Zurich Financial Services Group announced that Zurich Insurance Ireland Limited (ZIIL), the Group’s Dublin-based European general insurance risk carrier, will be changing its name and incorporation status to Zurich Insurance Public Limited Company (ZIP), as of January 1, 2009.
In May Zurich announced that, Markus Hongler, currently CEO of Zurich Switzerland, had been appointed CEO of ZIP (See IJ web site – https://www.insurancejournal.com/news/international/2008/05/28/90383.htm). He will take over as of the first of January.
“Markus has achieved tremendous results in his current function,” sated Annette Court, CEO, Europe General Insurance (EGI) and Chair of ZIP’s board of Directors. “With his immense knowledge of the European insurance market he will help to drive our European efforts to the next level.”
Thomas Hürlimann, Zurich’s CEO – Global Corporate explained: “This name change will better reflect the increasingly European nature of the entity.”
Zurich also noted that the change of status to ZIP will not change any business relationships, credit ratings or mode of operations. Documentation for all ZIP branches will be updated to reflect this change of name.”
Source: Zurich Financial – www.zurich.com
Topics Europe
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