Preparing for smooth sailing – whatever Brexit outcome is reached

Preparing for smooth sailing – whatever Brexit outcome is reached

Preparing for smooth sailing – whatever Brexit outcome is reached

As the UK Government sets out its desired future relationship with the EU and the negotiations move into their final phase in the coming months, it will come as no surprise that Brexit is a subject featuring more and more in our conversations with customers and distributors alike. Understandably, they want to know what the post-Brexit world will mean for…

Credibility and predictability are everything in global programmes

Credibility and predictability are everything in global programmes

Credibility and predictability are everything in global programmes

Helene Westerlind, a Swedish citizen, joined Zurich as liability claims adjuster in 2003 before becoming a liability underwriter. Between 2008 and 2016 she held various leadership roles within Zurich Global Corporate, both in operations and underwriting services. In September 2016, Ms Westerlind was offered a new role as global head of international programmes within Zurich’s new commercial insurance business operation.…

Managing employee safety risks

Managing employee safety risks

Managing employee safety risks

It is often said that its employees are the most valuable asset a business has, and as a risk manager, protecting people should be your top priority. As a risk manager, you are broadly responsible for protecting the three ‘Ps’ of your business – its property, its people and its profitability. While these are clearly connected in many cases –…

Designing Captives for Latin America

Designing Captives for Latin America

Designing Captives for Latin America

Risk management in large organisations has evolved considerably but the implementation of new approaches varies by region. Outside Latin America, captives are more readily accepted as a way of managing corporate risk but there has been increased activity within that region, and it is no secret that captive solutions have gained momentum. There are now more than 100 captive insurance…

Zurich premium growth flat in Q1 as focus turns to profit

Zurich premium growth flat in Q1 as focus turns to profit

Zurich premium growth flat in Q1 as focus turns to profit

Zurich Insurance Group saw P&C first-quarter premiums climb to $9.33bn from $8.92bn, up 5% in US dollars but down 1% on a like-for-like basis in local currencies. The firm said it is focused on profitability and on course to meet its 2019 targets, which include cost savings of $1.5bn following a restructuring of the group’s global corporate business. In US…

Developing a climate resilience strategy

Developing a climate resilience strategy

Developing a climate resilience strategy

Climate change is no longer an ‘emerging risk.’ It has become a reality, with concentrations of carbon dioxide in the atmosphere now in excess of 400 parts per million and growing evidence of a rise in the frequency and intensity of extreme weather events. But it is more than just the climate that is changing. Rapid urbanisation, ageing infrastructure, increased…

Zurich announces EMEA leadership transition

Zurich announces EMEA leadership transition

Zurich announces EMEA leadership transition

AXA’s Amanda Blanc will join Zurich as CEO of Europe, Middle East & Africa (EMEA) later this year, as Gary Shaughnessy steps down from the role. Ms Blanc will also replace Mr Shaughnessy on Zurich’s executive committee when she joins the firm in the fourth quarter. Mr Shaughnessy has decided to step down from his full-time role to ensure a…

Effective network management is key to successful global programmes

Effective network management is key to successful global programmes

Effective network management is key to successful global programmes

Risk managers require many things from their insurer when it comes to serving their global insurance programmes. To begin with, they are looking for a network that covers all the territories in which their company needs insurance and risk management services. But they are also concerned with how the network is set up, and the quality and performance of network…

Latin American acquisitions create regional hub for Zurich’s Cover-More

Latin American acquisitions create regional hub for Zurich’s Cover-More

Latin American acquisitions create regional hub for Zurich’s Cover-More

Zurich Insurance Group has entered into agreements to acquire 19 leading providers of traveller assistance in Latin America, to boost the growth of its Cover-More business. The acquired businesses operate under the Travel Ace and Universal Assistance brands. Cover-More is Zurich’s specialist global travel insurance and assistance solutions business. The transaction involves 19 legal entities operating throughout Latin America, most…

Zurich set to acquire QBE’s Latin American operations

Zurich set to acquire QBE’s Latin American operations

Zurich set to acquire QBE’s Latin American operations

Zurich Insurance has entered into an agreement to acquire the Latin American operations (Argentina, Brazil, Colombia, Ecuador and Mexico) of QBE for $409m. According to Zurich, the deal will position Zurich as the leading insurer in Argentina and the number three insurer in Ecuador. Zurich said it will also build incremental scale in Brazil, Colombia and Mexico. The transaction is…

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