Zurich News

Markets/Coverages: Zurich Launches Cyber for Middle Market

Zurich North America introduced a cyber insurance offering designed specifically for middle market businesses. The Zurich Cyber Insurance Policy Concierge Suite includes not only cyber Insurance coverage but also loss-prevention and resilience services such as a breach coach and a …

UN Says U.S. Concerns Have Led to Insurers Quitting Climate Alliance

The United Nations Environment Programme on Wednesday said “recent discussions within the United States” had been behind four insurance firms quitting a UN-convened alliance aimed at reducing carbon emissions in recent months. Republican federal and state lawmakers, governors, and attorneys …

Hardening Construction Market Gives Way to Rise of Captives

Amid a historically hard construction market, middle and large-sized companies looking for alternatives to traditional insurance may turn to captives to find stable pricing and greater capacity. Captives, licensed (re)insurance companies owned by their insureds, carry appeal to construction businesses …

Scientist: Climate Change Plus 3rd Straight La Niña ‘Not a Good Thing’

Climate change combined with a third consecutive La Niña is “not a good thing,” a scientist is warning. Jonathan Overpeck, a climate scientist, professor and dean of the School for Environment and Sustainability at the University of Michigan, wrote this …

People Moves: 2 Middle Market Industry Leaders at Zurich; Tadmoury Head of Global Middle Market at AFM; New EVP, Cyber Team Expands at Gallagher Re

Zurich North America names new U.S. Middle Market industry practice leaders Zurich North America has named two new industry practice leaders to its U.S. Middle Market team. Erin Terpack was appointed head of technology and manufacturing. Terpack joins Zurich from …

Insurance Technology: Zurich Adds Workplace Culture Tool; DriverPremium App Transforms Phone; Kenzen Develops Heat Wearable

Zurich Resilience Solutions Combats Toxic Work Culture Zurich Resilience Solutions (ZRS) in North America is now offering customers a platform that can help them combat toxic work cultures and improve employee retention. The offering is a collaboration with Work Shield, …

People Moves: Quigley Ascot’s Surety Lead; Olson Named Zurich N.A. Head of Programs

Quigley Named Ascot’s Head of Surety Ascot appointed Tara Quigley executive vice president and head of Surety. She will be responsible for developing, and managing Ascot’s Surety portfolio across the U.S. Her appointment marks the final stage of Ascot’s entry …

Wright National Offers ‘Pinpoint’ Flood Insurance Policies in Georgia

Georgia homeowners now have another choice in flood insurance. Wright National Flood Insurance Services, underwritten by Zurich American, announced it has begun offering policies in the state. Using model-based rating methods, the program can pinpoint risk house by house, the …

North Carolina Suit Could Signal Change in COVID Claims Disputes

Since the pandemic began, most of the COVID-19-related business interruption disputes have not gone in favor of the policyholders, especially in federal court. More than 90% of motions to dismiss in federal lawsuits, in fact, have been upheld in cases …

Zurich and Swiss Re Leaning Even Greener, While Gen Zers Covet Climate Jobs

Zurich is deepening emissions cuts and adding green options for customers. Zurich Insurance Group announced this week it is “taking global measures” to accelerate cuts in carbon emissions from its operations in response to climate change. Measures include new air …