Zurich News

Zurich Insurance Chief Set to End Revamp Ahead of All Goals

Zurich Insurance Group AG said it will exceed all of its financial targets as the global insurer benefits from a three-year turnaround plan that slashed costs. The combined ratio, a key measure of underwriting performance, declined to 95.1%, the company …

As InsurTech Takes Over, Insurers Must Train the Humans that Remain

CHICAGO — As technology eliminates claims jobs through automation, insurers will need to build new skill sets for the employees who remain, speakers said during the second and final day of the Insurance Nexus Connected Claims Conference. Eric Brandt, managing …

People News: CIG, Zurich, Marias Technology

Capital Insurance Group Hires Mehrtens as Vice President of Claims Capital Insurance Group (CIG), a regional property and casualty insurer serving the Western United States, announces the appointment of Cynthia Mehrtens, CPCU, ARe, AIM, as vice president of claims. In …

People News: Westfield, Zurich, Willis Towers Watson

Westfield Invests in Small Business, Names Robyn Hahn President, Small Business Bridging expertise from senior leadership roles at national and international insurance carriers with time as an independent insurance agent and small business owner, Robyn Hahn is assuming the role …

People News: Tokio Marine, Everest Re, Zurich

Tokio Marine HCC Names Skarinka COO for Professional Lines and Public Risk Groups Tokio Marine HCC appointed Christopher R. Skarinka chief operating officer for its Professional Lines and Public Risk Groups, which specialize in small accounts errors & omissions coverage …

Allianz Keeps Market Guessing With Acquisition Possibilities

A $94 billion financial behemoth is keeping the market on tenterhooks about its next move. Europe’s largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential acquisition targets as deal-hungry Chief Executive Officer Oliver Baete …

Zurich Overhaul Produces First Dividend in 7 Years

Zurich Insurance Group AG overcame a record year for natural-disaster claims in the industry to deliver its first dividend increase since 2011. The shares rose the most since August 2016. Switzerland’s biggest insurer raised its dividend for 2017 by 6 …

Zurich Stands Ready to Cut Underperforming Businesses to Rein in Claims

Zurich Insurance Group AG is “prepared to shrink” some of its businesses after being caught off guard by the scale of claims it had to absorb last year, according to Cecilia Reyes, the company’s chief risk officer. “We were surprised, …

Horgan Appointed CEO of Global Corporate in North America for Zurich

Zurich, a global property and casualty insurance provider, appointed Paul Horgan, previously head of Group Reinsurance, has been appointed CEO of Zurich’s Global Corporate in North America (GCiNA) business effective immediately. As CEO, Horgan is now accountable for the direction, …

Staff to Share Desks as Zurich Pushes Profit Increase

Zurich Insurance Group AG, Switzerland’s largest insurer, is shrinking office space at a key unit and will ask staff to share desks to help reverse a drop in earnings. The steps are needed to help the firm lower the combined …