Zurich Ad Campaign Seeks to Restore Insurer to Normality
By rolling out television, print and billboard marketing campaigns on Monday, Zurich Insurance is aiming to advertise business as usual after a suicide and resignation in the Swiss-based insurer’s top...
View ArticleZurich Insurance Shares Drop as 4th Quarter Profit Drops 20%
Zurich Insurance Group AG, Switzerland’s biggest insurer, fell short of an earnings target as fourth- quarter profit fell 20 percent on lower income from the general insurance unit. The shares...
View ArticleFinance Execs Question Effectiveness of Regulation to Prevent Future Crises
Chief executive officers and chairmen of some of Europe’s biggest banks and insurance companies called for more studies on the effectiveness and impact of regulation to prevent financial crises. While...
View ArticleZurich Aims to Cut Costs by $1B, Seeking to Reverse Earnings Decline
Zurich Insurance Group AG, Switzerland’s biggest insurer, will cut costs by more than planned as it seeks to reverse a drop in earnings. Chief Executive Officer Martin Senn said he will make additional...
View ArticleZurich Insurance Confirms Offer for RSA – if Made – Would Be in Cash
Zurich Insurance Group AG said any offer for RSA Insurance Group would be in cash. Wednesday’s statement from Zurich means “there’s a very high likelihood that it will come through with an offer in the...
View ArticleZurich Insurance Prepares Financing Ahead of Possible Offer for RSA: Sources
Zurich Insurance Group AG is raising financing ahead of a possible takeover offer for RSA Insurance Group, according to people familiar with the matter. The Swiss insurer is talking to banks about...
View ArticleZurich Q2 Net Income Falls to $840M From $848M; CEO Weighs RSA Offer
Zurich Insurance Group AG, the Swiss firm considering a bid for the UK’s RSA Insurance Group plc, reported profit that missed analysts estimates as earnings dropped 43 percent at the general insurance...
View ArticleZurich Insurance’s Investors Grow Impatient with CEO Senn’s Strategy
Martin Senn, Zurich Insurance Group AG’s chief executive officer, is considering a bid for RSA Insurance Group plc, one of the U.K.’s biggest insurers, after a cost-cutting program failed to revive...
View ArticleZurich Insurance Offers $8.8 Billion to Acquire UK’s RSA
Zurich Insurance Group AG, Switzerland’s largest insurer, proposed to buy the UK’s RSA Insurance Group plc for about 5.6 billion pounds ($8.8 billion). RSA is willing to recommend the possible offer of...
View ArticleInvestor Doubts Remain About Zurich’s $8.8B Tentative Offer for UK’s RSA
Zurich Insurance Group AG’s announcement that it’s considering a 5.6 billion-pound ($8.8 billion) offer for RSA Insurance Group plc is leaving investors in doubt that the takeover will happen at that...
View ArticleZurich to Arrange $8.4 Billion in Financing for Takeover of UK’s RSA: Sources
Zurich Insurance Group AG has arranged 5.5 billion pounds ($8.4 billion) in financing for the takeover of smaller rival RSA Insurance Group plc, according to people with knowledge of the plan,...
View ArticleZurich Insurance Q3 Profit Falls 79% on Losses from Tianjin Port Explosions
Zurich Insurance Group AG said profit fell 79 percent in the third quarter after it booked $275 million in losses from the Tianjin disaster and set aside $367 million more in reserves to cover mainly...
View ArticleZurich Insurance Plans to Replace CEO Senn, Reports Swiss Magazine
Zurich Insurance Group AG is seeking to replace Chief Executive Officer Martin Senn after third-quarter losses forced it to abandon its bid for Britain’s RSA Insurance Group Plc, according to a Swiss...
View ArticleZurich CEO Senn Resigns; de Swaan Appointed to Interim Role After ‘Setbacks’
Zurich Insurance Group AG’s Chief Executive Officer Martin Senn resigned, acknowledging “setbacks” in recent months as losses forced the company to abandon a high-profile takeover bid for RSA Insurance...
View ArticleZurich CEO Senn’s Departure May End Era of Generous Dividends
As Zurich Insurance Group AG begins the search for a chief executive officer, investors may need to prepare for more than a new face. An end to the company’s generous dividends could also be on the...
View ArticleZurich Insurance Increases Job Cuts & Relocations to at Least 1,800 Positions
Zurich Insurance Group AG, Switzerland’s biggest insurer, is increasing job cuts and relocations to a total of at least 1,800 at the company reduces costs and overhauls its biggest unit. The company...
View ArticleZurich Insurance to Appoint Generali’s Greco as CEO: Swiss Newspaper
Zurich Insurance Group AG will appoint Mario Greco, the head of its Italian rival Assicurazioni Generali SpA, as chief executive officer, Swiss newspaper SonntagsZeitung reported, without saying how it...
View ArticleGenerali Investors Rattled About Report that Zurich Intends to Poach CEO Greco
Uncertainty over whether Mario Greco will stay on as chief executive of Generali rattled investors in Italy’s top insurer on Monday after a Swiss newspaper reported rival Zurich Insurance was set to...
View ArticleUpdate: Zurich Insurance Group Expects Q4 2015 Loss in General Insurance
Zurich Insurance Group AG fell to the lowest in more than three years after Switzerland’s biggest insurer put shareholders on notice that it expects a second straight quarterly loss in its general...
View ArticleGenerali Shares Drop on Greco’s Decision to Join Zurich as CEO
Assicurazioni Generali SpA dropped to the lowest since July 2013 after Chief Executive Officer Mario Greco said he was leaving the Italian insurer to head Zurich Insurance Group AG. Generali, which has...
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