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 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
Zurich’s P&C GWP surpassed $50bn for the first time in 2025
19th February 2026
Large insurer Zurich delivered strong top-line growth in 2025, as its property & casualty (P&C) segment exceeded gross written premiums (GWP) of $50 billion for the first time, a 5% increase like-for-like, as the segment’s business operating profit (BOP) reached $5.1 billion, an increase of 22% in US dollars and ... Read the full article
Zurich granted extension of PUSU deadline for Beazley proposal
16th February 2026
The two insurers reached an agreement on the key financial terms of a possible recommended cash offer for Zurich to acquire 100% of Beazley on February 4th, and Zurich has now been granted an extension of the PUSU deadline by more than two weeks. The ‘Put up or Shut up’ (PUSU) ... Read the full article
Cowbell enters Australian market with Zurich-backed SME cyber policy
9th February 2026
Cowbell, a cyber and specialty insurance provider focused on small and medium-sized enterprises, has officially entered the Australian market and introduced Prime One, with policies written on Zurich Australian Insurance Ltd paper. The insurer has appointed industry veterans Anthony Wall and Alric Lal to lead the expansion. The programme is a ... Read the full article
Zurich and Beazley reach agreement on key financial terms for possible acquisition
4th February 2026
Zurich has reached an agreement in principle with Beazley on the key financial terms of a potential recommended cash offer for all existing and to-be-issued ordinary shares of the specialist insurer. Readers may recall that on January 4, 2026, Zurich submitted a proposal of 1,230 pence in cash per Beazley ... Read the full article
Beazley rejects latest Zurich proposal on the basis it ‘materially undervalues’ the firm
22nd January 2026
Specialist insurer Beazley has confirmed that its Board of Directors has unanimously rejected Zurich's cash proposal of 1,280 pence per share, stating that it "materially undervalues Beazley and its longer-term prospects as an independent company." The decision from Beazley comes after a detailed evaluation of the January 19th proposal by ... Read the full article
Zurich reportedly planning Lloyd’s syndicate in case Beazley deal fails
21st January 2026
Mario Greco, Chief Executive Officer (CEO) of global insurer Zurich, has told the Financial Times (FT) that the company is preparing to launch a syndicate at the specialist Lloyd's insurance and reinsurance marketplace, as the carrier awaits a response from its latest proposal to acquire London-headquartered Beazley. On Monday, Zurich ... Read the full article
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