Zurich Insurance Reports Record Profit, Announces $1.25B Share Buyback February 22, 2024 By Carolyn Cohn and Miranda Murray Zurich Insurance posted a better-than-expected annual operating profit on Thursday and announced a share buyback of up to 1.1 billion...
Lex Greensill’s Fraud Means Zurich Can’t Payout $400 Million, Insurer Argues February 6, 2024 By Upmanyu Trivedi Lex Greensill’s fraud and “conspiracy” with commodities tycoon Sanjeev Gupta should prevent the financier’s collapsed bank from making a $400...
Extreme Weather and Misinformation Top Global Risks: World Economic Forum January 10, 2024 By Victoria Waldersee Risk specialists see extreme weather and misinformation as most likely to trigger a global crisis in the next couple of...
Top International Insurance Journal Stories of 2023 December 29, 2023 By L.S. Howard Yes, another year has flown by, and it’s once again time for the top international Insurance Journal stories of 2023....
Some UK Financial Services Firms Keep Flexible Working to Boost Women in Workforce December 15, 2023 By Olivia Konotey-Ahulu As firms across the City of London consider clamping down on working from home, Schroders Plc is sticking to its...
Zurich’s Farmers Group Seeks More Fee Income Via Acquisition of 3 Brokers for $760M November 16, 2023 By L.S. Howard Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the...
Update – Economic Threats Top List of G20 Business Leaders’ Concerns: WEF Survey November 14, 2023 Economic and societal threats – such as an economic downturn, inflation, and an erosion of social cohesion – rank among...
Zurich Insurance to Buy 51% in India’s Kotak General for $487 Million November 2, 2023 By Saket Sundria Zurich Insurance Co. has agreed to buy a majority stake in Kotak Mahindra General Insurance Co. for 40.51 billion rupees...
People Moves: Zurich Nordic Promotes Fritz to CEO; Arch Taps Cyber U/Ws From Tokio Marine and AIG; Liberty Names RSA’s Furlan as Head of Casualty, Europe October 18, 2023 This edition of International People Moves details appointments at Zurich Insurance, Arch Insurance and Liberty Specialty Markets. A summary of...
PE Firm Cinven Eyes Sale of German Life Insurer Viridium: Sources October 3, 2023 By Pablo Mayo Cerqueiro, Amy-Jo Crowley and Alexander Hübner Cinven is considering a sale of German life insurer Viridium after another of its insurance investments in Europe, Eurovita, was...