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 North America appoints Tom Morelli as US Head of Energy
3rd December 2025
Zurich North America, the commercial property and casualty insurer, has announced the appointment of Tom Morelli to the newly created role of U.S. Head of Energy, where he will lead a new strategic business unit within Specialties. Based in New York, Morelli will be responsible for shaping the technical and strategic ... Read the full article
BBC Pension Scheme finalises £6bn longevity swap with Zurich & MetLife
20th November 2025
The BBC Pension Scheme has completed a longevity swap transaction, covering approximately £6 billion of pensioner liabilities for around 21,000 members, with global insurer Zurich reinsurer MetLife. The deal is designed to provide the BBC Scheme - and the BBC as its sponsor - with further protection against the financial risk ... Read the full article
Lockton strengthens Switzerland presence with new offices in Zurich and Geneva
18th November 2025
Global insurance broker Lockton has announced the establishment of new offices in Zurich and Geneva, strengthening its presence in Switzerland, with Stephan Bachmann appointed CEO of Lockton Switzerland GmbH. The expansion follows years of successful collaboration with Swiss-based multinational corporations and is a deliberate investment to bring high-touch, specialist service closer ... Read the full article
Magenta signs capacity deal with Zurich for MNW home insurance
12th November 2025
Magenta, part of DUAL UK, has announced that it has signed a new deal with global insurer Zurich to provide capacity for its mid-net-worth (MNW) home insurance product. The MNW home insurance market has faced persistent challenges of under-insurance and incorrect cover. With inflation and rising values of high-end items, individuals often ... Read the full article
Zurich Insurance Group names Megan Shao as Chief Claims Officer, APAC
7th November 2025
Large insurer Zurich Insurance Group has appointed Megan Shao as Chief Claims Officer, Asia Pacific (APAC), effective February 1st, 2026, based in Singapore. In her new role, Shao will report to Sean Walker, Head of Commercial Insurance & Chief Technical Officer for Asia Pacific, Zurich Insurance Group. She will lead Zurich’s claims ... Read the full article
Zurich’s 9M’25 top line boosted by record $38.9bn P&C premiums
6th November 2025
Large insurer Zurich Insurance has delivered strong top-line growth in the first nine months of 2025, with its property & casualty (P&C) segment reporting record gross written premiums of $38.9 billion, an 8% increase driven by exceptional retail growth and sustained momentum in commercial insurance. Zurich explained that GWP in P&C ... Read the full article
Zurich to revolutionise insurance business model with newly launched AI Lab
29th October 2025
Zurich Insurance Group, in collaboration with the University of St. Gallen, is reimagining the future of insurance with its newly launched artificial intelligence (AI) Lab, Zurich AI Lab, aimed to accelerate industry transformation. Led by Group CEO Mario Greco, this ambitious move “signals a new era” in the delivery and customer ... Read the full article
Zurich to boost digital transformation with new appointments
14th October 2025
Global insurer Zurich has announced the appointment of Terry Powell as Group Chief Technology Officer and Cristina Ghetti as Group Head of Digital Employee Experience, both effective October 20, 2025. In his new role, Powell will lead its Group-wide tech strategy, drive artificial intelligence (AI) across its infrastructure foundation, strengthen system ... Read the full article
DUAL UK secures five-year Zurich-led capacity deal
2nd October 2025
DUAL UK has announced a five-year capacity deal led by global insurer Zurich, along with Liberty and other A-rated capacity providers to support its new regional Commercial Combined product. The new product is aimed at the £10,000 – £50,000 premium segment of businesses outside London. A Commercial Combined product, it has been ... Read the full article
Standardised metrics needed to close $0.9tn cyber risk protection gap: Zurich
2nd October 2025
With the world facing a $0.9 trillion cyber risk protection gap, Zurich is calling for the adoption of standardised national cyber security metrics to close it, which would involve the collaboration between governments and the private sector. This gap highlights the vast difference between economic losses from cyber events and the ... Read the full article
Moore named Head of Group Captives for Zurich North America
30th September 2025
Zurich North America has announced the appointment of Matthew Moore as Executive Vice President - Head of Group Captives. In his new role, Moore will be based in Chicago and report to Alex Wells, EVP & Head of Middle Market at Zurich North America. The executive will be responsible for the strategy ... Read the full article
Zurich launches Fronted MBR solution for multibillion-dollar construction programs
12th August 2025
Zurich North America has launched its Fronted Master Builders Risk (MBR) solution, a new insurance product designed to handle unprecedented scale and complexity of today’s largest construction projects. This offering is particularly relevant given the growth in sectors like e-commerce, artificial intelligence (AI), and advanced manufacturing. "We began developing this at the ... Read the full article
Zurich’s P&C segment delivers record profit of $2.4bn for H1’25
7th August 2025
Large insurer Zurich achieved a 6% year-on-year rise in Group business operating profit (BOP) to a record $4.2 billion for the first six months of 2025, with property and casualty (P&C) BOP rising 9% to an all-time high of $2.4 billion. Group-wide, net income increased by 1% to $3.1 billion for ... Read the full article
Zurich Canada unveils organisational enhancements to support customers and brokers
16th July 2025
Zurich Insurance Company Ltd (Canadian Branch) has announced a series of organisational enhancements with new units and leadership appointments to further support customers and broker partners. As the company enters its next phase of growth, these organisational enhancements aim to more closely align Zurich Canada’s teams with its key customer segments: ... Read the full article
Zurich Insurance names Jim Qin as CEO for Life and General Insurance in Hong Kong
11th July 2025
Zurich Insurance, an insurer with a significant presence in Hong Kong, has named Jim Qin as CEO for its Life and General Insurance businesses in the region. In this expanded role, Qin will oversee both divisions, guiding Zurich’s growth and innovation in Hong Kong’s insurance market. Qin joined Zurich in 2019 as ... Read the full article
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