Zurich Insurance News

Zurich Insurance Weighs Selling Some Australian Non-Core Assets

Zurich Insurance Group AG is considering a sale of some of its general insurance assets in Australia as the Swiss firm seeks to streamline its portfolio, according to people familiar with the matter. The insurer is working with an adviser …

People Moves: AXA XL’s Coletti Heads Swiss Re’s New Cyber U/W Team; Zurich Promotes Mantero to Chief Strategy Officer; Everest Names Citigroup’s Modin Pres., Mt. Logan Re

This edition of International People Moves covers appointments at Swiss Re, Zurich Insurance and Everest Re Group subsidiary, Mt. Logan Re. A summary of these new hires follows. AXA XL’s Coletti Joins Swiss Re as Head of New Central Cyber …

People Moves: QBE Hires Swiss Re’s Mejia for LatAm Property U/W; Zurich Names Kasahara Chief Data Officer; Occam’s Green Joins Rokstone to Head Power Generation

This edition of International People Moves details appointments at QBE International, Zurich Insurance, and MGA Rokstone. A summary of these new hires follows here. QBE International Appoints Mejia as VP of Property Underwriting, LatAm QBE International has ramped up its …

Zurich Insurance CEO Backs Carbon Tax and Public-Private Cyber Partnership

Zurich Insurance Chief Executive Mario Greco wants governments to levy a carbon tax and remove the incentive for socially irresponsible companies to maximize profits by polluting the environment, he told Reuters. Europe’s fifth-largest insurer has already taken steps to clean …

Zurich Insurance Reports Strong Surge in Earnings as COVID-19 Impact Eases

Zurich Insurance Group’s on Thursday joined other big European insurers in reporting a strong rebound in earnings as the impact from COVID-19 on their businesses eased. Buoyant markets along with higher policy sales helped the insurers’ profits to roar back …

Zurich Insurance Nearing Deal to Buy Deutsche Bank’s Italian Advisers Unit: Sources

Zurich Insurance Group AG is nearing a deal to buy Deutsche Bank AG’s Italian financial promoters network, according to people familiar with the matter. Zurich has emerged as the leading candidate to buy DB Financial Advisors in a deal that …

Britain’s Largest Pub Group Launches Billion-Dollar Suit over COVID-Related BI Claim

Britain’s largest pub group, Stonegate Pub Group Co., sued three insurers for 846 million pounds ($1.2 billion) over losses it suffered after being forced to shut during the coronavirus pandemic. Owned by TDR Capital, the company filed a suit against …

Swiss Markets Watchdog FINMA Names Angehrn from Zurich Insurance as Next CEO

ZURICH – Switzerland’s markets watchdog FINMA on Tuesday named Zurich Insurance chief investment officer Urban Angehrn as its new boss, tapping an insurance industry veteran to lead the financial supervisor. Angehrn will take charge at the Swiss markets authority as …

Eight Leading Insurers and Reinsurers Launch Net-Zero Climate Alliance

Eight of the world’s leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition to a net zero emissions economy. The companies, which include Europe’s top three insurers by premiums – Allianz, AXA and …

People Moves: PartnerRe’s Hanhart to AXIS Re; Zurich Names Verkerk to New Role of Chief Platform Officer; PwC’s Maxwell to MS Amlin as CRO

These International People Moves include appointments at AXIS Re, Zurich Insurance Group and MS Amlin. Details of these new hires follows. AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced that Nicole Hanhart has joined AXIS Re …