Zurich to Cut Costs by $1.5B with Simplification ‘Name of Game’: CEO Greco November 17, 2016 By Jan-Henrik Förster and Jeffrey Vögeli Zurich Insurance Group AG plans to cut costs by $1.5 billion from 2015 through 2019 as Chief Executive Officer Mario...
Zurich’s Re-Underwriting Program Begins to Bear Fruit – in Its Financials November 16, 2016 By L.S. Howard Zurich Insurance Group’s re-underwriting program is starting to bear fruit – as evidenced by the company’s improved third-quarter results –...
Climate Change Is Major Concern for 78% of SMEs: Zurich Report November 4, 2016 Climate change is a major concern for small and medium-sized enterprises (SMEs), according to Zurich Insurance Group’s fourth annual global...
Zurich Launches Commercial Insurance Unit; Shea Named as Head September 21, 2016 By Jeffrey Vögeli Zurich Insurance Group AG named James Shea to head a new unit that will combine its global corporate and commercial...
Europe’s Top Cedents Saw Cessions Jump by Double Digits in 2015: A.M. Best September 8, 2016 Europe’s top cedents reported a double-digit hike in cessions for 2015 compared to the previous year. The trend stems from...
Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs August 23, 2016 By Oliver Suess and Jan-Henrik Förster It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors...
Zurich Insurance (Hong Kong) Appoints Chiu as Head of Global Corporate Division August 19, 2016 Zurich Insurance (Hong Kong) has appointed Philip Chiu as the head of its Global Corporate Division, in a move from...
Towergate Forms £30M, 5-Year Partnership with Yacht Specialist N&G (Zurich Unit) August 19, 2016 Towergate and Navigators & General (N&G), a part of the Zurich Group, have signed a strategic partnership under which N&G...
Brazilian Corruption Probes Lead to D&O Market Boom August 8, 2016 By Ana Mano Insurers who sell policies limiting executives’ liability from lawsuits have seen a surge in business thanks to a sprawling Brazilian...
Europe Insurers’ Stress Tests Could Lead to Higher Capital Requirements July 13, 2016 By Jan-Henrik Förster and Oliver Suess European insurers, whose profits are being eroded by Mario Draghi’s* quantitative easing program, face a stress test headache that risks...