Zurich Insurance Group News

Climate Change, Migration Top List of Global Risks: WEF Survey

Climate change and large-scale forced migration are the greatest risks facing the world according to a survey by the World Economic Forum, the organizer of next week’s meeting in Davos. The 2016 report, published Thursday, highlighted the most significant threats …

France’s CNP Assurances in Talks to Buy BTG’s Brazil Insurance Units

French insurer CNP Assurances has entered exclusive talks with Grupo BTG Pactual SA to buy its 51 percent stake in Brazilian insurer Pan Seguros, two sources familiar with the matter said on Tuesday. CNP Assurances has offered 1.6 billion Brazilian …

Generali Investors Rattled About Report that Zurich Intends to Poach CEO Greco

Uncertainty over whether Mario Greco will stay on as chief executive of Generali rattled investors in Italy’s top insurer on Monday after a Swiss newspaper reported rival Zurich Insurance was set to poach him. Speculation that Greco, who ran the …

Zurich Insurance to Appoint Generali’s Greco as CEO: Swiss Newspaper

Zurich Insurance Group AG will appoint Mario Greco, the head of its Italian rival Assicurazioni Generali SpA, as chief executive officer, Swiss newspaper SonntagsZeitung reported, without saying how it got the information. While Greco, an insurance-industry veteran, hasn’t yet been …

Zurich Insurance Increases Job Cuts, Relocations by 1,800

Zurich Insurance Group AG, Switzerland’s biggest insurer, is increasing job cuts and relocations to a total of at least 1,800 at the company reduces costs and overhauls its biggest unit. The company will move 300 positions in group operations out …

Zurich CEO Senn’s Departure May End Era of Generous Dividends

As Zurich Insurance Group AG begins the search for a chief executive officer, investors may need to prepare for more than a new face. An end to the company’s generous dividends could also be on the horizon. Switzerland’s biggest insurer …

Zurich CEO Senn Resigns; de Swaan Appointed to Interim Role After ‘Setbacks’

Zurich Insurance Group AG’s Chief Executive Officer Martin Senn resigned, acknowledging “setbacks” in recent months as losses forced the company to abandon a high-profile takeover bid for RSA Insurance Group Plc. Chairman Tom de Swaan has been named interim CEO …

Tianjin Port Explosions to Cost Industry at Least $2 Billion: Insurer Filings

Insurer Talanx AG’s $122 million loss from port explosions at Tianjin, one of China’s worst industrial disasters, takes the net hit incurred by insurers across Europe, the U.S., Bermuda and Asia to almost $2 billion, according to filings by 26 …

Zurich Insurance Plans to Replace CEO Senn, Reports Swiss Magazine

Zurich Insurance Group AG is seeking to replace Chief Executive Officer Martin Senn after third-quarter losses forced it to abandon its bid for Britain’s RSA Insurance Group Plc, according to a Swiss business magazine. Switzerland’s biggest insurer has hired the …

Zurich to Cut 440 Jobs at U.K. P&C Insurance Unit as Part of Cost-Cutting Program

Zurich Insurance Group AG plans to cut 440 jobs at its U.K. general insurance unit as part of a cost- cutting program. Zurich is also seeking to simplify its organizational structure, the company said in a statement to Bloomberg News …