Reinsurance News
Zurich
Zurich is one of the largest insurance companies in the world. Headquartered in Switzerland, Zurich Insurance provides a wide range of specialist commercial insurance products and is a meaningful buyer of reinsurance protection.
Zurich Singapore strengthens Asia Pacific Commercial Insurance leadership team
21st May 2026
Zurich Singapore, the Singapore arm of Zurich Insurance Group, has announced two senior appointments within its Asia Pacific Commercial Insurance division as the company continues to expand its regional operations and capabilities. The insurer confirmed that Giles Crowley has been appointed Head of Customer & Distribution Management (CDM), Asia Pacific, while ... Read the full article
Zurich Insurance scales Cytora AI platform across global underwriting operations
19th May 2026
Zurich Insurance, a multinational insurance provider offering commercial and retail cover, has completed a 90-day rollout of Cytora’s agentic AI-enabled risk digitisation platform across five countries. Cytora, an insurtech firm focused on AI-based risk processing, is now set to be expanded by Zurich Insurance into more than 20 markets over the ... Read the full article
Zurich names Wayne Leow as Head of Commercial Insurance, Malaysia
8th May 2026
Large primary carrier Zurich Insurance Group has appointed Wayne Leow as Head of Commercial Insurance for Malaysia, tasked with leading the Commercial Insurance function, spearheading growth across multiple lines of business, and distribution channels in Malaysia. Leow has more the 17 years of industry experience, having served in senior positions at Chubb, ... Read the full article
Zurich names Patrick McBride as Head of International Construction
6th May 2026
Large insurer Zurich Insurance Group has appointed Patrick McBride in the newly created role of Head of International Construction, effective immediately. The role sits within Zurich’s Global Specialty Construction & Surety team. He will relocate to London and report to Kelly Kinzer, Global Head of Construction & Surety. Since 2021, McBride has ... Read the full article
Zurich UK appoints Mark McCausland as Chief Operating Officer
29th April 2026
The UK arm of global insurer Zurich has announced the appointment of Mark McCausland as its new Chief Operating Officer. In his new role, McCausland will help drive strategic initiatives, enhance the market experience, and support the responsible adoption of new technologies. He brings more than 30 years of insurance industry experience, ... Read the full article
Zurich appoints Amit Kalra to lead new Global Capability Center in India
28th April 2026
Large international insurer Zurich has launched a new Global Capability Centre in Hyderabad, India, and appointed Amit Kalra as Head of Zurich Capability Centres, effective 1 July 2026. The insurer stated that this move reinforces its focus on advancing technology and artificial intelligence (AI) capabilities to "transform" insurance. The new centre is ... Read the full article
Zurich closes $150m cat bond covering U.S. named storms and earthquakes
17th April 2026
Large insurer Zurich has returned to the catastrophe bond market, successfully closing a $150 million catastrophe bond covering U.S. named storms and earthquakes through the Turicum Re 2026-1 issuance. This Turicum Re Ltd. Series 2026-1 issuance is the first Rule 144A natural catastrophe bond sponsored by Zurich since late 2012. Turicum ... Read the full article
Zurich Austria establishes branch in Poland
9th April 2026
Zurich Insurance has launched operations in the Polish commercial insurance market, with its new office based in Warsaw. The business will be managed under Zurich Austria, headed by Kurt Möller, who serves as Head of Commercial Insurance Austria & CEE and sits on the Zurich Austria Board. Möller commented, "We’re delighted ... Read the full article
Pen Underwriting agrees long-term partnership to support non-standard property business
8th April 2026
Pen Underwriting, a multi-class and multi-territory managing general agent (MGA), has entered into a multi-year strategic arrangement to support its non-standard household insurance portfolio across the UK, Channel Islands, and Isle of Man. From 1 April 2026, a new insurer consortium led by Zurich and Hiscox will provide capacity for Pen’s ... Read the full article
Momentum to moderate for leading European insurers amid economic uncertainty: Moody’s
2nd April 2026
Despite strong 2025 results from Europe’s four largest primary insurers, Allianz, AXA, Generali and Zurich, Moody’s Ratings has warned that their momentum may slow as key growth drivers fade and geopolitical and economic risks begin to weigh on earnings. The peer group reported combined net profits of €32 billion for 2025, ... Read the full article
RiverStone International launches in Australia with local acquisition and Zurich legacy deal
17th March 2026
RiverStone International, an acquirer and reinsurer of legacy and discontinued insurance business, has launched in Australia through the acquisition of a locally domiciled insurer and a significant legacy portfolio transaction with global insurance carrier Zurich. The global legacy firm has acquired RiverStone International Australia PTY LTD to support the Group's offerings ... Read the full article
Zurich and Beazley reach agreement on £8.1bn transaction
2nd March 2026
An agreement has now been reached for global insurer Zurich to acquire London-headquartered specialist insurer Beazley in an £8.1 billion (USD 10.8bn) all-cash transaction, bringing together "two highly complementary businesses to establish a global leader in Specialty insurance." The Boards of both companies have agreed the terms of a recommended all-cash ... Read the full article
Zurich Australia expands in life insurance market with ClearView acquisition
24th February 2026
Zurich Financial Services Australia (Zurich) has entered an agreement to acquire ClearView Wealth Limited (ClearView) via a scheme of arrangement. The transaction bases ClearView's equity value at approximately AUD 415 million. Zurich Australia confirmed that the proposed acquisition has received the unanimous recommendation of ClearView Directors. The implementation of the proposed acquisition ... Read the full article
Zurich’s Asia Pacific business posts gross premiums of $7.5bn and record BOP in 2025
20th February 2026
Zurich Insurance Group (Zurich) has reported its full-year 2025 performance in Asia Pacific, posting gross premiums of $7.5 billion and a record overall business operating profit (BOP) of $633 million, up 8% year over year. The global multi-line insurer said the results reflect strong performance in its Life business alongside continued ... Read the full article
Zurich renews aggregate treaty, cites overall favourable pricing & stable conditions
19th February 2026
Insurer Zurich renewed its global aggregate catastrophe treaty at January 1st with an uplift in capacity, and also added cyber coverage to its global top catastrophe excess of loss treaty, and secured a higher retention for its Europe all perils reinsurance tower. Alongside its results for 2025, global insurer Zurich ... Read the full article
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