Zurich to sell Russian business to local team and exit marketZurich has become the latest western insurer to exit Russia after confirming today that it is transferring its business to local management.
Zurich appoints Maillet as CFO for commercial insuranceZurich Insurance Group has appointed Sarah Maillet as chief financial officer for commercial insurance.
Zurich says Russia-Ukraine losses not significant as P&C GWP rises 8% in Q1Zurich Insurance Group has reported 8 percent gross written premium (GWP) growth across its global P&C portfolio during the first quarter of 2022, on the back of average rate rises of 6 percent during the three-month period.
Zurich NA bolsters green credentials with trio of senior construction and renewables hiresZurich North America has appointed Alicia Pavelko as head of US head of construction innovation and sustainability while the carrier has also strengthened its renewable energy offering by recruiting Molly Dorsett and Nicholas Haller to senior roles.
Zurich NA names IFG’s Lewis as head of new E&S unitZurich North America has named former International Financial Group (IFG) president and CEO Christopher Lewis as executive vice president and head of its new, standalone business unit dedicated to the E&S market.
Zurich highlights balance sheet strength as solvency ratio climbs to 212%European insurance giant Zurich said its solvency ratio improved by 23 percentage points over 2021 thanks to its strengthened capital generation and the improved economic environment.
Zurich selects 12 start-ups to work with on the “future of insurance”As part of Zurich’s Innovation Championship, the insurance giant has chosen to fund and develop a dozen start-ups from a field of 2,600 applicants.
Olson named Zurich NA head of programs as Massey retiresDenise Olson has been promoted to head of programs for Zurich North America, succeeding Greg Massey, who is retiring.
Horgan set for Zurich NA retirement as Lavelle named head of US national accountsPaul Lavelle has been appointed to lead Zurich North America’s US national accounts business with Paul Horgan moving to a role advising CEO Kristof Terryn before retiring from the Schaumburg, Illinois-based carrier in a year.
Zurich drops Z logo from social media after letter becomes Russian pro-war symbolZurich Insurance Group has removed its traditional ‘Z’ logo from social media channels after the letter was adopted as a symbol of support within Russia for the country’s war on neighbouring Ukraine.
Zurich issues CHF400mn of notes in latest placementZurich Insurance Group has announced the successful placement of CHF400mn ($428mn) of senior unsecured notes, with the proceeds to be used for “general corporate purposes”.
Zurich NA hires The Hartford’s Cushing as new head of construction casualtyZurich North America has named The Hartford’s Toby Cushing as its new head of construction casualty for US national accounts, replacing Kelly Kinzer following her promotion to head of construction in January.
Swiss Re, Allianz and Zurich continue industry retreat from RussiaSwiss Re, Allianz and Zurich have all confirmed plans to stop writing new business in Russia as the industry continues to retreat from Russian exposures following the military invasion of Ukraine.
Zurich NA hires Chubb’s Salas for broker leadership roleZurich North America has named Ernie Salas as senior broker relationship leader, with the executive joining after 17 years at Chubb.
Zurich NA hires Sompo International’s Martino for Midwest mid-market build outZurich North America (NA) has brought in Trey Martino from Sompo International to lead the growth of its middle market book in the carrier’s Midwest region.
Zurich partners with Blink Parametric on post-pandemic aviation platformEuropean insurance giant Zurich has partnered with Irish insurtech Blink Parametric on a parametric flight disruption platform designed to support the post-pandemic recovery of the global aviation industry.
Zurich “more exposed to frequency losses” as agg deductible rises to $900mnZurich’s operating profit of $3.03bn for the second half of 2021 came in comfortably ahead of analyst expectations with the non-life result of $1.56bn broadly in line with consensus.
Zurich NA bolsters middle market capabilities with Bernay hireZurich North America has sought to strengthen its middle market offerings with the hire of Kate Bernay from Chubb as head of general and developing industries.
Coalition secures Zurich North America capacity for D&O and EPL offeringsCommercial insurtech Coalition has secured capacity from Zurich North America to underwrite directors and officers (D&O) and employment practices liability (EPL) coverages for small to medium businesses in the US.
TechAssure welcomes Zurich NA as latest memberZurich North America has become the latest member of technology-focused corporate insurance and risk management industry association TechAssure.