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Zurich Insurance
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Zurich Insurance Group Is Set to Dispose of Its Remaining 9.4% Stake
Nov 25, 2013Switzerland’s multi-line insurance provider Zurich Insurance Group is set to dispose of its remaining 9.4% stake in New China Life Insurance (NCI) for $943m (£584.7m), to diversify its Asian operations. Zurich plans to ...
Tags: Zurich Insurance, Life Insurance
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Zurich Insurance Is Planning to Scrap All of Its 700 Life Insurance Agents in Hong Kong
Nov 19, 2013Zurich Insurance, a Switzerland-based multi-line insurance provider, is planning to scrap all of its 700 life insurance agents in Hong Kong by the end of the year, as its focuses to sell insurance products from agents to brokers and ...
Tags: Zurich Insurance, Life Insurance
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Zurich Is Set to Restructure Its Personal Lines Motor and Property Claims Teams in The UK
Nov 11, 2013Zurich Insurance, a Switzerland-based multi-line insurance provider, is set to restructure its personal lines motor and property claims teams in the UK, a move which will lead to 121 job losses. The development is the latest step in the ...
Tags: Insurance, insurance provider
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Zurich Insurance to Take Over Wesfarmers' A$2bn Insurance Business
Nov 4, 2013Zurich Insurance, a Switzerland-based multi-line insurance provider, is in advanced stages of negotiations to take over Australian firm Wesfarmers' A$2bn insurance business. The Swiss firm has commenced due diligence on the Aussie's ...
Tags: Zurich Insurance, Insurance
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Zurich Insurance Inked an Agreement to Purchase 100% Ownership of BnB SURE Proprietary
Oct 17, 2013Zurich Insurance Company South Africa, a subsidiary of the Zurich Insurance Group, has inked an agreement to purchase 100% ownership of BnB SURE Proprietary, for an undisclosed sum. The current announcement stems up from a development in ...
Tags: Zurich Insurance, Insurance
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Foreign Insurance Giants Cast Eye on The Chinese Vehicle Insurance Market in Succession
Sep 10, 2013Foreign insurance giants have cast eye on the Chinese vehicle insurance market in succession. Hubei Biocause Pharmaceutical Co., Ltd. (SZSE: 000627), a shareholder of Tianping Auto Insurance Co., Ltd., said in a statement on September ...
Tags: Vehicle Insurance, Service
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XL Group Appointed Louise Dennerstahl as Head of Its International Professional Insurance
Sep 4, 2013XL Group, an insurance and re-insurance company, has appointed Louise Dennerstahl as head of its International Professional insurance business in the UK. Dennerstahl previously worked with Zurich Insurance as CEO of the Nordic region. ...
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Zurich Insurance Posted a Net Income After Tax Attributable to Shareholders of $1.85bn
Aug 19, 2013Zurich Insurance Group has posted a net income after tax attributable to shareholders of $1.85bn for the first-half ended on 30 June 2013, a decline of 17% compared to $2.22bn for the same period last year. During the period, business ...
Tags: Zurich Insurance, Insurance
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AIG Named Kevin Hogan as New CEO of AIG Global Consumer Insurance, Effective October 2013
Aug 16, 2013Property and casualty insurance provider American International Group (AIG) has named Kevin Hogan as new CEO of AIG Global Consumer Insurance, effective October 2013. Hogan, who earlier served the company for 24 years, will report to ...
Tags: Consumer Insurance
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PIMS Enhanced Its Commercial Property Insurance Program with Zurich Insurance Group
Aug 9, 2013Premier Insurance Management Services (PIMS) has enhanced its commercial property insurance program with Zurich Insurance Group in North America. The program, which is underwritten by individual member firms of Zurich in North America, ...
Tags: Insurance, healthcare
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HSBC,Zurich Insurance Launched a New Wealth Product Named Savingsplus in The Middle East
Aug 2, 2013HSBC and Zurich Insurance have launched a new wealth product named SavingsPlus in the Middle East, as part of their 10-year partnership agreement to distribute life and general insurance products. The new product is expected to address ...
Tags: Zurich Insurance, HSBC
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Zurich Is Said to Have a Plan to Buy Into Chinese Property Insurance Firm Sinosafe
Jun 21, 2013Switzerland-based Zurich Insurance Group is said to have a plan to buy into Chinese property insurance firm Sinosafe General Insurance Co., Ltd. Sources said recently that the Swiss insurance group was looking for a stake in a Chinese ...
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Sanlam Mulls to Acquire a 40% Holding in MCIS Zurich Insurance, to Boost Its Presence
Jun 13, 2013South Africa-based financial services provider Sanlam is mulling to acquire a 40% holding in MCIS Zurich Insurance, in an effort to boost its presence in Malaysia. People familiar with the matter were reported by thesundaily as saying ...
Tags: Sanlam Mulls, Insurance
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VTA Academy Has Launched The Driver Cadetship Program to Reduce Restrictions for Drivers
May 31, 2013The Victorian Transport Association (VTA) Academy has officially launched the Driver Cadetship Program. The launch was supported by Zurich Insurance, which affirmed it will reduce insurance premiums and restrictions for drivers undergoing ...
Tags: Service
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Zurich Insurance Reported a BOP of $1.4bn and NIAS of $1.1bn on Q1 2013
May 20, 2013Switzerland’s multi-line insurance provider Zurich Insurance Group has reported a business operating profit (BOP) of $1.4bn and net income attributable to shareholders (NIAS) of $1.1bn for the three months ended on 31 March 2013. ...
Tags: Zurich Insurance, Insurance