Zurich

Berenberg brands IFRS 17 ‘confusing’ for policyholders

Analysts claimed the relative lack of transparency will allow carriers to earn higher margins for longer.

Rachel Dalton, 09 June 2023
Zurich hails ‘robust’ growth as Q1 P&C premiums rise 6% to $11.97bn

Growth was mainly driven by rate increases, with North America accounting for 50% of P&C expansion.

Samuel Casey, 17 May 2023
Aviva, ABI and Zurich quit CBI amid sexual misconduct allegations

The trade body is in crisis following a string of misconduct allegations, including alleged rape.

Samuel Casey, 21 April 2023
Canada’s largest mutual Beneva joins Net-Zero Insurance Alliance

Beneva has signed up to net-zero targets as a member of the NZIA, following a period of turbulence in which Munich Re, Zurich and Hannover Re have left the alliance.

Marcel Le Gouais, 21 April 2023
Aviva commits to NZIA membership after exits destabilise alliance

Aviva has said it is committed to the Net-Zero Insurance Alliance, in the wake of withdrawals from the group by Zurich, Munich Re and Hannover Re.

Marcel Le Gouais, 20 April 2023
Hannover Re becomes third carrier to leave Net Zero Insurance Alliance

Hannover Re has followed Zurich and Munich Re in announcing its departure from the Net Zero Insurance Alliance, though it offered no explanation for its decision.

Marcel Le Gouais, 19 April 2023
Energy liability underwriters warn on pricing as Repsol claim hits $600mn

The loss hits a market grappling with social and economic inflation, plus increased reinsurance costs.

Samuel Casey, 17 April 2023
Zurich becomes second insurer to withdraw from NZIA

Zurich’s decision comes less than a week after Munich Re decided to withdraw from the UN-backed initiative.

Aisling Finn, 05 April 2023
Insurance sector has ‘very limited’ exposure to bank AT1s: Berenberg

Analysts find carriers have few investments in bank debt after Credit Suisse rescue.

Rachel Dalton, 22 March 2023
Insurance stocks drop as financial sector reels from SVB collapse

The collapse of Silicon Valley Bank is creating investor fear across the global financial services sector.

Rachel Dalton, 13 March 2023
Zurich ‘tactically’ increased participation on Farmers quota share: Greco

Executives noted that changes capping cat exposure via the treaty made it a less capital-intensive transaction for Zurich than in the past.

Aisling Finn, 09 February 2023
Zurich drops global agg treaty and adds US quake swap of $200mn for 2023

The carrier has upped its global all-perils cat coverage to $1.2bn since January last year.

Liz Bury, 09 February 2023