Zurich Insurance Group Ltd. said it will stop insuring new oil and gas projects.
Tag: Zurich Insurance
Brexit Has Zurich Insurance Moving Holding Company from Ireland to Germany
Zurich Insurance plans to relocate its European Economic Area holding company from Ireland to Germany, according to the head of the insurer’s European division.
Zurich Sets Ambitious Financial Goals for Next Three Years
Zurich Insurance Group on Wednesday announced its ambitious financial targets for the next three years, as insurers benefit from rising premium rates.
Judge Rules Against Harvard University in Zurich Insurance Case
A federal judge ruled on Wednesday that Harvard University waited too long to ask an insurer to cover up to $15 million of its expenses from defending its race-conscious admissions policies.
Zurich Expects to Exceed All 2022 Financial Targets
Zurich Insurance said on Thursday it expects to exceed all its 2022 financial targets, as it reported a double-digit first-quarter rise in premiums and said its losses from the Ukraine conflict were likely to be immaterial. Zurich, Europe’s fifth-largest insurer, set out three-year targets in Nov 2019, including raising its target for business operating profit… Continue reading Zurich Expects to Exceed All 2022 Financial Targets
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
Zurich Near Deal for Deutsche Bank’s Italian Advisers Unit
Zurich Insurance Group AG is nearing a deal to buy Deutsche Bank AG’s Italian financial promoters network, according to people familiar with the matter. Zurich has emerged as the leading candidate to buy DB Financial Advisors in a deal that would value the asset at about 350 million euros ($415 million), said one of the… Continue reading Zurich Near Deal for Deutsche Bank’s Italian Advisers Unit
Zurich Creates Services Unit to Serve Customer Need for Solutions to Evolving Risks
Zurich Insurance Group has created a new unit to meet growing demand from businesses for risk prevention and mitigation services that enable them to manage evolving risks more effectively, and as a result, help them improve their risk profile. The global business unit, Zurich Resilience Solutions, will provide services that enhance the overall resilience of… Continue reading Zurich Creates Services Unit to Serve Customer Need for Solutions to Evolving Risks
MGM Agrees to Pay Las Vegas Shooting Victims Up to $800 Million
MGM Resorts International has agreed to pay up to $800 million to settle lawsuits from victims of the October 2017 mass shooting in Las Vegas that left 58 people dead and hundreds of others injured. The killer, Stephen Paddock, holed up inside his room on the 32nd floor of the Mandalay Bay hotel, which MGM… Continue reading MGM Agrees to Pay Las Vegas Shooting Victims Up to $800 Million
Zurich Launches Second Edition of Its Worldwide Startup Competition
Applications are open for Zurich Insurance Group’s Innovation Championship, offering startups the opportunity to work with the global insurer to grow their business. Zurich is looking for startups with bold ideas in a broad range of application fields. In its second year, the global contest is looking for established startups with commercially viable technologies and… Continue reading Zurich Launches Second Edition of Its Worldwide Startup Competition