Zurich Insurance Appoints de Swaan Chairman, Replacing Ackermann
Zurich Insurance Group AG named Tom de Swaan chairman, replacing Josef Ackermann, who stepped down after the suicide of Chief Financial Officer Pierre Wauthier. Fred Kindle, 54, chairman of Exova...
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 by 1,800
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 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 ArticleZurich Names Generali’s Greco as CEO, with Task of Driving Turnaround
Zurich Insurance Group AG hired Assicurazioni Generali SpA’s Mario Greco as chief executive officer, giving him the task of turning around the company, after losses in its general insurance business...
View ArticleUpdate: Zurich Reports 4Q Loss of $424M, vs. Profit of $860M in Q4 2014
Zurich Insurance Group AG reported a worse-than-expected loss in the fourth quarter as the company makes plans to turn around its unprofitable general insurance unit. The net loss was $424 million...
View ArticleRisk Accumulation Aggravated Zurich’s Tianjin Port Explosion Losses: Chairman
Zurich Insurance Group AG is fixing how it detects risks after miscommunication among units aggravated losses from a port explosion in China last year, Chairman and acting Chief Executive Officer Tom...
View ArticleZurich Chairman Predicts Improved Results; New CEO Greco Reviews Strategy
Zurich Insurance Group AG will see improving results this year after taking steps to cut costs and overhaul units following unexpected losses at its general insurance unit, according to Chairman Tom de...
View ArticleZurich Insurance Deploys Robots for Personal Injury Claims Handling
Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said. “We recently introduced AI...
View ArticleEx-Swiss Re CEO Liès to Be Named Chair of Zurich Insurance, Succeeding de Swaan
Zurich Insurance Group’s board of directors announced it will elect the former group CEO of Swiss Re, Michel M. Liès, as its new chairman. The election will be held at the group’s annual general...
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