Tag Archives: Zurich Insurance Group

Zurich Insurance Group’s CEO Mario Greco Named Insurance Leader of the Year 2023

(IN BRIEF) Zurich Insurance Group’s CEO, Mario Greco, has been honored with the prestigious Insurance Leader of the Year Award for 2023 by St. John’s University’s Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science. The award ceremony, … Read the full press release

Claudia Cordioli Appointed as Zurich Insurance Group’s New CFO

(IN BRIEF) Zurich Insurance Group has announced the appointment of Claudia Cordioli as Group Chief Financial Officer (CFO), effective from March 1, 2024, pending regulatory approval. Cordioli will also become a member of the Executive Committee. She will succeed George … Read the full press release

Economic and Societal Threats Outweigh Environmental and Technological Risks, Says World Economic Forum Survey

(IN BRIEF) A survey conducted by the World Economic Forum, involving over 11,000 business leaders from 110 countries, has revealed that economic and societal threats, such as economic downturns, inflation, and declining social cohesion, are the most significant risks in … Read the full press release

Zurich Insurance Forms Strategic Alliance with Kotak Mahindra Bank in Indian Insurance Market

(IN BRIEF) Zurich Insurance Group has announced a significant strategic alliance with Kotak Mahindra Bank in India, with plans to acquire a 51% stake in Kotak Mahindra General Insurance Company for $488 million. This investment marks one of the largest … Read the full press release

Zurich Resilience Solutions and KPMG Switzerland Collaborate to Address Climate Change Risks

(IN BRIEF) Zurich Resilience Solutions, a unit of Zurich Insurance Group, and KPMG Switzerland have formed a strategic collaboration to provide advisory services addressing both physical and transition risks associated with climate change. This offering, initially available in Switzerland, will … Read the full press release

Zurich Insurance Group Appoints Dirk De Nil as Global Head of Zurich Resilience Solutions

(IN BRIEF) Zurich Insurance Group has announced the appointment of Dirk De Nil as the Global Head of Zurich Resilience Solutions, effective from October 1, 2023. De Nil, currently the CEO of Zurich Benelux and Nordics, will succeed Hanno Mijer, … Read the full press release

Zurich Insurance Group Forms Strategic Partnership with Qover to Enhance Distribution of Innovative Insurance Products

(IN BRIEF) Zurich Insurance Group has announced a strategic partnership with Qover, a Belgium-based insurtech, through Zurich Global Ventures. As part of the collaboration, Zurich is joining Qover’s Series C funding round. Qover, founded in 2016, offers a technology-enabled distribution … Read the full press release

Zurich Insurance Group announces successful AGM with full Board re-election

(IN BRIEF) Zurich Insurance Group’s shareholders have confirmed Michel M. Liès as Chairman of the Board of Directors at the Annual General Meeting. All the other current Board members have also been elected. The Board comprises 12 members, with equal … Read the full press release

Zurich Insurance Group to reduce the capital intensity of its legacy life life portfolios with the divestment of its legacy traditional life insurance back book in Germany

Sale to further reduce capital intensity and exposure to interest rates Reduced sensitivity to interest rates reduces capital required to protect against volatility Transaction adds 8 percentage points to Swiss Solvency Test ratio1 Zurich in Germany to continue to invest … Read the full press release

Zurich Insurance Group reducirá la intensidad de capital de sus carteras de vida heredadas con la desinversión de su cartera de seguros de vida tradicional heredada en Alemania

Venta para reducir aún más la intensidad de capital y la exposición a tipos de interés La sensibilidad reducida a las tasas de interés reduce el capital requerido para protegerse contra la volatilidad La transacción agrega 8 puntos porcentuales al … Read the full press release

Zurich Insurance Group announces its exit from the Russian insurance market

(PRESS RELEASE) ZÜRICH, 20-May-2022 — /EuropaWire/ — Zurich Insurance Group (SWX: ZURN), Swiss’s largest insurer, has announced the sale of its property and casualty insurance company in Russia to some members of the local team of the unit. According to … Read the full press release

Zurich Insurance Group anuncia su salida del mercado asegurador ruso

(COMUNICADO DE PRENSA) ZÜRICH, 20-May-2022 — /EuropaWire/ — Zurich Insurance Group (SWX: ZURN), la aseguradora más grande de Suiza, ha anunciado la venta de su compañía de seguros de propiedad y accidentes en Rusia a algunos miembros del equipo local … Read the full press release

Global Risks Report 2022: climate crisis remains the biggest long-term threat facing humanity

Top risks are climate crisis, growing social divides, heightened cyber risks and an uneven global recovery, as pandemic lingers on Global survey of experts finds only 1 in 6 are optimistic and only 1 in 10 believe the global recovery … Read the full press release

Zurich Insurance Group improves its capital utilization across its life back book with the sale of Italian life and pensions back book to Portuguese insurance company GamaLife

Transaction to release approximately USD 1.2 billion of capital and add 11 percentage points to the Group’s Swiss Solvency Test ratio1 Significant reduction in the Group’s exposure to credit risk Zurich will focus on protection and unit-linked solutions in the … Read the full press release

