Zurich

Zurich taps Chubb for A&H head Jaksic

Zurich has appointed Drazen Jaksic head of accident and health underwriting within its commercial insurance business.

Zurich swoops on Chubb for A&H business development head

Zurich has appointed Graham Wood to the newly created role of head of regional business development for accident & health (A&H).

Beggs to lead Munich Re’s E&S insurance drive

Jill Beggs will oversee Munich Re’s expansion into the US excess and surplus lines (E&S) market under the umbrella of the newly formed specialty insurance unit led by Mike Kerner, The Insurer can reveal.

RLI and Zurich FOTs suggest modest improvement for casualty reinsurers

The flow of casualty and professional liability treaty renewal firm order terms (FOTs) is beginning to pick up with indications so far pointing to flat or moderate improvements of terms for reinsurers, The Insurer can reveal.

Catalina acquires $2bn UK employers’ liability run-off book from Zurich

Bermuda run-off heavyweight Catalina has entered into an agreement with Zurich to transfer a $2bn UK employers’ liability portfolio in a deal that will see Catalina take on policies written pre-2007.

The storm before the calm…

The Insurer was in Bermuda last week and the weather was a perfect metaphor for the mood among (re)insurers.

Munich Re incurs major Ituango dam loss

Munich Re has incurred a substantial Ituango dam loss despite not being on original placement and was the principal reason for missing a Q2 P&C consensus earnings target by almost Eur300mn, Re-Insurance can reveal.

Zurich takes $175mn Michael hit as premiums remain flat

Zurich Insurance said it expects $175mn in third quarter losses from Hurricane Michael, which hit the US last month, and is set to target profitability in North American markets following the planned sell-off of its business in Venezuela.

Zurich P&C profit up 11% in first half 2018

European Insurance powerhouse Zurich has reported an improved business operating profit in its P&C division in the first six months of the year, up 11 percent to $1.14bn.

AIG takes Zurich’s Wismer as deputy CFO

Insurance giant AIG Has hired Jonathan Wismer from rival Zurich to take on the role of deputy chief financial officer and head accountant.

Allianz weighing approach for RSA, Aviva: report

German insurance giant Allianz is mulling a takeover approach for large UK carriers including RSA and Aviva after the Oliver Bäte-led company was beaten to the punch in pursuit of XL Group.

The Hanover launches alternative markets unit with Zurich’s Baron

The Hanover has appointed Frank Baron to head up its newly-launched alternative markets business unit.

Zurich exercises caution in P&C market despite rate increases

Swiss insurance giant Zurich said it had decreased its gross written premiums (GWP) in the quarter by around 1 percent to $9.3bn as the group dropped its presence in what it views as unprofitable lines despite signs of an uptick in rates.

QBE sells LatAm business to Zurich as it confirms $1.25bn 2017 loss

QBE’s new CEO Pat Regan has taken his first steps in simplifying the Sydney-headquartered (re)insurance group by selling its Latin American operations to rival Zurich for $409mn.

Zurich shares up on 2017 earnings beat

Zurich’s share price was up 3 percent in early trading today (8 February) as investors welcomed a better than expected 2017 result and the first increase in its dividend for seven years.

CII names Lloyd's CEO as new president

Lloyd’s CEO, Inga Beale, has been announced as the 121st president of the Chartered Insurance Institute (CII) at the professional body’s Annual General Meeting held in London today.