Social Polarization, Inequality Raise Potential for Risk, Disruption: WEF January 12, 2017 By Alex Morales Rising inequality and social polarization are set to shape world developments for the next decade after contributing to Britain’s decision...
XL Catlin Invests $4M in Insurtech Microinsurance Startup, Stonestep December 19, 2016 XL Catlin’s venture fund, XL Innovate, committed $4 million in first-round financing to Stonestep, a property/casualty insurtech startup looking to...
Zurich Insurance Agrees to Acquire Australia’s Biggest Travel Insurer for $551M December 12, 2016 By Jamie Freed Switzerland’s Zurich Insurance Group has agreed to buy Australia’s biggest travel insurance provider, Cover-More Group, for A$741 million ($551 million),...
Cyber Risk Awareness Rises Among SMEs: Zurich Survey November 29, 2016 One way to reduce cyber risks is to boost awareness of them. In that regard, Zurich Insurance Group says, there...
ANZ’s Life Unit Attracts Interest from Suitors in Japan & Hong Kong: Sources November 18, 2016 By Jamie Freed, Saeed Azhar and Taiga Uranaka Australia and New Zealand Banking Group’s sale of its life insurance and wealth business, which has been valued at $3.33...
Zurich to Cut Costs by $1.5B with Simplification ‘Name of Game’: CEO Greco November 17, 2016 By Jan-Henrik Förster and Jeffrey Vögeli Zurich Insurance Group AG plans to cut costs by $1.5 billion from 2015 through 2019 as Chief Executive Officer Mario...
Zurich’s Re-Underwriting Program Begins to Bear Fruit – in Its Financials November 16, 2016 By L.S. Howard Zurich Insurance Group’s re-underwriting program is starting to bear fruit – as evidenced by the company’s improved third-quarter results –...
Climate Change Is Major Concern for 78% of SMEs: Zurich Report November 4, 2016 Climate change is a major concern for small and medium-sized enterprises (SMEs), according to Zurich Insurance Group’s fourth annual global...
Zurich Launches Commercial Insurance Unit; Shea Named as Head September 21, 2016 By Jeffrey Vögeli Zurich Insurance Group AG named James Shea to head a new unit that will combine its global corporate and commercial...
Europe’s Top Cedents Saw Cessions Jump by Double Digits in 2015: A.M. Best September 8, 2016 Europe’s top cedents reported a double-digit hike in cessions for 2015 compared to the previous year. The trend stems from...