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Zurich Insurance Group AG (ZURVY.PK)

ZURVY.PK on OTC Markets Group

28.89USD
24 Mar 2017
Change (% chg)

$0.23 (+0.79%)
Prev Close
$28.66
Open
$28.89
Day's High
$28.97
Day's Low
$28.86
Volume
76,428
Avg. Vol
106,573
52-wk High
$29.18
52-wk Low
$20.29

Latest Key Developments (Source: Significant Developments)

Zurich Ins CEO: strategy doesn't depend on acquisitions
Thursday, 9 Feb 2017 04:09am EST 

Zurich Insurance CEO says : position on M&A is our strategy does not depend on acquisitions . focusing on organic growth Further company coverage: [ZURN.S] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

Zurich Insurance CEO says no target on job cuts
Thursday, 9 Feb 2017 04:05am EST 

Zurich Insurance CEO Mario Greco says : not going to target any specific number of job cuts through 2019 . will be very hard to create new jobs in next years Further company coverage: [ZURN.S] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

Zurich Insurance CEO says cautiously optimistic for 2017
Thursday, 9 Feb 2017 03:00am EST 

Zurich Insurance : CEO - 2017 is turning into possibly a better financial year, cautiously optimistic, see signs economies are turning for the better Further company coverage: [ZURN.S] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

Zurich Insurance proposes Catherine P. Bessant to join board of directors
Wednesday, 8 Feb 2017 11:50am EST 

Zurich Insurance Group Ag says : proposes Catherine P. Bessant for election to board of directors . election will take place at the Annual General Meeting on March 29, 2017 . Bessant has been Chief Operations and Technology Officer at Bank of America since 2010 . all the current board members will stand for re-election for another one-year term Further company coverage: [ZURN.S] (Reporting By Zurich newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Cover-More Group intends to declare special dividend
Thursday, 2 Feb 2017 05:14pm EST 

Cover-more Group Ltd : Intends to lodge a draft scheme booklet in relation to the proposed acquisition of all of the shares in Cover-More by Zurich . Scheme booklet is expected to be dispatched to Cover-More shareholders on or around Friday, 24 February . Under SIA, cover-more is permitted to declare and pay an interim and/or special dividend of up to A$0.05 per share . If scheme proceeds and special dividend is declared, cover-more shareholders will receive scheme consideration of $1.90 cash per share .No interim dividend will be declared for FY2017.  Full Article

Hotai Motor says Hozan Investment to acquire stake in Zurich Insurance (Taiwan)
Tuesday, 17 Jan 2017 02:12am EST 

Hotai Motor Co Ltd <2207.TW> : Says Hozan Investment Co Ltd acquires 99.73 percent outstanding common shares of Zurich Insurance (Taiwan) Ltd .Says transaction amount at T$6.8 billion ($215.67 million).  Full Article

Zurich Insurance: cost cuts should improve general insurance combined ratio - CFO
Thursday, 17 Nov 2016 03:59am EST 

Zurich Insurance in a conference call to journalists ahead of its London investor day said : CFO: given normal nat cat level, expense reduction should mean general insurance combined ratio in 95-96 percent range over 2017-2019 period . CEO: we continue to look at market opportunities for disposals or purchases . CEO: M&A not a priority Further company coverage: [ZURN.S] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

Zurich Ins: capital levels should give confidence in dividend - CFO
Thursday, 10 Nov 2016 03:00am EST 

Zurich Insurance CFO Daniel Quinn told Reuters: capital levels should give investors confidence in dividend policy . additional capital repatriation not a major topic for group, focusing on operational improvement Further company coverage: [ZURN.S] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

Zurich CEO says M&A not high on the agenda today
Thursday, 11 Aug 2016 02:26am EDT 

Zurich Insurance Ceo : Says expect to deliver further improvements in h2 . Zurich ceo says will continue looking at our portfolio and consider exit opportunities where don't see enough commitment . Zurich cfo says as of end of june, costs of around $230 million related to restructuring . Zurich ceo says cost cutting goals have to be discussed in november .Zurich ceo says m&a not high on the agenda today.  Full Article

Allianz buys Zurich Morocco for 244 million euros
Friday, 17 Jun 2016 09:22am EDT 

Allianz says : To acquire Zurich Assurances Maroc, a subsidiary of Zurich Insurance Company in Morocco. . Zurich Morocco unit has gross premiums of 114 million eur .Purchase price is 244 million euros.  Full Article

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MILAN, March 16 Italy's biggest insurer Generali on Thursday played down the prospects of a takeover as it reported its highest ever full-year operating profit and said it would raise dividends and speed up cost cuts.