As Switzerland’s Glaciers Melt, Alpine Nation Backs Climate Bill With Net Zero Target June 20, 2023 A majority of Swiss citizens on Sunday voted in favor of a bill aimed at introducing new climate measures to...
Insurance Sector Set to Overtake Banking in Switzerland May 11, 2017 By Joshua Franklin Switzerland’s financial center is in the midst of a power shift. The Alpine country’s less fashionable insurers, long overshadowed by...
Executive Suicides Shock Swiss Business Community June 3, 2016 By John Miller and John O'Donnell An unusual number of suicides by top executives in Switzerland has prompted introspection in its business community over how senior...
Run-Off Specialty Firm Catalina Agrees to Buy Allianz Suisse Re from Allianz SE October 8, 2015 Catalina Holdings (Bermuda) Ltd. announced its wholly owned Swiss subsidiary, Glacier Reinsurance AG, has signed a definitive agreement to acquire...
Switzerland Is 1st Nation to Lift Iran Sanctions; Re/Insurer Policies Affected August 13, 2015 By Zoe Schneeweiss Switzerland is lifting sanctions against Iran after the Gulf state sealed a historic accord with world powers to curb its...
Zurich Q2 Net Income Falls to $840M From $848M; CEO Weighs RSA Offer August 6, 2015 By Jeffrey Vögeli Zurich Insurance Group AG, the Swiss firm considering a bid for the UK’s RSA Insurance Group plc, reported profit that...
ACE Q2 Profit Climbs in First Earnings Report After Chubb Announcement July 22, 2015 By Sonali Basak ACE Ltd., the insurer that agreed this month to acquire Chubb Corp., said second-quarter profit rose 21 percent as policy...
Ruoff Appointed Chief Executive Officer of Tokio Millennium Re April 2, 2015 Stephan Ruoff has been appointed chief executive officer of Tokio Millennium Re AG (TMR), a Zurich-based subsidiary of Tokio Marine...
Best Affirms Zurich Insurance and Group ‘A+’ Ratings; Outlook Stable November 28, 2012 A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating...
Best Affirms Catlin Group and Subs ‘A’ Ratings; Outlook Stable September 14, 2012 A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit...