Zurich Insurance
Insurer trio ordered to pay up to £20m over faulty sofas
Axa, Chartis and Travelers will pay a share of up to £20m in compensation to thousands of consumers who received serious chemical burns from sofas manufactured in China.
Fortis affinity boss Carter to lead Tesco Underwriting
Fortis and Tesco Bank have unveiled the structure of their general insurance partnership.
‘Toxic sofa’ victims to receive £20m pay out
The High Court has ordered three furniture retailers to pay £20m to customers who received serious burns from sofas manufactured in China in what is thought to be the largest group litigation in UK legal history.
Zurich puts quake bill at $200m
Zurich announced today that based on preliminary estimates, it expects aggregate claims payments related to the earthquake in Chile of approximately $200m before tax.
New investment head for Zurich
Zurich has appointed Urban Angehrn to the position of head of investment strategy implementation. He replaces Cecilia Reyes, who has been appointed chief investment officer and member of the group executive committee.
New investment head for Zurich
Zurich has appointed Urban Angehrn to the position of head of investment strategy implementation. He replaces Cecilia Reyes, who has been appointed chief investment officer and member of the group executive committee.
Zurich seeks to help brokers navigate MoJ claims review
Zurich has launched a guide for brokers that aims to help them prepare for the implementation of the Ministry of Justice road traffic accident personal injury claims protocol.
Zurich CRO: New report should "stimulate, provoke and challenge"
The World Economic Forum has today published 'Rethinking Risk Management in Financial Services'.
Post Europe Interview: Anne-Sofia Hedin
Sweden has attracted a lot of attention recently, not least because of RSA's growth plans there and the opening of a new Lloyd's representative office. Lynn Rouse speaks to Markel's general manager in Sweden Anne-Sofia Hedin to get a better of idea why…
Insurance Insight Interview: Anne-Sofia Hedin
Sweden has attracted a lot of attention recently, not least because of RSA's growth plans there and the opening of a new Lloyd's representative office. Lynn Rouse speaks to Markel's general manager in Sweden Anne-Sofia Hedin to get a better of idea why…
Thornside appoints account relationship manager
Capita company Thornside has named Mark Outing as its new key account relationship manager.
CSR - microinsurance: Small wonder
Traditional insurance has typically focused on affluent markets, mainly in Western industrialised countries, but insurers willing to go off the beaten track could find microinsurance a rewarding addition to their business, writes Ana Paula Nacif.
Fire claim insurer named
Zurich and Cunningham Lindsey are involved in the claim resulting from last week's blaze in Southampton in which two fire fighters died.
XL targets Irish mid-market
XL Insurance has launched a Dublin-based underwriting operation for middle market casualty business.
Ace boosts trade credit team
Specialty insurer Ace Global Markets has made five appointments to its trade credit teams in London and New York.
Post in print - 8 April
Rehab hits general election agenda; Zurich rethink in wake of Quinn; RSA reviews energy strategy; Marsh wins Commenwealth double; and Capita reflects on McLarens Toplis.
Looking Back - Government pulls plug on EL pilot
Insurers' battle to cut employers' liability claims costs hit another snag this week after the government finally pulled the plug on its fast-track pilot.
Zurich revisits action plan as Quinn faces 12 April D-day
Zurich has outlined its appetite to renew business currently held by Quinn Insurance's UK arm, by offering brokers and customers a 90-day hold covered facility.
Zurich outlook revised upwards by S&P
Standard & Poor's Ratings Services has revised the outlooks on the various operating entities of Switzerland-based insurance group Zurich Financial Services to stable from negative.
Cunningham
Cunningham Lindsey has appointed a fraud manager in its liability services division, to support an increased focus on fraud investigation.
Zurich
Zurich Financial Services Group has appointed Pascal Perritaz as chief financial officer for Asia-Pacific and the Middle East.
Zurich names CEO's successor
Zurich Financial Services has appointed Cecilia Reyes as chief investment officer and member of the group executive committee, effective 1 April 2010, reporting directly to chief executive officer Martin Senn.
Swiss Re appoints new UK boss
Russell Higginbotham has been appointed as head of client markets for Swiss Re in the UK & Ireland.
Zurich to restate results after changing US accounting
Zurich has decided to implement a hedging strategy which it claims will better manage its economic exposure and reduce the volatility associated with its closed block of variable annuities products within its US life business.