Reinsurance News


Zurich promotes Hayley Robinson to Group CUO

7th May 2021

Global insurer Zurich has promoted Hayley Robinson to the role of Group Chief Underwriting Officer (CUO), reporting to Sierra Signorelli, who was recently named Chief Executive Officer (CEO) for Commercial Insurance. Robinson currently serves as UK CUO and will take on her new role from June 1st, 2021, based in Zurich, ... Read the full article

Zurich hires Timothy Powell as Global Head Financial Lines and Cyber

5th May 2021

Zurich Insurance Group (Zurich) has appointed Timothy Powell as Global Head Financial Lines and Cyber, a newly created role that combines lines of business and simplifies the group’s offering. Powell’s position will take place at the end of this month where he will report to Ralph Brand, Global Head of Casualty, ... Read the full article

Zurich’s financial position remained strong in 2020 despite pandemic challenges

30th April 2021

Global insurer Zurich Insurance Group maintained a strong financial position in 2020 in spite of the financial market volatility, elevated claims and voluntary measures to support both customers and employees linked to the outbreak of the COVID-19 pandemic. Zurich has today released its Financial Condition Report 2020, which shows a decline ... Read the full article

DAC Beachcroft appointed to Zurich’s AP large and complex claims panel

23rd April 2021

International law firm DAC Beachcroft has been appointed to Zurich’s new large and complex claims legal panel for the Asia-Pacific (APAC) region. Beachcroft considers this deal is representative of its long-standing relationship with Zurich. The appointment follows a successful proposition submitted jointly with leading Asia-Pacific insurance law firm Wotton + Kearney in ... Read the full article

Zurich adds Ping An to network of insurance providers

23rd April 2021

Zurich Insurance Group has added Ping An Health, a technology-driven health insurance company, to its Zurich Global Employee Benefits Solutions, which provides risk management and financing solutions for the global employee benefit plans of multinationals. The solutions include the group’s own offering and those of selected leading insurers in geographies and ... Read the full article

David Fike named Head of Zurich’s NA Life, Accident & Health unit

20th April 2021

The recently-formed North American Life, Accident and Health unit of Zurich is set to be led by new Head David Fike, an industry stalwart who has been with the global insurer since 2014. Fike will report to Zurich North America CEO Kristof Terryn. Reporting to Fike, David Dietz is to continue serving ... Read the full article

Zurich looks to cut property claims settlement times with new AI solution

16th April 2021

Global insurer Zurich says it is able to cut property claims settlement times to under 24 hours with a new AI solution created in collaboration with is a London-based claims automation platform that last year secured $2.5 million in a second seed funding round. The solution is described as ... Read the full article

MetLife completes sale of US P&C business to Zurich

8th April 2021

MetLife, Inc. has announced the completion of its previously announced sale of Metropolitan Property and Casualty Insurance Company and certain wholly-owned subsidiaries to Farmers Group, Inc., a subsidiary of Zurich Insurance Group. First reported in November, the $3.94 billion deal sees Farmers Group jointly acquire MetLife Auto & Home ... Read the full article

Zurich partners with Previsico using technology for a major client

8th April 2021

Flood forecaster Previsico has partnered with insurer Zurich and one of their top UK customers in a market-first tripartite pilot across 5,000 UK locations. The aim is to plug a major flood forecasting gap around surface water flooding and significantly reduce the cost of false alarms. One of the biggest risks in ... Read the full article

Zurich announces climate change targets

1st April 2021

Global insurer Zurich has announced it will be setting new targets for its investments and operations in an effort to accelerate the transition to a net-zero emission economy. It has also pledged to help finance the transition and will require companies it invests in to set targets aligned with the Paris Agreement. The group ... Read the full article

Zurich creates new Resilience Solutions services unit

18th March 2021

Global insurer Zurich has created a new unit designed to help meet the demand from businesses for risk prevention and mitigation services. Zurich Resilience Solutions, will provide services aimed at enhancing the overall resilience of a customer’s business and complement traditional insurance products. Its offering combines risk advisory services and insights with ... Read the full article

Zurich names Sierra Signorelli as CEO for Commercial Insurance

4th March 2021

Zurich Insurance Group has announced the appointment of Sierra Signorelli to the role of Chief Executive Officer for Commercial Insurance Signorelli, who currently serves as Zurich’s Group Chief Underwriting Officer, will also become a member of the Executive Committee with immediate effect. She succeeds James Shea, who has decided to leave Zurich ... Read the full article

Zurich looks to simplify the structuring of international insurance programs

24th February 2021

Global re/insurer Zurich Insurance Group has further developed its Multinational Insurance Application with the launch of its new Zurich Global Program Support (GPS) Tool, designed to simplify the process of structuring international insurance programs. The new tool provides large multinational businesses with valuable information to aid in the design of international ... Read the full article

Zurich appoints Dirk De Nil as CEO of Nordics

18th February 2021

Zurich Insurance Group has announced the appointment of Dirk De Nil as Chief Executive Officer (CEO) of its Nordics region operations, comprising Sweden, Norway, Denmark and Finland. De Nil will take on this role with immediate effect, while retaining his current responsibilities as CEO Benelux, therby expanding his management oversight in ... Read the full article

Zurich’s profit falls 20% on COVID-19 and catastrophes

11th February 2021

The impacts of the COVID-19 pandemic and higher catastrophe losses pushed down Zurich's business operating profit (BOP) by 20% to $4.2 billion in 2020, while net income fell by 8% to more than $3.8 billion. For the year, Zurich has reported a COVID-19-related impact of $852 million, which includes $450 million ... Read the full article

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