Zurich News
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People Moves: Zurich NA Names Higginbotham Head of Pro Liability & Cyber; FM Global CEO Appointed Board Chair; WTW Names Lombardo Named Chair of REHL Division
Apr 25 2024 // Zurich NA Names Higginbotham Head of Professional Liability & Cyber Kara Higginbotham Zurich North America, headquartered in Schaumburg, Illinois, has named Kara Higginbotham as head of professional liability and cyber...
Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination
Apr 24 2024 // Zurich North America was ordered by a California jury to pay three former employees a total of about $80.2 million to end a wrongful termination case earlier this month. Melinda Brantley, Nicholas Lardie, and Daniel Koos...
Zurich Insurance to Halt Coverage of New Fossil-Fuel Exposures
Apr 8 2024 // Zurich Insurance Group AG will no longer underwrite new oil and gas projects, and is cracking down on clients planning to expand in metallurgical coal mining. The restrictions also entail asking the highest-emitting...
Zurich Insurance Reports Record Profit, Announces $1.25B Share Buyback
Feb 22 2024 // Zurich Insurance posted a better-than-expected annual operating profit on Thursday and announced a share buyback of up to 1.1 billion Swiss francs ($1.25 billion), as insurers ride out the impact of a global pandemic, wars...
Zurich Insurance to Buy 51% in India’s Kotak General for $487 Million
Nov 2 2023 // Zurich Insurance Co. has agreed to buy a majority stake in Kotak Mahindra General Insurance Co. for 40.51 billion rupees ($487 million), including infusion of fresh capital. The Switzerland-based insurer will buy 51% stake...
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