Zurich Insurance Group joins The Valuable 500, a global movement of CEOs and their companies working together for disability inclusion

(PRESS RELEASE) ZÜRICH, 3-Dec-2021 — /EuropaWire/ — Zurich Insurance Group (SWX: ZURN), Swiss’s largest insurer, has announced that it will join The Valuable 500, a global movement made up of 500 CEOs and their companies, innovating and working together for … Read the full press release

Zurich to plant 1 million trees to restore biodiversity at Brazil’s Atlantic Forest

(PRESS RELEASE) ZURICH, 21-Sep-2020 — /EuropaWire/ — Zurich Insurance Group (Zurich) announces an exclusive reforestation sponsorship in The Atlantic Forest initiative in Brazil. The targeted, sustainable reforestation project will see 1 million trees planted to transform a barren farmland back … Read the full press release

Zurich launches Global Business Platforms unit to expand digital services worldwide

Zurich accelerates development of digital services, creating a new unit to attract additional customers and meet their rapidly changing needs Jack Howell, CEO Asia Pacific (APAC), to lead the new Global Business Platforms unit focusing on digital services Ericson Chan, … Read the full press release

Zurich Insurance Group: UK’s Financial Conduct Authority to test policy wordings in the UK High Court

(PRESS RELEASE) ZURICH, 1-Jun-2020 — /EuropaWire/ — Swiss global general and life insurer Zurich Insurance Group (Zurich) announced it is welcoming the UK’s Financial Conduct Authority decision to test policy wordings from across the UK insurance industry in the UK … Read the full press release

Zurich Insurance Group to improve business efficiency using self-service-enabling technology of InShared, the digital insurer of Achmea

ZEIST, ZURICH, 05-Jun-2018 — /EuropaWire/ — Achmea announced today that it will partner with Zurich Insurance Group (‘Zurich’) to improve business efficiency using self-service-enabling technology of InShared, the digital insurer of Achmea. InShared’s IT-platform is fully designed around online service, from … Read the full press release

Jasmin Staiblin proposed for election to the Board of Directors of Zurich Insurance Group on the Annual General Meeting on April 4, 2018

Zurich Insurance Group (Zurich) announced today that the Board of Directors will propose to shareholders to elect Jasmin Staiblin to the Board for a one year term of office. The election will take place at the Annual General Meeting on … Read the full press release

Zurich Insurance Group exceeds current carbon emission and energy consumption targets

ZURICH, 03-Jul-2017 — /EuropaWire/ — Global insurer already exceeding current carbon emission and energy consumption targets and sets new ambitious targets to be achieved by 2025. Zurich Insurance Group (Zurich) has reached a great milestone in its ambition to limit … Read the full press release

Zurich Is one of Top Three Global Travel Insurance Provider With Acquisition of Cover-More

ZURICH, 20-Apr-2017 — /EuropaWire/ — Zurich Insurance Group (Zurich) today has successfully acquired Cover-More Group Limited (Cover-More), a leading travel insurance and assistance solutions provider based in Sydney with a strong market position in Australia, India and the U.S. This transaction … Read the full press release

Zurich Insurance Group successfully closed the sale of its general insurance retail business in Russia to OLMA Group

ZURICH, 5-11-2014 — /EuropaWire/ — Zurich Insurance Group (Zurich) has successfully closed the sale of its general insurance retail business in Russia to OLMA Group. The transaction is a proof-point of Zurich’s 2014-2016 strategy to invest in priority markets, while either … Read the full press release

Zurich Insurance Group’s Brazilian subsidiary Zurich Minas Brasil Seguros S.A. partners with Via Varejo S.A. for the exclusive sale of extended warranty insurance

Zurich, 1-10-2014 — /EuropaWire/ —  Zurich Insurance Group (Zurich) today announced that its Brazilian subsidiary Zurich Minas Brasil Seguros S.A. has entered into a distribution agreement with Via Varejo S.A. (Via Varejo) for the exclusive sale of extended warranty insurance through … Read the full press release

Accenture to optimize Zurich Insurance Group’s global finance IT function under five-year application services agreement

Zurich, Switzerland, 7-11-2013 — /EuropaWire/ — Accenture (NYSE: ACN) is assisting Zurich Insurance Group (Zurich) to streamline Zurich’s global finance IT function under a five-year application services agreement signed in 2012. The initiative, which is being implemented through Accenture Finance and Risk … Read the full press release

Zurich Insurance Group’s Chairman Josef Ackermann announced resignation

Zurich, 03-9-2013 — /EuropaWire/ — Zurich Insurance Group (Zurich) announces that the Chairman, Josef Ackermann, has informed the Board of Directors that he is resigning from all his functions as a Board member with immediate effect. The Board of Directors respects and … Read the full press release

Zurich Insurance Group sponsored PGA Seniors Open in Bad Ragaz Switzerland

Zurich, 10-7-2013 — /europawire.eu/ — Zurich Insurance Group (Zurich) is pleased to be supporting the PGA Seniors Open in Bad Ragaz for the ninth time as one of the co-sponsors. The tournament, which brings together the world’s elite professional golfers, is … Read the full press release