Canadian Underwriter

Keyword
Zurich Insurance Group

News Earnings / RatingsInsuranceMarkets / Coverages

P&C gross written premiums for Zurich down 2% to US$25.3 billion in 9M 2017

November 10, 2017 by Canadian Underwriter

Property & Casualty gross written premiums (GWP) for the nine months ending Sept. 30 declined 2% in U.S. dollars to US$25.3 billion from US$25.7 billion, Zurich Insurance Group reported on Thursday. In particular, P&C GWP in North America for 9M

News CatastrophesClaimsEarnings / RatingsInsuranceReinsurance

Hurricanes expected to deliver 1.4 billion euro hit to Munich Re in third quarter, total tally estimated at 2.7 billion euros

October 26, 2017 by Canadian Underwriter

Exceptional major-loss expenditure related to hurricanes Harvey, Irma and Maria (HIM) are expected to result in Munich Re posting a loss of 1.4 billion euros in 2017 Q3, reducing the (re)insurer’s previously anticipated full-year profit. Emphasizing that current estimates “are

News AssociationsInsuranceMergers and AqcuisitionsReinsuranceTechnology

ATB Financial joins R3 distributed ledger consortium

March 10, 2017 by Canadian Underwriter

ATB Financial announced Thursday that the Alberta-based financial services provider has joined the consortium of financial innovation firm R3 to design and apply distributed and shared ledger-inspired technologies to global financial markets. The company will be collaborating with more than

News InsuranceMergers and AqcuisitionsTechnology

Zurich North America, Deloitte collaborating on cyber protection

February 14, 2017 by Canadian Underwriter

Zurich North America and Deloitte reported on Tuesday that they are working together to provide services for customers to help them better understand and protect themselves from cyber related risks. Initial offerings include risk transfer options provided by Zurich and

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Zurich reports business operating profit of US$4.5 billion for 2016, up 55% from prior-year period

February 10, 2017 by Canadian Underwriter

Zurich Insurance Group has reported a business operating profit (BOP) for the full-year ending Dec. 31, 2016 of US$4.5 billion, up 55% from the prior-year period. The fourth quarter BOP for the three months ending Dec. 31, 2016 was up

News InsuranceMarkets / CoveragesProfessional DevelopmentReinsuranceTechnology

Hannover Re, Generali Group and SCOR join blockchain insurance industry initiative B3i

February 6, 2017 by Canadian Underwriter

Hannover Re, Generali Group and SCOR announced on Monday that they have joined the blockchain insurance industry initiative B3i, bringing the total number of insurers and reinsurers in the initiative to 15. Members of the B3i initiative will explore the

News InsuranceLegalMergers and AqcuisitionsTechnology

SMEs’ cyber risk awareness on the rise: Zurich study

November 23, 2016 by Canadian Underwriter

Cyber risk awareness among small- and medium-sized enterprises (SMEs) is on the rise, according to Zurich Insurance Group’s fourth annual global SME survey. The survey found that just 10% of SMEs said that they were too small to be at

News CatastrophesClimate ChangeEarnings / RatingsMarkets / CoveragesMergers and AqcuisitionsTechnology

Zurich Insurance announces plans to position itself for future, new profitability targets

November 17, 2016 by Canadian Underwriter

Zurich Insurance Group plans to build on customer relationships, simplify the business and significantly reduce costs as part of its renewed focus on increasing business profitability and delivering high-quality earnings over the 2017-2019 period, the global insurer announced Thursday. “In

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Zurich’s net income after tax attributable to shareholders up 342% in Q3 2016

November 10, 2016 by Canadian Underwriter

Zurich Insurance Group has reported net income after tax attributable to shareholders (NIAS) of US$912 million for the third quarter of 2016 ending Sept. 30, up 342% from US$207 million in the same quarter in 2015. For the nine months

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

78% of global SMEs fear impact of climate change on their businesses: Zurich study

November 4, 2016 by Canadian Underwriter

Nearly four-fifths (78%) of global small- and medium-sized enterprises (SMEs) surveyed by Zurich Insurance Group expected risks associated with climate change to have a significant impact on their business. Zurich’s fourth annual global SME survey, titled Potential effect on business

News InsuranceLegislation / RegulationMergers and AqcuisitionsProfessional Development

Zurich combines corporate, commercial businesses into single unit, appoints CEO of Commercial Insurance

September 21, 2016 by Canadian Underwriter

Zurich Insurance Group announced on Tuesday that it will combine its corporate and commercial businesses into a “single global business as part of its process to simplify and strengthen its organization.” The new unit, to be called Commercial Insurance, brings

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Zurich Insurance Group’s 2016 business operating profit down in H1, up in Q2 over prior-year periods

August 11, 2016 by Canadian Underwriter

Continuing to build on its efforts to simplify and become more agile, Zurich Insurance Group reports that its business operating profit (BOP) for the first half of 2016 was US$2.194 million, down 2% from US$2.238 million for 2015 H1. Figures