Zurich Insurance
Industry leaders hammer out key conference season concerns
Less government intervention in business, the cost of regulation and the planned increase in insurance premium tax top the list of topics that the insurance industry wants addressed ahead of the annual political conference season.
Tune in to live webinar today at 15:00 on the subject of pricing
Given the competitive nature of the insurance market, chief underwriting officers and their teams face multifaceted challenges making sure that they are pricing risks both correctly and competitively.
Zurich appointed for self-driving buses tests
The EU-funded research project into automated buses across Europe, City Mobil 2, has appointed Zurich as insurance associate for a series of tests of the technology across the continent.
Editor's Comment: Avoiding heartbreak
Sometimes the best thing to do is call it all off early on – it is less likely to cause heartache and in many cases it’s the bravest thing to do.
Hester surprised at Zurich deal collapse
RSA group CEO Stephen Hester has confessed his shock at Zurich's decision to break off talks about an acquisition of the company.
Future bids expected for RSA as Zurich pulls plug on acquisition
RSA's appeal as an acquisition target has not been diminished by Zurich's decision to pull the plug on takeover talks, according to market analysts, who have nevertheless suggested that a future deal is unlikely to take place in the short term.
Zurich abandons RSA approach
Zurich has abandoned its bid to buy UK rival RSA after poor trading in its general insurance business.
C-Suite - Insurer: Which way now?
The market is in transition and will continue to change – it’s an exciting time to be in insurance.
Blog: Do we need a Royal Society for the Protection of British Insurers?
Speaking to someone yesterday they wondered aloud why more noise had not been made about the fact that an increasing number of traditional British insurance brands were potentially on the chopping block.
RSA sells Latin American operations
RSA has sold its Latin American operations to Colombia's GrupoSura for around £403m in cash.
Zurich's global GI CEO Kerner to step down
Mike Kerner, Zurich's global CEO of general insurance, is leaving the business at the end of 2015 citing personal reasons.
Career Development: Endsleigh celebrates Golden Jubilee
Endsleigh has begun its Golden Jubilee year, celebrating 50 years of insuring students and young professionals.
Former Zurich CEO Riddell returns to Pool Re as non-exec
Pool Re has recruited former Zurich Global Corporate boss Geoffrey Riddell as a non-executive director.
Autonomous Trucks: The road to autonomy
As the first autonomous truck gets a road licence in the US, how will the introduction of driverless fleets affect the industry?
Zurich deal represents 'excellent value' for RSA shareholders
Zurich’s proposed offer for RSA represents “excellent value” for RSA shareholders, according to analysts at Berenberg investment bank, but the case for Zurich shareholders is less compelling, they suggest.
Zurich proposes 550p a share cash offer for RSA
Swiss giant Zurich made a proposal this morning (25 August) to purchase RSA's entire share capital in cash for 550p a share, which RSA's board said it could recommend subject to further negotiations.
Zurich asks RSA to extend bid timeframe
Zurich has asked RSA for more time to make a formal offer for the business ahead of the bid deadline tomorrow, according to reports.
Blog: Could bids for RSA Lat Am arm help Hester scupper Zurich takeover?
With the clock ticking before Zurich has to put up or shut up in line with the takeover panel code rules, it is no surprise to see speculation intensifying as to what might happen with RSA.
UK PI sector to reach £1.5bn GWP in 2019, Timetric predicts
The UK professional indemnity insurance sector will be worth more than £1.5bn in 2019, advisory firm Timetric has forecast.
Insurers pessimistic about swift NIHL claims drop despite government action
Government-led measures to clamp down on unmeritorious industrial deafness claims will not trigger a short-term decline in record-breaking claims volumes, according to industry bosses, although the prospect of a Medco extension has been mooted as a long…
Blog: Five big percentages to emerge from the latest results season
Other than an over-use of the word "benign", insurers' first half/second quarter results statements were also littered with significant percentage figures - both good and bad. This is Post's round-up of some of the headline-grabbing numbers.
Competition: Win a Panasonic Toughpad tablet and Lumix camera
Zurich engineers are busting the “boring insurance” myth daily by scaling wind turbines out to sea and climbing giant construction cranes to insure the safety of some of the UK’s largest industrial equipment.
Zurich UK GI boss Sharma notes 'benefits' of RSA tie-up
Zurich’s UK general insurance boss Vibhu Sharma believes "synergies" could be achieved from a takeover of RSA but said the insurer would focus on making improvements in its own business if a deal could not be reached.
Zurich UK GI faces ‘a struggle ahead’ as H1 profit falls by 50%
Business operating profit for Zurich’s UK general insurance business halved to £50m in the first six months of 2015 (H1 2014: £100m) as the insurer suffered a higher than average number of large losses, only partially offset by benign weather.