Zurich P&C profit up 11% in first half 2018European Insurance powerhouse Zurich has reported an improved business operating profit in its P&C division in the first six months of the year, up 11 percent to $1.14bn.
AIG takes Zurich’s Wismer as deputy CFOInsurance giant AIG Has hired Jonathan Wismer from rival Zurich to take on the role of deputy chief financial officer and head accountant.
Allianz weighing approach for RSA, Aviva: reportGerman insurance giant Allianz is mulling a takeover approach for large UK carriers including RSA and Aviva after the Oliver Bäte-led company was beaten to the punch in pursuit of XL Group.
The Hanover launches alternative markets unit with Zurich’s BaronThe Hanover has appointed Frank Baron to head up its newly-launched alternative markets business unit.
Zurich exercises caution in P&C market despite rate increasesSwiss insurance giant Zurich said it had decreased its gross written premiums (GWP) in the quarter by around 1 percent to $9.3bn as the group dropped its presence in what it views as unprofitable lines despite signs of an uptick in rates.
QBE sells LatAm business to Zurich as it confirms $1.25bn 2017 lossQBE’s new CEO Pat Regan has taken his first steps in simplifying the Sydney-headquartered (re)insurance group by selling its Latin American operations to rival Zurich for $409mn.
Zurich shares up on 2017 earnings beatZurich’s share price was up 3 percent in early trading today (8 February) as investors welcomed a better than expected 2017 result and the first increase in its dividend for seven years.
CII names Lloyd's CEO as new presidentLloyd’s CEO, Inga Beale, has been announced as the 121st president of the Chartered Insurance Institute (CII) at the professional body’s Annual General Meeting held in London today.