Zurich News

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 …

Demand Rises for Political Risk Cover as Buyers Think the Unthinkable

Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over …

Zurich, Deloitte Partner on Cyber Risk Services for Clients

Zurich North America and Deloitte have collaborated to provide services aimed at educating and protecting customers from cyber related risks. Initial offerings include risk transfer options provided by Zurich and risk mitigation options provided by Deloitte Risk and Financial Advisory …

Zurich Insurance in APAC Creates New Commercial Insurance Structure

Zurich Insurance has created a new structure for its Commercial Insurance business in Asia Pacific (APAC), following the combination of its Global Corporate and Commercial units into a single division. “This simplified structure provides a single point of entry for …

Corrected: Zurich to Underwrite Distinguished Programs’ New York Brick & Brownstone Program

The New York Brick & Brownstone program offered by Distinguished Programs, a national real estate insurance program manager, is now being underwritten by Zurich. The NY Brick & Brownstone program is designed for owner- or tenant-occupied properties primarily located in …