Zurich

XL moves to bring Old Republic into opioid dispute with supermarket

XL has filed a third-party complaint against Old Republic in a bid to make it cover costs related to supermarket chain Giant Eagle’s litigation with XL and Zurich over opioid exposures.

Enstar closes $500mn Zurich A&E legacy deal

Bermudian legacy specialist Enstar Group has completed a transaction to reinsure certain US asbestos and environmental liability insurance portfolios of Zurich North America.

North American business leaders fear cyber attacks most: WEF

American and Canadian executives have identified cyber attacks as the biggest threat to doing business for the second year in a row, while leaders around the world ranked cyber as the second-most prevalent business risk.

Zurich exits US railroad liability classes

Zurich North America’s E&S carrier Steadfast Insurance Company has pulled out of casualty segments of the US railroad insurance market, including force liability and railroad liability, The Insurer can reveal.

Darag to buy Zurich’s Eur180mn German architects’ and engineers’ PI portfolio

Legacy specialist Darag is set to acquire Zurich’s German architects and engineers (A&E) professional indemnity insurance portfolio for Eur180mn ($204mn).

Zurich and Wright launch private flood program

Zurich North America and Brown & Brown-owned Wright National Flood Insurance Services have announced a standalone residential private flood insurance program.

Outperformer Zurich buoyed by “undervalued” Farmers: Jefferies

Swiss insurance giant Zurich stands out as one of the “best positioned” insurers, according to equity analysts Jefferies, thanks largely to its “undervalued” US Farmers subsidiary.

Axa XL adds Zurich’s Arezes to Canada property team

Axa XL has hired Jennifer Arezes to grow its Canadian large property insurance business.

Zurich sees P&C operating profit rise by 46% in H1 2019

Zurich Insurance posted an impressive 46 percent increase in property & casualty operating profits in the first half of the year to $1.66bn (H1 2018: $1.14bn) and the lowest combined ratio for a decade at 95.1 percent (H1 2018: 97.5 percent), as it praised an improvement in commercial insurance.

Jefferies: hard market now extends to commercial lines

US Commercial insurance prices have risen for six consecutive quarters, creating a “long-awaited” hard market, according to analysis from equity analysts Jefferies.

Zurich names Martin EMEA CEO after Blanc departure

Swiss insurance giant Zurich has promoted former Group chief risk officer Alison Martin to take up the role of EMEA CEO and head of bank distribution, following the shock resignation of Amanda Blanc last week.

Blanc’s exit from Zurich result of ‘personality clash’ with Greco: report

The shock departure of Amanda Blanc from Zurich Insurance after less than a year as CEO of Europe, Middle East Africa (EMEA) was informed by differences between her and Group CEO Mario Greco, according to reports.

MGM sues Zurich for breach of contract over Las Vegas shooting

MGM Resorts has sued Zurich American Insurance, claiming the insurer has not paid reasonable defence costs “in the many millions of dollars” related to the 2017 Las Vegas shooting.

Why one cyber expert believes Zurich will pay Mondelez’s $100mn loss

A panel on cyber war and terrorism suggested the issue of attribution may mean Zurich will have to pay Mondelez’s $100mn NotPetya claim, while work is underway to make intent to pay losses in similar situations clearer in policies.

CFC supplements Lloyd’s capacity with five new backers

London cyber-specialist MGA CFC has added five insurers to its panel of capacity providers in addition to Lloyd’s syndicates which, until now, have been its exclusive backer.

Zurich P&C Q1 top line dips 2% despite rate uptick

Zurich Insurance P&C gross written premium slipped 2 percent in the first quarter of 2019 to $9.18bn.

Beazley swoops on Zurich North America for head of property

Beazley has appointed Richard Montminy as global head of the carrier’s property division.

Enstar in $500mn A&E legacy deal with Zurich

Enstar has signed an agreement with Zurich to reinsure $500mn of the carrier’s run-off US asbestos and environment liability portfolios.

Zurich Canada hires Aon exec Royer as liability head

Zurich Canada has hired Aon Reinsurance Solutions executive Marco Royer as head of liability.

Zurich profits jump 20% as P&C business swells

Insurance giant Zurich boosted its operating profit 20 percent to $4.6bn in 2018 as cost savings and improved underwriting performance positively impact its P&L.

Region

Topics

Events & Conferences

Content Types