Latest Zurich Headlines
All the headlines from our Zurich Topic Page, ordered by recency.
Former Zurich Chair Ackermann Quits Siemens, Refutes Influence in CFO Suicide
Sep 12 2013 // Josef Ackermann will step down from Siemens AG’s supervisory board, two weeks after he resigned as chairman of Zurich Insurance Group AG following his naming in the suicide note of finance chief Pierre Wauthier. The...
Zurich Insurance CFO Named Ackermann in Suicide Note
Aug 29 2013 // The finance chief of Zurich Insurance, Pierre Wauthier, named chairman Josef Ackermann in his suicide note, the company confirmed on Friday as it pledged to investigate whether he had been put under undue strain before his...
Zurich Group Chairman Resigns After CFO’s Suicide
Aug 29 2013 // Zurich Insurance Group AG Chairman Josef Ackermann resigned after the company’s finance chief died in a suspected suicide. “The unexpected death of Pierre Wauthier has deeply shocked me,” Ackermann, 65,...
Zurich Insurance CFO Wauthier Committed Suicide: Police
Aug 27 2013 // Pierre Wauthier, chief financial officer of Zurich Insurance Group AG, probably committed suicide at his home, according to police. He was 53. An autopsy to determine the cause of death “clearly pointed to a...
Zurich Insurance CFO Wauthier Found Dead
Aug 26 2013 // Zurich Insurance Group AG, the biggest Swiss insurer, said Chief Financial Officer Pierre Wauthier was found dead at his home this morning. The police are investigating the exact circumstances of his death, the...
Zurich Insurance Profit Drops After Natural Disaster Losses
Aug 15 2013 // Zurich Insurance Group AG, the biggest Swiss insurer, said the target for its general insurance business was “challenging” after natural catastrophe losses cut second-quarter profit by 27 percent. Net income...
New China Life Falls as Zurich Insurance Sells Shares
Jul 12 2013 // New China Life Insurance Co. fell by the most in almost a year in Hong Kong after Zurich Insurance Co. sold 97.5 million shares in the third-biggest Chinese life insurer by premium income last year. The stock dropped 6.4...
Zurich American to Refund $4.56M to Disability Policyholders in New York
Apr 23 2013 // New York Gov. Andrew Cuomo announced that Zurich American Insurance Company has agreed to refund $4.56 million to policyholders of its New York statutory disability insurance policies because the insurer failed to spend at...
Zurich, Swiss Re in $270 Million Excess of Loss Deal for No. Am. Quake Coverage
Jan 4 2013 // Zurich Insurance Group and Swiss Re have announced that Zurich has obtained, through its subsidiaries Zurich American Insurance Company and Zurich Insurance Company Ltd, a 3-year $270 million catastrophe excess of loss...
Ratings Recap: Zurich America, Prism, FAIRCO, American Standard
Nov 30 2012 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Illinois-based Zurich American Insurance Company (Zurich US) and its...
Best Affirms Zurich Insurance and Group ‘A+’ Ratings; Outlook Stable
Nov 28 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Swiss-based Zurich Insurance Company Limited...
Zurich Insurance Group Posts $2.2 Billion 1st Half Net Income
Aug 16 2012 // Zurich Insurance Group posted a $2.2 billion net after tax income available to shareholders. Other selected highlights from the earnings report are as follows: Q2 2012 Q2 2011 Business operating profit...
Zurich Insurance to Add 150 Jobs in Chicago
Jul 24 2012 // Zurich Insurance plans to add 150 jobs to its workforce in Chicago. Zurich is a commercial property-casualty insurance provider that already has 350 employees in the city. Chicago Mayor Rahm Emanuel announced the...
Former Zurich North America Executive Gilway to Head Florida’s Citizens
Jun 14 2012 // Florida’s state-backed homeowners insurer has reached into the private sector for its new president, selecting an experienced insurance executive and consultant. The Citizens Property Insurance Corp. board of...
Zurich’s Name Change to Zurich Insurance Group Now Official
Apr 11 2012 // Zurich Financial Services Group has announced that the name change from Zurich Financial Services Ltd to Zurich Insurance Group Ltd “has become effective upon entry in the commercial register of the canton of...
Zurich Board Proposes Name Change to Zurich Insurance Group
Feb 16 2012 // Zurich Financial Services Group announced that its board of directors will propose a name change on March 29, 2012 that will reflect that it has streamlined its business portfolio to concentrate on insurance over the last...
Best Affirms Zurich American and Subs ‘A+’ Ratings; Outlook Stable
Nov 22 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Zurich American Insurance Company (Zurich US), headquartered in...
Best Affirms Zurich Insurance ‘A+’ Ratings; Outlook Stable
Nov 21 2011 // 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),...
Dowdy to Lead Zurich North America Railroad Insurance Practice
Nov 3 2011 // 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...
Merkel Appointed Regional Chief Underwriting Officer at Zurich North America
Oct 21 2011 // 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...
