Zurich CEO Mario Greco News

Zurich Insurance Reports 24% Jump in 2018 Net Income Driven by Life, P/C Units

Zurich Insurance’s reported 2018 net income after tax of $3.72 billion, a 24 percent jump from $3.0 billion it reported in 2017 – primarily driven by growth in its life business and improved underwriting in its property and casualty business. …

Zurich’s H1 Net Income Rises 19%, Getting Boost from P/C Unit

Zurich Insurance Group AG got a boost from its property & casualty business, putting the company on track to meet Chief Executive Officer Mario Greco’s three-year restructuring goals. The Swiss insurer’s biggest unit saw higher profit and posted a lower …

Zurich Insurance Raises Dividend as Cost Cuts Bear Fruit

Zurich Insurance Group AG overcame a record year for natural-disaster claims in the industry to deliver its first dividend increase since 2011. The shares rose the most since August 2016. Switzerland’s biggest insurer raised its dividend for 2017 by 6 …

Zurich’s Acquisition of ANZ Life Unit Designed to Boost Dividends

Zurich Insurance Group AG’s decision to acquire the life-insurance businesses of Australia & New Zealand Banking Group Ltd. should help Switzerland’s biggest insurer fulfill its ambition to increase its dividend. Already famous as a dividend stock, Zurich signaled last month …

Zurich Insurance to Acquire ANZ’s Life Businesses in Australia for US$2.14B

Zurich Insurance Group announced that it has entered into an agreement to acquire 100 percent of ANZ’s life insurance businesses, OnePath Life, in Australia, for A$2.85 billion (US$2.14 billion). Both parties expect the transaction, which is subject to regulatory approval, …

Zurich Insurance ‘On Track’ to Cut $1.5B in Costs by 2019: News Report

Zurich Insurance will have cut costs by $700 million by the end of the year, nearly halfway to its goal to save $1.5 billion by 2019, Chief Executive Mario Greco said in an interview published on Saturday. “We’re on track,” …

Zurich Reports 21% Hike in Net Income as Restructuring Program Takes Hold

Zurich Insurance says its restructuring program is on track to achieve its goals over the next few years, continuing its work on cutting expenses, stabilizing its property and casualty business and rebalancing its portfolio. The proof is in the numbers. …

Opinion: Why Is Zurich Seeking Shareholder Permission to Raise Money?

Zurich Insurance Group AG wants more freedom from its shareholders to raise money quickly. That’s odd. Switzerland’s largest insurer has no capital hole that needs filling. The move suggests newish CEO Mario Greco may be concerned about missing out on …

Update: Zurich Returns to Profit in Q4 2016 with Net Income of $685M

Zurich Insurance Group AG fell in Zurich trading after posting a quarterly profit supported by one-time gains as Chief Executive Officer Mario Greco presses ahead with an overhaul of Switzerland’s largest insurer. Net income for the three months through December …

Intesa’s Interest in Generali Merger Has ‘No Obvious Logic’: Opinion

Intesa Sanpaolo SpA’s interest in combining with insurer Assicurazioni Generali SpA has no obvious logic to it. If the lender has a cunning plan to make it work, it needs to reveal it. For now, Intesa says simply that it’s …