Zurich Insurance to Acquire ANZ’s Life Businesses in Australia for US$2.14B
Zurich Insurance Group announced that it has entered into an agreement to acquire 100 percent of ANZ’s life insurance businesses, OnePath Life, in Australia, for A$2.85 billion (US$2.14 billion). Both...
View ArticleZurich’s Acquisition of ANZ Life Unit Designed to Boost Dividends
Zurich Insurance Group AG’s decision to acquire the life-insurance businesses of Australia & New Zealand Banking Group Ltd. should help Switzerland’s biggest insurer fulfill its ambition to...
View ArticleZurich Insurance Raises Dividend as Cost Cuts Bear Fruit
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...
View ArticleZurich’s H1 Net Income Rises 19%, Getting Boost from P/C Unit
Zurich Insurance Group AG got a boost from its property & casualty business, putting the company on track to meet Chief Executive Officer Mario Greco’s three-year restructuring goals. The Swiss...
View ArticleZurich Insurance Reports 24% Jump in 2018 Net Income Driven by Life, P/C Units
Zurich Insurance’s reported 2018 net income after tax of $3.72 billion, a 24 percent jump from $3.0 billion it reported in 2017 – primarily driven by growth in its life business and improved...
View ArticleZurich Completes Acquisition of ANZ’s Life Insurance Business in Australia
Zurich Insurance Group said it has completed the acquisition of the life insurance businesses of Australia & New Zealand Banking Group Ltd. (ANZ), becoming a major life insurer for retail customers...
View ArticleZurich Insurance Expects to Beat Targets as It Enters Final Stretch of...
Zurich Insurance Group AG said it expects to beat all its financial targets for the 2017-2019 period as the global insurer enters the the final stretch of a three-year turnaround. “In 2016, we gave...
View ArticleZurich CEO Says Big Transnational M&As Won’t Solve Industry Fragmentation:...
The European insurance sector is too fragmented but large cross-border deals are not the solution to the problem, the head of Europe’s fifth-biggest insurer Zurich said in a newspaper interview on...
View ArticleFinancial Services CEOs in Davos Complain They Can’t Save Planet Without...
As the financial industry comes under pressure to avoid funding dirty energy, the heads of Citigroup Inc. and Zurich Insurance Group AG said they need their clients to do more work too. “I say to our...
View ArticleChanges at Zurich: New Digital Team; New CEOs for Asia Pacific, North...
Zurich Insurance Group is launching a new unit to expand digital services platform worldwide. The company has also appointed several new chief executive officers for key regions. The new Global...
View ArticleIn Both Hard and Soft Markets, Zurich Aims to Maintain Focus on Underwriting...
Zurich Insurance Group has worked hard to turn around its financial results over the past five years by bringing underwriting back to the organization, with a greater focus on selecting the right...
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