Zurich received the Insurance Industry Charitable Foundation’s (IICF) “Double I” award this week. The award recognizes Zurich’s influence in the insurance industry and its impact through the company’s corporate responsibility programs on the communities it serves. The award was presented …
A Florida workers’ compensation insurer has reached a deal with a California company to underwrite its workers’ compensation policies through its Florida agency-owned captive program. Zurich Financial Services Group recently announced that through its wholly-owned subsidiary, Zurich American Insurance Co., …
Zurich Financial Services Group announced that Jeff Dailey (54, U.S. citizen) has been appointed as a member of the Group Executive Committee effective January 1, 2012. He is currently President and COO of Farmers Group, Inc., and will become its …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Zurich Insurance Company Limited (ZIC), the main operating company of Zurich Financial Services Ltd. Best …
Zurich Financial Services Group reported a business operating profit (BOP) for the nine months ended September 30, 2011 of $3.258 billion, an 8 percent decline from 2010, when it posted $3.537 billion. However, Zurich’s net income after tax rose by …
Zurich announced that Jim Dowdy will add responsibility for its North America railroad insurance practice in addition to overseeing Zurich’s specialty lines property business. The company also appointed Ron Mathewson and Gary Linde as casualty underwriters supporting the railroad business. …
Zurich announced the appointment of Mary Merkel as regional chief underwriting officer for Zurich in North America, effective immediately. Merkel replaces Tim Carter, who left the company to pursue another opportunity. Merkel joined Zurich in 1982 and has held a …
A company’s reputation often constitutes one of its most valuable assets; however, as the damage to value, as well, as the nature of the risks that may cause it, are hard to calculate, obtaining coverage has been a complex process. …
Three companies are vying to provide workers’ compensation coverage for state agencies. Acting Insurance Commissioner Michael Riley said that that BrickStreet Mutual Insurance Co., Chartis, and Zurich Insurance Co. submitted bids by last Wednesday’s deadline. Riley says the contract is …
Insurance agents and brokers think that their insurance carriers may be out of touch with what the small business segment needs. For one, carriers have been busy coming out with new products and coverage enhancements for small businesses, but agents …
