Company: Zurich Page 1 / 3
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- October 3 2024
Zurich Kotak appoints Ajey Hegde to lead its commercial portfolio
Hegde, an industry veteran with over two decades of experience, was executive vice president with Tata AIG General Insurance prior to this move.
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- September 26 2024
Insurers need a multipronged approach to carbon transition: Zurich’s Hui
Beyond underwriting and investment initiatives, insurers can serve as advocates for climate action, leveraging their expertise to influence public discourse on sustainability, says Zurich HK chief executive Eric Hui.
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- September 9 2024
Zurich names new APAC financial lines and casualty heads in two senior appointments
The insurer has appointed Robin Cooper-Driver as head of financial lines and Edward Rayfield, who joins from AIG, as head of casualty for the region.
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- September 4 2024
Zurich elevates David Wainwright to chief risk officer for ANZ
Wainwright, currently CRO for the insurer's UK life business, will start his new role in January next year succeeding Jaimie Sach who is retiring.
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- August 28 2024
Conduct exclusion wordings get scrutinised as Segantii’s insider dealing case unfolds
Ongoing criminal proceedings against one of Asia’s oldest hedge funds have highlighted the need for managers to constantly review policy coverage, limits and carriers' claims handling capability, according to financial lines underwriters.
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- August 19 2024
Zurich Singapore appoints Chubb’s Nixon Ooi as head of accident and health
Ooi will report directly to Alexandra Cowley, chief underwriting officer for Zurich Singapore.
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- August 8 2024
Zurich APAC H1 premiums up 9%, COR climbs marginally to 93.7%
Top line increase driven by strong retail growth, however, rising commission costs from a recovery in travel business in the region hurts bottom line.
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- August 6 2024
Zurich Hong Kong elevates Lena Liu to head of middle market, commercial insurance
Liu, who has been with the carrier for more than 14 years, was most recently head of operations, international programs and captives.
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- July 29 2024
Tesla picks Zurich as preferred insurance provider for Australia
The Swiss carrier will offer cover for the EV maker’s customers in the country under the InsureMyTesla arrangement.
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- July 23 2024
Zurich Australia on course for 7% revenue growth in the next two years: S&P Global
The rating agency has affirmed the insurer's 'AA-' rating with a stable outlook after implementing its revised criteria on capitalisation.
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- July 10 2024
Zurich turbocharges Hong Kong EV insurance business by courting used car owners
As a key growth area for the city, Zurich has dialled up its effort to attract EV policyholders to switch from competitors and is exploring more product opportunities for the Greater Bay Area, says Clement Hau, chief underwriting officer for general insurance, Hong Kong.
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- June 26 2024
Zurich to buy AIG travel insurance business for US$600m
The Swiss insurer will add AIG's Travel Guard brand to Cover-More, which will take the business to a combined annual GWP of about US$2bn.
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- June 26 2024
Zurich aims to grow India headcount 40% following Kotak acquisition: report
In three years, the insurer will hire people in commercial underwriting, distribution and digital development, according to APAC chief executive Tulsi Naidu.
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- June 19 2024
Zurich completes acquisition of 70% stake in Kotak General Insurance
The transaction is the largest foreign investment in India’s general insurance market and the first by a foreign insurer since the FDI limit was raised to 74%, according to the global carrier.
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- June 6 2024
RBI approves Zurich’s acquisition of Kotak General Insurance’s 70% stake
All regulatory approvals required for the transaction are now received, according to Kotak Mahindra Bank.
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- June 4 2024
Zurich Malaysia promotes Nur Fatihah Mustafa to family takaful CEO
Kuala Lumpur-based Mustafa, who was most recently Zurich's head of family takaful strategy planning, becomes the first female CEO to lead a takaful operator in Malaysia.
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- May 27 2024
Zurich Singapore names Matthew Graves as chief claims officer
Graves will report to Singapore CEO Liam Burrell and have oversight over commercial and retail segments.
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- May 6 2024
Zurich Hong Kong appoints Chen Wai Khong as head of property
Chen will relocate to the SAR from Kuala Lumpur, where he was regional property underwriter for Allianz.
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- March 4 2024
Hong Kong Federation of Insurers commits to carbon neutrality by 2050 with climate charter
With 33 inaugural signatories, the climate charter introduces actionable goals across claims management, underwriting, societal engagement, investments, governance and disclosure.
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- February 26 2024
Zurich to buy Kotak General Insurance’s 70% stake upfront in US$671m amended deal
The Swiss carrier had originally announced a staggered purchase – a 51% stake in the Indian insurer first and an additional 19% within three years.
