Zurich Insurance Group (Zurich) is a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience.
Reflecting its purpose to ‘create a brighter future together,’ Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and has the highest-possible ESG rating from MSCI. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil.
The Group has about 60,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX.
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Hong Kong Federation of Insurers commits to carbon neutrality by 2050 with climate charter
- March 4
With 33 inaugural signatories, the climate charter introduces actionable goals across claims management, underwriting, societal engagement, investments, governance and disclosure.
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Zurich to buy Kotak General Insurance’s 70% stake upfront in US$671m amended deal
- February 26
The Swiss carrier had originally announced a staggered purchase – a 51% stake in the Indian insurer first and an additional 19% within three years.
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Zurich Asia property & casualty FY2023 GWP up 11% on travel business recovery
- February 23
Asia Pacific's operating profit rose 18% primarily due to growth in life business, while higher commission rate linked to its travel business sales weighed on P&C combined ratio.
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Insurers lobby for removal of green infrastructure investing roadblock
- February 22
The twin challenges of inflation and net-zero transition facing (re)insurers are highlighting the role that infrastructure assets can play in their portfolios, with infrastructure loan yielding as much as 600 bps in risk premium and equities returning 12%.
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Indian competition regulator approves Zurich’s acquisition of Kotak Mahindra General Insurance
- February 7
The watchdog has approved the 51% stake buy announced in Nomber last year as well as the global carrier's proposal to acquire an additional 19% within three years of deal completion.
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Zurich promotes Clement Hau to Hong Kong CUO
- February 6
Hau, who succeeds current chief underwriting officer Anthony Seeto, will start in his new role on February 26.
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Adrian Sweeney returns to Zurich as New Zealand general manager
- January 30
After departing from MGA Delta Insurance two years ago, Auckland-based Sweeney rejoins the global insurer where he had worked for over 20 years.
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Zurich relocates New Zealand exec as Victoria state manager
- December 19
Brett Wainhouse will start in his new Melbourne-based role in January 2024 after spending nearly a decade at the insurer's Auckland office.
Environmental, Social, and Governance considerations for Directors and Officers
Increased scrutiny from investors on companies’ Environmental, Social, and Governance (ESG) credentials, such as board diversity and environmental impacts, presents greater potential Directors and Officers (D&O) liability exposure.
Choppy waters ahead: Navigating uncertainty when shipping cargo internationally
Supply chain issues, global conflicts, and rising goods prices are causing major disruption to international shipping. Shippers are seeking insurance coverage to protect their operations and manage their increased exposures.
PFAS – the emerging risk of ‘Forever Chemicals’
Chemicals found in household products and a range of commercial uses – making them nearly impossible to avoid – have given rise to health concerns, litigation and new regulations aimed at controlling their use and limiting the potential harm they can cause.
Zurich Guide to Captives
In this guide we’ll take a comprehensive look at captives – what they are, how they work and what they could do for your business.
Management Liability Risk Insights
The evolving nature of regulatory and sector guidance on climate change - and the presence of climate-action firms that seek to persuade or compel businesses considered not to be taking the risks of climate change seriously - understandably puts pressure on management.
