The proposed transaction would be worth approximately 8 billion pounds, or $10.97 billion, and follows several previously rejected bids.
Tag: Zurich
Zurich Submits Improved Proposal to Acquire Beazley
Zurich Insurance Group announced that it has submitted an improved proposal to the board of Beazley plc to acquire 100% of the company. The proposal outlines the terms of a possible cash acquisition and sets out Zurich’s position, valuation rationale, and next steps under the UK Takeover Code. Proposed Offer Terms Under the proposal, Beazley… Continue reading Zurich Submits Improved Proposal to Acquire Beazley
Zurich and Marsh McLennan Sound Alarm on Cybersecurity Gaps
In a joint whitepaper, Closing the Cyber Risk Protection Gap, Zurich Insurance Group and Marsh McLennan highlight the growing divide between increasing cyber threats and the current ability of both businesses and insurers to mitigate them.
AIG to Sell its Global Personal Travel Insurance and Assistance Business for $600M to Zurich
American International Group, Inc. announced that it has entered into a definitive agreement to sell its global individual personal travel insurance and assistance business to Zurich Insurance Group for $600 million in cash plus additional earn-out consideration.
Zurich’s Sale of $20B Life Insurance Book to PE-backed Group Collapses
Insurance group Zurich’s sale of a $20 billion life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure” as regulatory scrutiny of such deals intensifies.
Zurich Insurance Follows Munich Re in Leaving Climate Alliance
Zurich Insurance Group announced its withdrawal from the Net Zero Insurance Alliance (NZIA) on Wednesday
Zurich Insurance Axes ‘Z’ Logo After Letter Became Russian Pro-War Symbol
Zurich Insurance has axed its ‘Z’ logo from certain social media channels after the letter became a Russian pro-war symbol. The company said it was removing the logo – a white Z on a blue background – because it did not want to be misinterpreted as supporting Russia in the conflict. In a statement, the… Continue reading Zurich Insurance Axes ‘Z’ Logo After Letter Became Russian Pro-War Symbol
IICF, Aon, AIG and Zurich Partner for Apprenticeship Webinar Dedicated to Promoting Diverse Insurance Workforce
The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, today hosted a new webinar titled Connecting Talent with Opportunity: Apprenticeship Programs. Speakers featured in the webinar highlighted the importance and success of apprenticeship programs at Aon, AIG and Zurich and provided best practices for recruiting new and… Continue reading IICF, Aon, AIG and Zurich Partner for Apprenticeship Webinar Dedicated to Promoting Diverse Insurance Workforce
Zurich Forges Ahead with Climate Goals to Tackle Growing Risk to Society
Zurich Insurance Group (Zurich) is intensifying action in support of global efforts to avert the threat of climate change. The Group is committed to using every lever available – investments, operations, and products and services – to accelerate the transition to a net-zero2 emission economy. Zurich is setting new climate targets for its investments and… Continue reading Zurich Forges Ahead with Climate Goals to Tackle Growing Risk to Society
Real Time Risk Solutions Teams with Zurich North America
Real Time Risk Solutions (RTRS), a leader in risk management solutions, has collaborated with Zurich North America Insurance to develop Zurich Construction Solutions (ZCS). ZCS is a robust solution that combines mobile capabilities with a powerful back end to provide users ease of use, flexibility and insights. Zurich, who insures 90% of the Top 100… Continue reading Real Time Risk Solutions Teams with Zurich North America