Zurich Insurance News
Zurich Insurance Discloses $1B Share Buyback, Dividend Hike, Encouraging Earnings
Zurich Insurance struck a confident note on Thursday, with a $1 billion share buyback and its first dividend hike in seven years as it reported better-than-expected earnings despite hefty catastrophe ...
Zurich Will Pay $2.14B to Snatch Up ANZ’s Australia Life Insurance Biz
Zurich Insurance Group said it will pay more than $2 billion to acquire the life insurance business from an Asia Pacific-based bank. Zurich's $2.14 billion deal to buy OnePath Life from ANZ ...
Zurich Will Earmark $5B for Impact Investments
Zurich Insurance Group AG plans to more than double its allocation to impact investments, earmarking $5 billion for a broader range of assets after devoting $2 billion to green bonds in recent years. ...
Crop Insurance Market Consolidation Shows No Sign of Stopping: Conning
Crop insurance was once a sector full of smaller players, but an M&A-driven push for efficiency and scale has left it dominated by fewer and larger carriers, and Conning predicts a continuation ...
Zurich Reports $700M in Estimate Pre-Tax Claims From Harvey, Irma and Maria
Zurich Insurance Group said it property/casualty business will deal with approximately $700 million in pre-tax losses for Q3 relating to Hurricanes Harvey, Irma and Maria. The number is also net of ...
Report: Zurich CEO Greco Claims 2019 Cost-Cutting Goal at Halfway Point
Zurich Insurance will have cut costs by $700 million by the end of the year, nearly halfway to its goal to save $1.5 billion by 2019, Chief Executive Mario Greco said in an interview published on ...
Zurich Net Income Grows by Double Digits; Restructuring Program on Track
Zurich Insurance says its restructuring program is on track to achieve its goals over the next few years, continuing its work on cutting expenses, stabilizing its property and casualty business and ...
Artificial Intelligence Is Helping Zurich Insurance With Personal Injury Claims
Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said. "We recently introduced ...