Zurich has retained SecurityScorecard, a security-risk benchmarking company, to monitor its third-party cyber security risks by maximizing the security intelligence and continuous risk-collection capabilities found in the SecurityScorecard platform. SecurityScorecard’s security risk benchmarking platform will allow Zurich to conduct a …
Validus Holdings Ltd. estimates it lost just under $64 million from the Port of Tianjin explosion and recent earthquake in Chile, a number that matches its Q2 net income. Breaking down this figure, the Bermuda-based insurance and reinsurance holding company …
A.M. Besthas affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” while at the same time revising the outlook to negative from stable forZurich Insurance Company Limited(ZIC) and some of its rated affiliates. ZIC …
Small and medium-sized enterprises (SMEs) around the world are increasingly concerned about the impact of competition on margins and lack of consumer demand, according to Zurich Insurance Group’s third annual global SME survey. The survey* polled 3000 C-suite executives and …
RSA Insurance Group Plc Chief Executive Officer Stephen Hester said the company will attract bids from other suitors after Zurich Insurance Group AG abandoned its 5.6 billion-pound ($8.7 billion) offer for the British insurer. “I am sure that this company …
Zurich Insurance Group AG abandoned its proposed 5.6 billion pound ($8.7 billion) bid for British insurer RSA Insurance Group PLC on Monday after forecasting a $200 million loss in its general insurance business due to explosions at the Chinese port …
Zurich Insurance Group AG has arranged 5.5 billion pounds ($8.4 billion) in financing for the takeover of smaller rival RSA Insurance Group plc, according to people with knowledge of the plan, signaling the Swiss insurer is getting closer to proceeding …
RSA Insurance Group plc, which received a takeover approach from Zurich Insurance Group AG, agreed to sell its Latin American operations to Suramericana SA for about 403 million pounds ($620 million) in cash. The sale will be “significantly” positive for …
The professional indemnity and directors & officers insurance sector has grown constantly since 2012 and is expected to continue the upward trend until at least 2019, according to the findings of a new report by London-based business intelligence company, Timetric. …
Zurich Insurance Group AG’s announcement that it’s considering a 5.6 billion-pound ($8.8 billion) offer for RSA Insurance Group plc is leaving investors in doubt that the takeover will happen at that price. RSA rose 4.6 percent to 517.5 pence at …
