Zurich Insurance Group AG expects to have more power to increase commercial insurance rates than it has seen in almost two decades as a shortage of supply and high natural catastrophe payouts help reverse declining premiums. “The last time this …
The European insurance sector is too fragmented but large cross-border deals are not the solution to the problem, the head of Europe’s fifth-biggest insurer Zurich said in a newspaper interview on Thursday [Nov 28]. “I don’t believe in market consolidation …
Zurich Insurance has rolled out new, industry-specific endorsements to its cyber insurance policy designed to expand coverages provided to the manufacturing industry. The endorsements were created in response to the growing threats posed to U.S. industrial firms by data breaches, …
Hong Kong’s businesses will likely foot the bill for vandalism inflicted over the past four months during the territory’s most violent protests in living memory as few of them bought insurance coverage for riot damage, industry insiders said. Businesses big …
Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy and manage policies closed to new customers. Whether Britain leaves the European Union without a deal or under a so-called hard Brexit, British …
Cyber-attacks are named as the leading risk for business executives in the United States, Canada and Europe, according to a survey of business leaders published by the World Economic Forum, in partnership with Zurich Insurance Group and Marsh & McLennan …
Zurich Insurance Group announced that Peter Giger will join the group on Oct. 1, 2019, as group chief risk officer and a member of Zurich’s Executive Committee. He succeeds Alison Martin who was recently appointed chief executive officer Europe, Middle …
By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer is set to …
DARAG Group Ltd., the Malta-based legacy acquirer, announced it has reached an agreement with Zurich Insurance plc to acquire Zurich’s German architects and engineers (A&E) professional indemnity insurance portfolio. The transaction is subject to relevant regulatory and court approvals, in …
Zurich Insurance Group AG said it expects to beat all its financial targets for the 2017-2019 period as the global insurer enters the the final stretch of a three-year turnaround. “In 2016, we gave ourselves ambitious targets and we launched …
