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Zurich Insurance Reports Record Profit, Announces $1.25B Share Buyback

Feb 22 2024 // Zurich Insurance posted a better-than-expected annual operating profit on Thursday and announced a share buyback of up to 1.1 billion Swiss francs ($1.25 billion), as insurers ride out the impact of a global pandemic, wars...

Zurich Insurance to Buy 51% in India’s Kotak General for $487 Million

Nov 2 2023 // Zurich Insurance Co. has agreed to buy a majority stake in Kotak Mahindra General Insurance Co. for 40.51 billion rupees ($487 million), including infusion of fresh capital. The Switzerland-based insurer will buy 51% stake...

Zurich American Off the Hook on Harvard’s Legal Costs in Affirmative Action Case

Aug 10 2023 // Even the smartest institutions in the land can miss deadlines – and can lose $15 million in insurance coverage because of it, a federal appeals court decided Wednesday. The U.S. 1st Circuit Court of Appeals upheld a...

Update: Zurich Insurance CEO Criticizes Climate Alliances After Exodus

Aug 10 2023 // The chief executive officer of Zurich Insurance Group AG has spoken out against the network of voluntary climate alliances that represent some of the biggest names in global finance, calling them “political and...

Greensill Sues Zurich Insurance for $400 Million to Recoup Losses

Aug 9 2023 // Greensill Bank AG’s administrators are seeking more than $400 million from Zurich Insurance Plc in London lawsuits to recoup the defunct lender’s losses on controversial investments linked to Credit Suisse and...

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