Zurich Insurance Expects $550M Hit From Hurricane Ian, but On Track to Beat Targets November 10, 2022 By Michael Shields and Carolyn Cohn Zurich Insurance Group expects a net $550 million pre-tax hit from Hurricane Ian, Europe’s fifth-largest insurer said on Thursday, though...
Zurich Insurance CEO Backs Carbon Tax and Public-Private Cyber Partnership August 13, 2021 By Paul Arnold and Michael Shields Zurich Insurance Chief Executive Mario Greco wants governments to levy a carbon tax and remove the incentive for socially irresponsible...
Zurich Insurance Expects Limited Exposure to Greensill Collapse May 12, 2021 By Carolyn Cohn and Michael Shields Zurich Insurance does not expect to have a major exposure to the failure of supply chain financing firm Greensill Capital,...
Early Claims and Crash Tests Suggest Risks of Luxury, SUV Electric Vehicles August 23, 2019 By Michael Shields Electric luxury cars and sport utility vehicles (SUVs) may be 40% more likely to cause accidents than their standard engine...
Zurich Insurance on Track to Meet 2019 Targets, Sees Positive P/C Pricing Trends May 9, 2019 By Michael Shields Zurich Insurance is on track to meet or beat its financial targets to 2019 and is seeing positive trends in...
Swiss Re’s Q1 Profit of $429M Hit by Natural Catastrophes, Boeing Crash May 3, 2019 By Michael Shields Reinsurer Swiss Re AG’s reported an unexpected 6 percent fall in quarterly net profit on Friday as claims from large...
Cyber Attacks Pose Biggest Threat to Swiss Financial System: Regulator March 27, 2018 By Michael Shields Cyber attacks pose the biggest threat to the Swiss financial system with risks from hacking incursions on the rise, watchdog...
Senn, Ex-CEO of Zurich Insurance, Commits Suicide May 30, 2016 By Michael Shields and Paul Arnold Former Zurich Insurance boss Martin Senn has committed suicide six months after leaving the company under a cloud, a tragedy...
U.S. Official Calls for Legal Framework to Fight Cyber Crime July 5, 2011 By Michael Shields Cyber criminals are outwitting national and international legal systems that fail to embrace technological advances, a top U.S. official said...
U.S. Calls for Cross-Border Laws to Counter Cyber Attacks July 1, 2011 By Michael Shields Cyber criminals are outwitting national and international legal systems that fail to embrace technological advances, a top U.S. official said...