Latest Zurich Headlines
All the headlines from our Zurich Topic Page, ordered by recency.
Zurich Insurance Reports 12% Drop in Net Income to $4.6B, but Exceeds Targets
Feb 10 2023 // Zurich Insurance Group reported net income attributable to shareholders of $4.6 billion in 2022, a 12% decrease from $5.2 billion in 2021, which was driven mainly by a lower level of capital gains, net losses on divestment...
Zurich Insurance Leads Series B Fundraise for Cyber Insurtech BOXX Insurance
Feb 7 2023 // BOXX Insurance, the Toronto-headquartered insurtech that combines cyber insurance and security, announced a US$14.4 million Series B funding round, led by Zurich Insurance Co. Ltd. This latest funding round brings the...
Zurich Insurance Emerges as Front-Runner to Buy MetLife’s Malaysia Business
Dec 9 2022 // Zurich Insurance Group AG has emerged as the front-runner to buy a majority stake in the Malaysian insurance business of US insurer MetLife Inc. and Kuala Lumpur-listed AMMB Holdings Bhd., according to people with...
Zurich Insurance Plc Plans to Redomicile From Ireland to Germany in Post-Brexit Move
Nov 22 2022 // Zurich Insurance Plc (ZIP), the Dublin-based wholly owned subsidiary of Zurich Insurance Group, plans to relocate to Germany as a result of the UK’s exit from the European Union. Since the Irish unit includes the...
Tech Update: Risk Solved and expert.ai Offer Language-to-Data Solution for Insurers; Zurich Insurance Launches Global API Marketplace
Nov 10 2022 // Risk Solved and expert.ai Offer for Language-to-Data Solution for Insurers Risk Solved Ltd, a global risk management platform provider, and expert.ai, an artificial intelligence (AI) specialist in natural language...
Zurich Insurance Expects $550M Hit From Hurricane Ian, but On Track to Beat Targets
Nov 10 2022 // Zurich Insurance Group expects a net $550 million pre-tax hit from Hurricane Ian, Europe’s fifth-largest insurer said on Thursday, though it remains on track to beat its 2020-2022 financial targets, helped by premium...
Harvard, Zurich Insurance At Odds Over $15M Coverage for Admissions Program Defense
Oct 24 2022 // Harvard University has already exhausted $25 million in insurance coverage defending its affirmative action admissions program and is in court trying to force another of its insurers to cover up to $15 million more. While...
Zurich Insurance to Sell Russian Business to Local Team
May 20 2022 // Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest Western firm to exit Russia. It joins a list of companies that have quit the...
Zurich Insurance in Talks to Sell $21 Billion Portfolio to Cinven’s Viridium: Sources
May 11 2022 // Zurich Insurance Group AG is in advanced talks to sell a portfolio of German life insurance policies to Cinven’s Viridium Group, the latest transaction in a busy corner of financial dealmaking, people familiar with...
Zurich Insurance Accelerates Operational Net-Zero Target to 2030 Instead of 2050
Apr 1 2022 // Zurich Insurance Group announced it is bringing forward by 20 years its target to achieve net-zero emissions in its operations. It now aims to reach the goal by 2030, after implementing plans announced on March 31 last...
Zurich Insurance Reports 35% Increase in 2021 Operating Profit to $5.7 Billion
Feb 10 2022 // Zurich Insurance expects continued revenue and profit growth in the next two years, its chief financial officer said on Thursday, after the Swiss insurer reported its biggest annual profit since the financial...
People Moves: Zurich North America Changes Leadership in Captives, Crop, Construction, Customer Office
Jan 18 2022 // Zurich North America announced the following changes: Jason Meador, currently head of Captives at Zurich North America, has been appointed to lead the Rural Community Insurance Services crop insurance business following...
Zurich Insurance to Sell Italian Life and Pensions Back Book to Portugal’s GamaLife
Jan 3 2022 // Zurich Insurance will release about $1.2 billion of capital by selling its Italian life and pensions back book to Portuguese insurer GamaLife, the Swiss company said on Monday. The deal will also add 11 percentage points...
People Moves: Promotions at Zurich North America, Cross Insurance; Risk Strategies Hires Bryant
Dec 22 2021 // Zurich North America Names Peterson Regional Executive for the East Region Zurich North America has named Andy Peterson as regional executive for the East region. Peterson, who has been with Zurich since 2008, will begin...
Zurich Insurance to Acquire Conversational AI Company AlphaChat
Dec 16 2021 // Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the group’s digital...
Zurich North America Doubles Down on Apprenticeship Program
Nov 18 2021 // Zurich North America announced it will significantly expand the Zurich Apprenticeship Program, doubling the number of participants in 2022. CEO Kristof Terryn said the insurer plans to hire approximately 70 apprentices in...
Update: Zurich Insurance Will No Longer Underwrite New Oil Exploration Projects
Nov 18 2021 // Zurich Insurance Group will no longer underwrite new greenfield oil exploration projects, Europe’s fifth-largest insurer said on Thursday in an investor day presentation that sought to burnish its green...
Zurich American Acquires Texas-Based Special Insurance Services
Nov 12 2021 // Zurich American Insurance Company, a provider of insurance products and services to businesses in multiple industries, has signed an agreement to acquire Special Insurance Services, Inc., a Texas-based program manager...
Cyber Insurtech BOXX Raises US$10M From Zurich Insurance and 2 Other Investors
Sep 22 2021 // BOXX, the Toronto-based cyber insurer for small businesses, individuals and families, announced it has closed its oversubscribed US$10 million (C$12.7 million) Series A-round in a bid to accelerate growth and expand its...
Zurich Insurance Weighs Selling Some Australian Non-Core Assets
Sep 17 2021 // Zurich Insurance Group AG is considering a sale of some of its general insurance assets in Australia as the Swiss firm seeks to streamline its portfolio, according to people familiar with the matter. The insurer is working...
