The integrity of the fast-growing “green bond” market is at risk unless a clear definition of what passes for green can be agreed, Zurich Insurance’s investment chief told the Reuters Global Climate Change Summit. The supply of green bonds, a …
Swiss Re and Hannover Re, the world’s no. 2 and 3 reinsurers, said they saw lower prices in natural disaster reinsurance and April renewals, as they beat profit expectations in the first quarter. Fewer serious natural disasters, as well as …
A fire that destroyed a workshop at a Swatch Group factory will affect other watchmakers as it supplies more than the Swiss firm itself. A break in production is likely to cut the availability of parts to an industry already …
Zurich Insurance finance chief Pierre Wauthier did not come under “undue pressure” before his suicide, the firm said on Monday, citing results of an investigation into his death that it hopes will wrap up the scandal before earnings next week. …
By rolling out television, print and billboard marketing campaigns on Monday, Zurich Insurance is aiming to advertise business as usual after a suicide and resignation in the Swiss-based insurer’s top ranks. But behind the scenes, Chief Executive Martin Senn is …
On August 14, Zurich Insurance chairman Josef Ackermann received financial chief Pierre Wauthier and head of investor relations James Quin at his office overlooking Lake Zurich to finalise the company’s second-quarter results, due for release the next day. Most of …
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 death. The insurer has …
Swiss insurers are scrambling to defend themselves against possible investigations into billions of dollars of untaxed assets held by their American clients. As Switzerland continues to seek a data-transfer deal with the United States to protect banks accused of helping …
