Latest Zurich Headlines
All the headlines from our Zurich Topic Page, ordered by recency.
Ex-Zurich Insurance CEO, Goldman Lead Director James Schiro Dies
Aug 18 2014 // The former head of Zurich Insurance and lead director of Goldman Sachs, James Schiro has died at the age of 68, the bank said. The American citizen, who also served on the boards of Pepsico and Reva Medical, had retired...
Zurich Insurance Profit Rises 6% on Fewer Catastrophe Claims
Aug 7 2014 // Zurich Insurance Group AG, Switzerland’s largest insurer, said second-quarter profit rose 6 percent as it took fewer losses from natural catastrophes. Net income rose to $837 million from $789 million a year earlier,...
Zurich Insurance to Double Green Bonds to $2 Billion on European Growth
Jul 14 2014 // Zurich Insurance Group AG, Switzerland’s largest insurer, doubled its planned investment in green bonds, citing their growing appeal in Europe. The company said in November that it wanted to invest as much as $1...
Zurich Insurance to Take $300 Million Loss on Russian Unit Sale
Jul 3 2014 // Zurich Insurance Group AG, the largest Swiss insurer, said the sale of its Russian retail unit will lead to an estimated loss of about $300 million. The insurer said it is selling the business to Moscow-based Olma Group...
Zurich Insurance Q1 Profit Up 20%
May 15 2014 // Zurich Insurance Group AG, the biggest Swiss insurer, said first-quarter profit rose 20 percent, helped by capital gains on investments. Net income rose to $1.27 billion from $1.06 billion in the year-earlier period, the...
Hahn to Lead Predictive Analytics at Zurich North America
May 2 2014 // Property and casualty insurance provider Zurich North America, based in Schaumburg, Ill., appointed Peter Hahn as head of predictive analytics. Hahn comes to Zurich from McKinsey & Company Inc., where he led the...
Sony Units Lose Ruling in CGL Policy Coverage Dispute
Mar 24 2014 // A New York trial court recently ruled in a commercial general liability (CGL) policy coverage case that Zurich American Insurance Co. has no duty to defend Sony Corp. of America and Sony Computer Entertainment America in...
N.Y. Court: Zurich Not Obligated to Defend Sony Units in Data Breach Litigation
Mar 17 2014 // A New York trial court recently ruled in a commercial general liability (CGL) policy coverage case that Zurich American Insurance Co. has no duty to defend Sony Corp. of America and Sony Computer Entertainment America in...
Zurich Insurance to Cut Up to 800 Jobs to Save $250 Million
Mar 11 2014 // Zurich Insurance Group AG, the biggest Swiss insurer, plans to save $250 million annually by cutting as many as 800 jobs after lowering its profit goal in December, the company said. Zurich plans to remove management...
Zurich Insurance $1.07 Bn Q4 Profit Misses Estimates after Restructuring
Feb 13 2014 // Zurich Insurance Group AG, the biggest Swiss insurer, reported fourth-quarter profit that missed analysts’ estimates after restructuring charges following a business review. Net income rose 9 percent to $1.07...
Zurich NA’s Mayers Accepted as a Fellow for Chicago Economic Growth Plan
Jan 9 2014 // Zurich North America announced that Taffy Jo Mayers, regional sales director for the Midwest region, has been accepted as a fellow for World Business Chicago’s Plan for Economic Growth and Jobs. The Plan is a...
Zurich Insurance Seeking to Increase Sales to Corporate Clients
Dec 23 2013 // Zurich Insurance Group AG, Switzerland’s biggest insurer, says a business unit selling insurance to corporate clients will become more important as the companies expand abroad. “Companies growing beyond their...
Zurich Insurance Seeks Growth beyond Car Coverage in Germany
Dec 6 2013 // Zurich Insurance Group AG’s German unit, which sells auto insurance with the country’s ADAC automobile club, plans to offer a wider range of policies after reducing coverage following a surprise write-off last...
Zurich Insurance Lowers Profit Target; Signals Business Sale
Dec 5 2013 // Zurich Insurance Group AG, Switzerland’s largest insurer, lowered its profit goal as Chief Executive Officer Martin Senn signaled he’s ready to sell some businesses to bolster earnings growth. Zurich Insurance...
Zurich North America Names Barrett Senior VP on Trade Credit Insurance Team
Nov 27 2013 // Zurich in North America has announced the appointment of Anthony Barrett as senior vice president and head of Short Term Multi-Buyer Trade Credit Insurance. Barrett, a 28-year industry veteran, is based in New York City...
Zurich Insurance Seeks $943 Million for Stake in New China Life
Nov 20 2013 // Zurich Insurance Group AG is selling its entire stake in New China Life Insurance Co. for $943 million, or HK$25 a share, according to the terms of the deal obtained by Bloomberg News. Switzerland’s biggest insurer...
Zurich Insurance Boosts Investment in Clean Energy Bonds
Nov 18 2013 // Zurich Insurance Group AG, Switzerland’s biggest insurer, said it will spend as much as $1 billion on green bonds, making it the largest investor in such clean-power securities. The insurer has appointed BlackRock...
Zurich Insurance Reports Profit Rebound
Nov 15 2013 // Zurich Insurance Group AG, Switzerland’s biggest insurer, said third-quarter profit rose 64 percent, beating analyst estimates, after a write-off related to its German business hurt earnings a year earlier. Net...
Zurich Insurance Says ‘Confident’ on Profitability Measure
Oct 31 2013 // Zurich Insurance Group AG, Switzerland’s biggest insurer [3rd largest in Europe], said it is still “confident” its non-life unit can improve a profitability target with cost cutting after it announced in...
Zurich Insurance Appoints de Swaan Chairman, Replacing Ackermann
Sep 12 2013 // Zurich Insurance Group AG named Tom de Swaan chairman, replacing Josef Ackermann, who stepped down after the suicide of Chief Financial Officer Pierre Wauthier. Fred Kindle, 54, chairman of Exova Holdings Ltd. and former...
