Zurich Insurance Group News

Zurich Insurance Plays Down Impact of COVID-19 Claims

ZURICH — Zurich Insurance Group does not expect property claims triggered by the COVID-19 pandemic to materially affect the group, Europe’s fifth-largest insurer said on Thursday, adding that it planned to maintain its dividend policy. Insurers have been hit across …

Hurricanes May Cause More Pain For Pandemic-hit Insurers

The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already battered by the impact of the coronavirus pandemic on their underwriting and investment positions. However, recent years of hefty damage …

Zurich Insurance Sees Best Chance to Raise Prices in 18 Years

Zurich Insurance Group AG expects to have more power to increase commercial insurance rates than it has seen in almost two decades as a shortage of supply and high natural catastrophe payouts help reverse declining premiums. “The last time this …

Zurich Property Unit Leads Way to Meet CEO’s Goals

Zurich Insurance Group AG got a boost from its property & casualty business, putting the company on track to meet Chief Executive Officer Mario Greco’s three-year restructuring goals. The Swiss insurer’s biggest unit saw higher profit and posted a lower …

Analysts Skeptical of Zurich Insurance Cost-Cutting, Future Growth

Zurich Insurance Group AG fell in Zurich trading after posting a quarterly profit supported by one-time gains as Chief Executive Officer Mario Greco presses ahead with an overhaul of Switzerland’s largest insurer. Net income for the three months through December …

Zurich Says No ‘Undue Pressure’ in CFO’s Suicide

Two independent probes directed by Swiss regulators found no indication that Zurich Insurance Group’s former chief financial officer was subject to undue pressure before he killed himself, the company said Monday. The statement by Switzerland’s biggest insurer also said no …