Latest Zurich Headlines
All the headlines from our Zurich Topic Page, ordered by recency.
Zurich Insurance Plans to Replace CEO Senn, Reports Swiss Magazine
Nov 12 2015 // Zurich Insurance Group AG is seeking to replace Chief Executive Officer Martin Senn after third-quarter losses forced it to abandon its bid for Britain’s RSA Insurance Group Plc, according to a Swiss business...
Zurich Insurance Q3 Profit Falls 79% on Losses from Tianjin Port Explosions
Nov 5 2015 // Zurich Insurance Group AG said profit fell 79 percent in the third quarter after it booked $275 million in losses from the Tianjin disaster and set aside $367 million more in reserves to cover mainly North American auto...
A.M. Best Affirms Zurich Insurance Ratings; Outlook Negative on Expected Losses
Oct 5 2015 // A.M. Besthas affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” while at the same time revising the outlook to negative from stable forZurich Insurance Company...
Workers’ Compensation Premiums Up 5.3% in First Half of 2015: Demotech
Sep 25 2015 // Workers’ compensation insurers reported a 5.3 percent increase in direct written premiums during the first six months of 2015 versus the same period in 2014, according to actuarial firm Demotech’s review of...
Zurich Insurance Offers $8.8 Billion to Acquire UK’s RSA
Aug 25 2015 // Zurich Insurance Group AG, Switzerland’s largest insurer, proposed to buy the UK’s RSA Insurance Group plc for about 5.6 billion pounds ($8.8 billion). RSA is willing to recommend the possible offer of 550...
Shareholders in UK’s RSA Bracing for Lowball Bid from Suitor Zurich Insurance
Aug 24 2015 // Shareholders in British insurer RSA are bracing for a lowball bid from prospective suitor Zurich Insurance, putting one of Europe’s largest ever insurance deals in doubt. After flagging its interest to the market on...
Blue River Underwriters Adds Experienced Leadership to Auto Dealers and USL&H Programs
Aug 19 2015 // Pictured left to right: Michael Mahoney and Susan Doyle Atlanta, GA, August 19 2015 — As part of the growth plans for its Auto Dealer and United States Longshoreman & Harbor Workers Act (USL&H) insurance...
Court Decision May Impact Workers’ Comp Side Agreements in California
Aug 17 2015 // A recent court decision may have the potential to change the practice of side agreements in workers’ compensation policies California, a practice that some say often goes on under the regulatory radar. Zurich...
Court Decision May Impact Workers’ Comp Side Agreements in California
Aug 7 2015 // A recent court decision may have the potential to change the practice of side agreements in workers’ compensation policies California, a practice that some say often goes on under the regulatory radar. Zurich...
Zurich Insurance’s Investors Grow Impatient with CEO Senn’s Strategy
Aug 7 2015 // Martin Senn, Zurich Insurance Group AG’s chief executive officer, is considering a bid for RSA Insurance Group plc, one of the U.K.’s biggest insurers, after a cost-cutting program failed to revive returns for...
Zurich Insurance Prepares Financing Ahead of Possible Offer for RSA: Sources
Aug 3 2015 // Zurich Insurance Group AG is raising financing ahead of a possible takeover offer for RSA Insurance Group, according to people familiar with the matter. The Swiss insurer is talking to banks about raising more than $4...
Zurich Insurance Confirms Offer for RSA – if Made – Would Be in Cash
Jul 29 2015 // Zurich Insurance Group AG said any offer for RSA Insurance Group would be in cash. Wednesday’s statement from Zurich means “there’s a very high likelihood that it will come through with an offer in the...
Zurich Insurance Considering Bid for UK’s RSA
Jul 28 2015 // Cash-rich Zurich Insurance is weighing a bid for British rival RSA Insurance Group which could top $8 billion and be the latest industry tie-up amid toughening regulations. The impending launch of new European rules...
Illinois’ Harper College, Zurich Team Up for Insurance Apprenticeship Program
Jul 6 2015 // A Chicago-area community college and a global insurance company are creating what they believe is the first-of-its-kind insurance apprenticeship program in the United States and one they hope will become an industry...
Illinois’ Harper College to Host Zurich’s Apprenticeship Program
Jun 18 2015 // A global insurance company is teaming up with a Chicago-area community college to create what they believe is the first-of-its-kind insurance apprenticeship program in the United States and one they hope will become an...
Zurich Insurance Plans Insurance Apprenticeship Program in U.S.
Jun 18 2015 // Zurich Insurance Group plans to establish an apprenticeship program in the U.S. to help attract and train young people for careers in the insurance industry. Zurich said it is committed to putting into practice a program...
Zurich Insurance Shares Drop as 4th Quarter Profit Drops 20%
Feb 12 2015 // Zurich Insurance Group AG, Switzerland’s biggest insurer, fell short of an earnings target as fourth- quarter profit fell 20 percent on lower income from the general insurance unit. The shares declined. Net income...
Zurich North America Appoints McCafferty Head of Group Captives
Dec 30 2014 // Schaumburg, Ill.-based Zurich North America has appointed Terry McCafferty as head of group captives, a key strategic business unit of Programs & Direct Markets. Terry McCafferty In his new role, effective Feb. 1,...
Zurich Insurance to Offer Direct Lending in Europe to Boost Returns
Dec 16 2014 // Zurich Insurance Group AG, Switzerland’s largest insurer, is about to make its first investments in European direct lending, including infrastructure debt. The insurer wants to lend to small to medium-sized European...
Zurich North America Names Shults as South Regional Executive
Nov 10 2014 // Commercial insurer Zurich North America has named Mark Shults regional executive for the South in marketing, distribution and regional management. His office is in Atlanta. In his new role, Shults will lead the Zurich...
