Zurich posts sharp drop in 2015 profit, Greco starts in March
Zurich Insurance Group has posted what its own chief executive has called a “disappointing” set of results, recording a 37% drop in operating profit for 2015.
Zurich Insurance Group has posted what its own chief executive has called a “disappointing” set of results, recording a 37% drop in operating profit for 2015.
Zurich Insurance Group has announced that Mario Greco, the group chief executive of Italian insurer Generali, has agreed to take on the top job at the Swiss-based giant.
Zurich’s Global Life business is expected to show results “in line with expectations”, according to a preliminary update on the fourth quarter of 2015.
Lombard International Assurance is to buy the Luxembourg-based private banking division of Zurich Eurolife S.A.
At an International Adviser roundtable in Dubai, life companies agreed one thing is certain, large scale regulatory change for the region is in the air.
The Zurich Insurance Group’s decision to pull out of the international life business in Singapore, where it had been a big part of the market for a long time, was the top story from Asia, among a series about industry restructurings which dominated coverage in 2015.
Gary Shaughnessy, chief executive of Zurich UK Life, has been named chief executive of Zurich’s Global Life business and appointed to the group’s executive committee.
The Zurich Insurance Group is to cut back its general insurance operation in Middle East as part of a global restructuring that has seen it also exit the life business in Singapore.
After ten years with Zurich Insurance Group, six as group chief executive, Martin Senn has decided, by mutual agreement with the board of directors, to step down at the end of the year.
Zurich International Life, part of the Swiss-based Zurich Insurance Group, has announced that it will stop writing new business in Singapore from Tuesday, 1 December.
Zurich International Life’s head of market management MEA, Walter Jopp, sees huge growth potential in the protection market, especially the non-resident Indian (NRI) segment.
Zurich Life Insurance in Hong Kong has announced the departure of Andy Robinson, chief propositions officer, after 15 years of service in senior positions with the company.