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Zurich

Zurich sets up health & wellbeing business, led by Helene Westerlind

13th July 2020

Zurich Insurance Group has set up a WellCare business to support its existing health and wellbeing initiatives and apply a global approach to their development. The new business aims to provide retail, SME and commercial insurance customers with tailored health and wellness solutions. Helene Westerlind will lead the business as CEO of ... Read the full article

DARAG completes transfer of Zurich’s German A&E PI portfolio

1st July 2020

Legacy acquirer DARAG Group Limited has completed the previously announced acquisition of Zurich Insurance's German architects and engineers (A&E) professional indemnity insurance (PI) portfolio. The legal transfer of the portfolio to DARAG's German risk carrier, DARAG Deutsche Versicherungs- und Rückversicherungs-AG, structured initially as an LPT or retrospective reinsurance, has now received ... Read the full article

Zurich adds Belinda Bates as Senior Climate Change Risk Consultant

11th June 2020

Global insurer Zurich has appointed Belinda Bates as Senior Risk Consultant Climate Change in Commercial Insurance. In her new role in Bates will be working with Amar Rahman, Global Natural Hazards Practice Leader, as well as the Underwriting teams, to further develop and deploy Zurich’s Climate Change Resilience Services. Prior to joining ... Read the full article

Zurich implements new legal panel for large & complex claims in EMEA

10th June 2020

Zurich Insurance Group has launched a new legal panel that will be tasked with providing advice on the management of large and complex claims across the Europe, Middle East and Africa (EMEA) region. The legal panel has been implemented to ensure greater transparency and consistency of legal services for claims, to ... Read the full article

Zurich bolsters global A&H with three key hires

3rd June 2020

Global insurer Zurich has added three new senior members to its Commercial Insurance Accident and Health (A&H) underwriting group. Chris Howard joins as Head of A&H in the US, Nicole Yates as Head of A&H in Australia, and Stephane Baj as Head of A&H in the UK and Multinational A&H. These new ... Read the full article

Insurers welcome FCA update on pandemic BI claims

1st June 2020

Zurich Insurance Group and RSA are among those to welcome the update from the Financial Conduct Authority (FCA) as the UK regulator seeks to obtain legal clarity on business interruption claims related to the COVID-19 pandemic. After consulting with 56 insurers over the past month, the FCA announced today that ... Read the full article

Zurich says COVID-19 claims within P&C could hit $750mn in 2020

14th May 2020

Global insurance giant Zurich has recognised COVID-19 related claims within its P&C business of $280 million in the first-quarter of 2020, and has said that for the full year, this figure could rise to approximately $750 million. Overall, the company expects claims from the ongoing COVID-19 pandemic to remain within its ... Read the full article

Zurich NA appoints Chubb’s Alexander Wells to lead US Middle Market unit

1st May 2020

Zurich North America, part of Zurich Insurance Group, has named Alexander Wells as U.S. Head of Middle Market, effective May 11th, 2020. In his new role, Wells will report directly to Zurich North America Chief Executive Officer (CEO), Kathleen Savio, and takes responsibility for the strategic management and development of the ... Read the full article

Enstar to reinsure $465mn of Lyft’s legacy automobile business

1st April 2020

A wholly owned U.S. subsidiary of legacy acquirer Enstar Group Limited has entered into a novation agreement with affiliates of ridesharing company Lyft, Inc. and certain underwriting companies of Zurich North America, a division of global insurer Zurich. Under the terms of the novation agreement, Enstar will reinsure legacy automobile business ... Read the full article

Zurich expands roll out of marine insurance platform

25th March 2020

Global insurer Zurich is accelerating the broader roll-out of a new marine insurance platform for small and medium cargo. The Zurich Swift Insurance Platform provides web-based access to insurance that users can tailor to their needs. The platform leverages automation technologies to allow marine insurance brokers and intermediaries to manage the full ... Read the full article

Zurich partnership targets improved claims processing efficiency

19th March 2020

Global insurer Zurich is partnering with California-based data solutions provider Carpe Data to help improve claims processing efficiency. Zurich will leverage Carpe Data’s ClaimsX monitoring solution to use publicly available web data for real-time assessment and automated decision making. Through ClaimsX, Zurich is able to proactively audit injury claimants and identify cases ... Read the full article

Coronavirus BI exposure remains “very manageable”, says Zurich CFO

19th March 2020

Zurich has started to see some coronavirus-related Business Interruption claims, but based on its exposures is expecting it to be very manageable in a group context. George Quinn, Zurich’s Chief Financial Officer, has explained that for these claims to pay out the company not only needs to see exposure to the ... Read the full article

Zurich launches new cyber security offering

26th February 2020

Global insurer Zurich has partnered with cybersecurity firm CYE on a new offering aimed at helping businesses define and deploy effective cyber risk management programs. Available to companies globally, Zurich Cyber Security Services is designed to close unknown security blind spots, reduce the risk and impact of security incidents, and protect ... Read the full article

Zurich’s P&C performance drives 16% rise in profit for 2019

13th February 2020

Global insurer Zurich has reported a 16% rise in business operating profit (BOP) to USD 5.3 billion for 2019, driven by growth across the business and a strong underwriting result within its Property and Casualty (P&C) segment. Zurich's elevated BOP for 2019 compares with the USD 4.6 billion recorded a year ... Read the full article

Zurich’s Greco calls for effective price on carbon, at Davos 2020

21st January 2020

Mario Greco, the Chief Executive Officer (CEO) of Zurich Insurance Group, has called for tax changes designed to ensure carbon is effectively priced across the world. Addressing an audience at the World Economic Forum's (WEF) annual meeting held in Davos, Switzerland, Greco discussed the impacts of digital disruption and the changing ... Read the full article

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