Zurich Insurance Group (Zurich) has created a new offering together with cybersecurity company CYE to shield businesses against the growing risks of cyber-crime. Zurich Cyber Security Services addresses the full spectrum of cyber-risks by helping businesses define and deploy effective cyber risk management programs. It combines Zurich’s specialist cyber insurance and risk engineering capabilities with… Continue reading Zurich Teams Up with Global Security Specialist to Expand Cyber Protection Offering
Tag: Zurich
Zurich and SES Risk Solutions Team Up to Offer Technology-Enabled Real Estate Investors Program
Zurich North America has teamed up with SES Risk Solutions to provide a property and general liability insurance product for real estate investors who own residential rental properties, and support for the management of their property portfolios. SES is a leading program administrator (PA), affiliated with Alliant Underwriting Solutions, focusing primarily on providing insurance services… Continue reading Zurich and SES Risk Solutions Team Up to Offer Technology-Enabled Real Estate Investors Program
Zurich Sees Rising Rates, Improved Terms
Zurich Insurance Group AG expects to have more power to increase commercial insurance rates than it has seen in almost two decades as a shortage of supply and high natural catastrophe payouts help reverse declining premiums. “The last time this kind of market really existed was in 2002,” James Shea, the company’s head of commercial… Continue reading Zurich Sees Rising Rates, Improved Terms
Zurich Commits to UN Climate Pledge, Plans to Lower Fossil Fuel Exposure
Zurich Insurance Group has committed to setting new climate targets in line with the framework of the UN Global Compact Business Ambition Pledge, which aims to limit the rise in global temperatures to 1.5°C. As part of its commitment, Zurich will expand its existing thermal coal policy by engaging with clients and investee companies to… Continue reading Zurich Commits to UN Climate Pledge, Plans to Lower Fossil Fuel Exposure
Enstar Group Limited Announces Reinsurance of $500 Million of Zurich’s Legacy A&E Business
Enstar Group Limited announced today that one of its wholly-owned subsidiaries has signed an agreement with a subsidiary of Zurich Insurance Group to reinsure a number of U.S. asbestos and environmental liability insurance portfolios. Enstar’s subsidiary will assume gross insurance reserves of approximately $0.5 billion, relating to 1986 and prior year business. The closing of… Continue reading Enstar Group Limited Announces Reinsurance of $500 Million of Zurich’s Legacy A&E Business
Zurich CEO Says Insurer May Exceed Its 2019 Goals
Zurich Insurance will meet all the targets laid out in its business plan to 2019 and could even beat them, Chief Executive Mario Greco said in an interview published in an Italian newspaper on Monday. In the 2017-2019 period Zurich, Europe’s fifth-largest insurer, plans to cut costs for a cumulative amount of $1.5 billion (1.1… Continue reading Zurich CEO Says Insurer May Exceed Its 2019 Goals