Zurich NA lands Chubb’s Sutter as US middle market distribution headZurich North America has strengthened its US middle market-focused platform with the hire of Carl Sutter from rival Chubb.
Lloyd’s head of market development Dunn exits for Zurich UK CUO roleLloyd’s has parted ways with its head of market development Caroline Dunn, who is leaving the Corporation to become chief underwriting officer for the UK at Zurich.
Zurich names Mantero group chief strategy officerZurich Insurance Group has appointed Paolo Mantero as group chief strategy officer, succeeding Giovanni Giuliani.
Zurich NA names Kinzer head of construction casualtyZurich North America has appointed Kelly Kinzer to the newly created role of head of construction casualty, following the realignment of Zurich’s construction business into two segments.
Zurich in H1 beat as P&C delivers best CR in two decadesSwiss carrier Zurich has delivered net income of $2.19bn for the first half of the year, up from the $1.18bn it posted in H1 2020, outstripping analyst forecasts.
MS Amlin, Liberty and Zurich face £845mn Covid BI lawsuitThe UK’s largest pub group Stonegate – owner of the Slug and Lettuce chain – is suing MS Amlin, Liberty Mutual and Zurich over the payment of claims related to business interruption losses suffered as a result of the pandemic lockdowns.
Greco: Zurich not seeing new P&C Covid claims so far this yearZurich CEO Mario Greco has commented that the insurer is not seeing meaningful new property casualty Covid-19 claims coming in this year, with the executive also bemoaning a lack of progress with governments on public-private partnerships for future pandemics.
MGAs using QBE and Zurich paper pick up Everest’s Florida condo accountsMGAs Florida Intracoastal Underwriters (FIU) and Sigma Underwriting Managers (SUM) with capacity from QBE and Zurich have picked up many of Everest’s Florida condo construction accounts as it continues its process of exiting the admitted and non-admitted condo market in the Sunshine State.
Zurich NA agrees capacity deal with medical stop loss MGU IOA ReZurich North America has agreed a new capacity partnership with specialist MGU IOA Re as the insurer looks to build out its book of middle market-focused medical stop loss business.
Zurich exploring sale of ~€200mn Italian life unit: reportsSwiss insurance giant Zurich has brought in UBS as it looks to offload an Italian portfolio of life insurance policies, according to reports by Reuters.
Zurich NA hires Allstate’s Chauhan for strategy and BD roleZurich North America has appointed Neeren Chauhan as head of strategy, innovation and business development, with the new hire joining after seven years at Allstate.
Burlington hits Zurich with $750mn Covid suitBurlington Stores has sued Zurich for coverage of its more than $750mn in business interruption (BI) losses stemming from the pandemic, in the latest high-stakes lawsuit filed against the insurer.
Zurich P&C posts rate-fuelled Q1 top-line growth of 9% as takes ~$300mn Uri hitZurich’s P&C gross written premiums were up 9 percent to $11.03bn in the first quarter on a like-for-like basis, driven by strong growth in commercial insurance and a further improvement in pricing.
Zurich promotes Robinson to group CUOZurich has promoted Hayley Robinson, currently UK chief underwriting officer, to the role of group CUO.
Zurich names Axa XL’s Powell as financial lines and cyber headZurich Insurance Group has appointed Axa XL’s Timothy Powell as global head of financial lines and cyber, a newly created role that combines both lines of business and aims to simplify the group’s offering.
Zurich’s solvency ratio falls to 182% on pandemic volatilityZurich’s solvency ratio fell by 40 percentage points over the course of 2020 on the back of lower interest rates and increased financial market volatility driven by the Covid-19 pandemic.
Healthcare provider Novant sues Zurich over Covid losses on $1.5bn policyNovant Health has sued a Zurich subsidiary over hundreds of millions of dollars of losses from the Covid-19 pandemic that the North Carolina-based healthcare provider believes are covered under a $1.5bn policy.
ANV increases M&A limits to €40mn with new Zurich supportANV Global Services has increased the mergers and acquisitions limits it can offer to clients to €40mn ($48mn) after entering a new partnership with Zurich Insurance.
LA Fitness owner sues insurers for $500mn of Covid coverageFitness International has sued 11 insurers for coverage of business interruption (BI) losses related to Covid-19 on a policy that was issued after the onset of the pandemic, a move that came days after Beazley filed a lawsuit to avoid providing coverage.
Home Depot hits insurers with $50mn suit over 2014 data breachRetail giant The Home Depot has sued Zurich and Great American seeking $50mn of coverage on liability policies for a settlement related to a cyber breach in 2014.