Reinsurance News


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

Zurich boosts underwriting & claims capability in Australia & New Zealand

20th January 2020

Global insurer Zurich has announced three new leadership appointments within its General Insurance operation in Australia and New Zealand, as it looks to strengthen its underwriting and claims capability. In underwriting, Zurich has named Alex Morgan, currently the Head of Specialty for Commercial Insurance for Zurich's Asia Pacific region, as Head ... Read the full article

Zurich & Blue Zebra to end underwriting arrangement

13th January 2020

Zurich Australian Insurance Ltd, a division of global insurer Zurich, has announced the end of its underwriting agency agreement with Blue Zebra Insurance Pty Ltd. The agreement was entered into in February 2018, designed to offer a digitally enabled, end-to-end personal lines insurance platform via brokers in the Australian marketplace. It had ... Read the full article

Zurich acquires Adira Insurance, expanding presence in Indonesia

2nd December 2019

Zurich Insurance Group has completed the acquisition of 80% of PT Asuransi Adira Dinamika (Adira Insurance), thereby becoming the largest property and casualty (P&C) insurer in Indonesia. Adira Insurance is among the top 10 P&C insurers in Indonesia. It generated gross written premiums of US $170.4 million in 2018 and has leading ... Read the full article

Zurich outlines new financial targets for 2022

14th November 2019

Zurich Insurance Group has outlined a new set of financial targets for the 2020 to 2022 period, including business operating profit after tax return on equity in excess of 14%. The company announced the new growth plans just one week on from its Q3 results release, which put it on ... Read the full article

Zurich reports P&C premium growth, improved pricing

7th November 2019

Zurich Insurance Group has reported 2% growth in property & casualty (P&C) gross written premiums for the first nine months of 2019, with further rate acceleration in the third quarter. Adjusting for currency movements, acquisitions and disposals, this translated to 7% on a like-for-like basis, with growth coming from all regions. The ... Read the full article

Juan Carlos Realphe appointed CEO of Zurich Colombia

20th September 2019

The Colombian arm of global insurer Zurich has announced the appointment of Juan Carlos Realphe as Chief Executive Officer, effective October 15. Realphe succeeds Victoria Bejarano, who is expected to remain as Chairman of the Board of Directors and continue playing a role in developing the business. Claudia Dill, CEO for Latin ... Read the full article

DARAG to acquire Zurich’s German architects & engineers professional indemnity portfolio

8th September 2019

Legacy acquirer DARAG Group Limited has entered into an agreement with Zurich Insurance plc to acquire Zurich's German architects and engineers professional indemnity insurance portfolio. Upon effectiveness of the transfer, which remains subject to relevant regulatory and court approvals, DARAG Deutsche Versicherungs- und Rückversicherungs-AG, the firm's German risk carrier, will assume ... Read the full article

Zurich NA, Wright to launch residential private flood insurance

28th August 2019

The North American arm of global insurer Zurich is partnering with flood insurer Wright National on a stand-alone product, due to launch in Florida on September 3, called Zurich Residential Private Flood Insurance With plans to expand coverage to 11 additional states in the future, the product allows property owners to ... Read the full article

Zurich benefits from a strong P&C result in H1 2019

8th August 2019

Global insurer Zurich has reported an increase in property and casualty (P&C) operating profit of 46% and its lowest P&C combined ratio of the past decade, of 95.1%, in the first-half of 2019. Overall, Zurich has reported business operating profit of $2.8 billion for the first-half of the year, an increase ... Read the full article