and social upheavals.” Together they “risk undermining the progress that globalization has brought,” the report warns. The seventh edition of the Global Risks 2012 …
Zurich Financial Services Group has announced the appointment of two executives within its Investment Management sector as follows: Hansjörg Germann (46, Swiss and Italian citizen) has been appointed to the position of Head of Strategy Development, effective January 1, 2012. …
