Zurich News

Zurich Partners with Insurtech Vindati on Motor Truck Cargo Program

Zurich and insurtech managing general underwriter Vindati have launched a new stand-alone Motor Truck Cargo (MTC) program now available to for hire common and contract truckers. Written through an exclusive agreement between Zurich and Vindati, the coverage insures against the …

Vertus to Offer Hurricane Deductible Buy-Back Insurance in Texas

Vertus Insurance Partners, a Florida-based managing general agent and provider of specialized catastrophic risk protection insurance products is entering the Texas marketplace with its homeowners’ hurricane deductible reimbursement products. The company said its Cat4Home product provides Texas homeowners supplemental homeowner …

Are Employees Pushing Insurers to Shun Coal in Climate Change Movement?

Seventeen insurers have restricted insurance services to coal projects in the past two years. A dozen insurers have adopted policies to stop all direct insurance coverage to new coal projects – among them are Allianz, AXA, Generali, QBE, Zurich, SCOR …

Zurich, Vertus Launch Hurricane Deductible Buy-Back Program in Florida

Zurich has launched Cat4Home, a new hurricane deductible buy-back program through Vertus Insurance Partners. Cat4Home is a supplemental insurance policy available to residential homeowners in Florida and covers 100% of the hurricane deductible, generally seen as 1% to 5% of …

The IPCC Climate Change Report and Implications for Insurers

A report out earlier this week from the Intergovernmental Panel on Climate Change doesn’t say a whole lot about insurance, but the implications for the industry are hard to ignore. Chief among those implications is the possibility that society will …

Zurich North America Names Labbat to Head Trade Credit and Political Risk

Zurich North America has named Lillian Labbat as head of Trade Credit and Political Risk. Prior to joining Zurich, Labbat held executive roles in global trade finance, export finance and structured credit with J.P. Morgan, BNP Paribas and Citigroup. Her …

AIA and Zurich Make Separate Bids for Australian Insurance Businesses: Reuters

Hong Kong-based insurance giant AIA Group Ltd. has shown interest in buying Commonwealth Bank of Australia’s insurance business, which is likely to be valued at about $4 billion, people with knowledge of the matter said. Separately, Zurich Insurance Group AG …

Report Calls out $361M of Euro Insurer Assets in Expanding Coal Concerns

A climate activist group is calling out a handful of European insurers for having significant holdings in fossil fuels despite pledges by the companies to be more climate friendly. A report released today alleges that Allianz, Generali, Munich Re, Swiss …

St. Joseph’s University Team Wins Spencer-RIMS Risk Management Challenge

At the Spencer Educational Foundation reception, RIMS board director and director of global risk management and insurance at PayPal Inc., Laura Langone, announced St. Joseph’s University’s student team as the winners of the Spencer-RIMS Risk Management Challenge. The team, comprised …

Global Protectionism Risks Economic Growth: Zurich, Atlantic Council

A rise in global protectionism stemming from a backlash against free trade and globalization could have significant impact on economic growth, poverty levels and the potential for military conflict, according to a new report from the Atlantic Council and Zurich …