Swiss Re Profits Up Despite Losses from California Wildfires May 16, 2025 By Noele Illien Swiss Re AG’s profit rose in the first quarter as losses from the California wildfires were offset by positive performance...
Citi Fined by Swiss Exchange Regulator Over 2022 Fat-Finger Flash Crash March 10, 2025 By Noele Illien Citigroup Inc. was fined 500,000 Swiss francs ($568,000) by Switzerland’s stock exchange regulator for failures after a London staffer’s fat-finger...
Zurich Insurance Expands Stake in Banco Sabadell Amid BBVA Deal Bid March 7, 2025 By Jorge Zuloaga and Noele Illien Zurich Insurance Group AG has amassed a substantial stake in Banco Sabadell SA, potentially giving it more influence over an...
Zurich Insurance Sees $200 Million LA Wildfire Loss February 21, 2025 By Noele Illien Zurich Insurance Group AG is expecting pretax losses of $200 million from the January California wildfires as the insurer reported...
Swiss Insurer Helvetia Said to Mull Sale of German Operations January 7, 2025 By Jan-Henrik Förster and Noele Illien Helvetia Holding AG is considering a sale of its loss-making German insurance operations, according to people familiar with the matter....
Swiss Insurer Helvetia’s Cost-Saving Plans Will Impact About 500 Jobs: CEO December 16, 2024 By Noele Illien and Allegra Catelli Swiss insurer Helvetia plans to cut jobs and relocate some workers as part of an efficiency program aimed at saving...
Swiss Re Cuts 2024 Profit Target After Raising US Reserves November 7, 2024 By Noele Illien Swiss Re AG said it was raising reserves in its US Property & Casualty business by $2.4 billion in the...