Zurich Insurance in Talks to Sell $21 Billion Portfolio to Cinven’s Viridium: Sources May 11, 2022 By Jan-Henrik Förster, Aaron Kirchfeld and Eyk Henning Zurich Insurance Group AG is in advanced talks to sell a portfolio of German life insurance policies to Cinven’s Viridium...
Zurich Insurance Accelerates Operational Net-Zero Target to 2030 Instead of 2050 April 1, 2022 Zurich Insurance Group announced it is bringing forward by 20 years its target to achieve net-zero emissions in its operations....
Zurich Removes ‘Z’ From Social Media Branding as Russia Uses Symbol in Ukraine War March 30, 2022 By L.S. Howard Zurich Insurance said it has removed the letter “Z” from its social media branding as a result of Russia’s use...
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 March 21, 2022 This edition of International People Moves details appointments at Zurich, HDI Global and Fusion. A summary of these new hires...
Burn the Client or Burn the Carbon? Insurer AXA Grapples With Clean Energy Transition. March 17, 2022 By Alastair Marsh The glass tower in Paris where AXA SA, one of the world’s largest insurers, has its temporary headquarters looks as...
Swiss Re, Allianz, Other European Financial Services Firms Turn Their Backs on Russia March 14, 2022 By Tom Sims, Simon Jessop and Paul Arnold Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their...
Flash Floods Threaten 126,000 Commercial Buildings in London, and Risk Will Worsen February 25, 2022 By Jessica Shankleman More than 126,000 commercial buildings in London are at risk from flash flooding. Climate change will heighten that threat. Those...
Zurich Insurance Reports 35% Increase in 2021 Operating Profit to $5.7 Billion February 10, 2022 By Carolyn Cohn and Paul Arnold Zurich Insurance expects continued revenue and profit growth in the next two years, its chief financial officer said on Thursday,...
First Online M&A Insurance Marketplace Launches in Australia January 31, 2022 io.insure, the world’s first online mergers and acquisitions (M&A) insurance marketplace for small and medium-sized business (SME) transactions, announced it...
UK Hospitality Groups Are Back in Court With Insurers Over Lockdown Losses January 21, 2022 By Kirstin Ridley and Carolyn Cohn Some of the world’s biggest insurers are bracing as a second wave of multi-million-pound lawsuits, brought by struggling British pubs,...