Zurich Insurance News

Winners of Innovation in Insurance Awards Excel in Customer Focus, AI, Sustainability

The winners of the seventh annual Innovation in Insurance Awards excelled in customer focus, creative applications of artificial intelligence (AI) and automation as well as sustainability, according to the awards’ sponsors, Efma and Accenture. The global awards program, which recognizes …

UK Pubs Group Sues Zurich, Liberty Mutual, MS Amlin for $1.2B Over COVID BI Losses

Britain’s biggest pubs group Stonegate, which is suing Zurich Insurance and two peers for 1 billion pounds ($1.2 billion) over lockdown losses, battled the COVID-19 pandemic “day by day, venue by venue,” a London trial heard on Monday. Ben Lynch, …

Zurich Insurance to Sell Russian Business to Local Team

Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest Western firm to exit Russia. It joins a list of companies that have quit …

Zurich Reports Strong Growth in Q1, Driven by Rising Commercial Insurance Rates

Zurich Insurance Group has made a strong start to the year and expects to exceed all its financial targets for 2022, despite ongoing inflationary pressures. The company has minimal exposure to the war in Ukraine. Premium rates will continue to …

Zurich Insurance in Talks to Sell $21 Billion Portfolio to Cinven’s Viridium: Sources

Zurich Insurance Group AG is in advanced talks to sell a portfolio of German life insurance policies to Cinven’s Viridium Group, the latest transaction in a busy corner of financial dealmaking, people familiar with the matter said. The portfolio includes …

Zurich Insurance Accelerates Operational Net-Zero Target to 2030 Instead of 2050

Zurich Insurance Group announced it is bringing forward by 20 years its target to achieve net-zero emissions in its operations. It now aims to reach the goal by 2030, after implementing plans announced on March 31 last year to achieve …

Zurich Removes ‘Z’ From Social Media Branding as Russia Uses Symbol in Ukraine War

Zurich Insurance said it has removed the letter “Z” from its social media branding as a result of Russia’s use of the letter during its war in Ukraine. “The Zurich brand has been around for 150 years. It is a …

People Moves: Zurich Names UK Chief Sustainability Officer; HDI Appoints de Varax to Interim Role to Lead French Branch; Fusion Bolsters APAC M&A Team With 3 Hires

This edition of International People Moves details appointments at Zurich, HDI Global and Fusion. A summary of these new hires follows here. Zurich Names UK Chief Sustainability Officer Zurich Insurance Co. announced that Chief Operating Officer John Keppel will be …

Burn the Client or Burn the Carbon? Insurer AXA Grapples With Clean Energy Transition.

The glass tower in Paris where AXA SA, one of the world’s largest insurers, has its temporary headquarters looks as if a giant feral cat has ripped chunks out of it. In recent months that jagged feeling extends inside, too, …

Swiss Re, Allianz, Other European Financial Services Firms Turn Their Backs on Russia

Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia. The German insurer and Swiss reinsurer join banks Deutsche, Goldman Sachs and JPMorgan Chase which have exited …