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Zurich Insurance Group AG (ZURN.S)

ZURN.S on Virt-X Level 1

299.20CHF
18 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Zurich Chairman Says Well On Track To Meet 2017-2019 Targets
Wednesday, 4 Apr 2018 08:33am EDT 

April 4 (Reuters) - Zurich Insurance Group AG ::Outgoing Chairman Says Well On Track To Meet 2017 - 2019 FINANCIAL TARGETS.  Full Article

Zurich Insurance proposes Alpiq CEO Jasmin Staiblin for board seat
Thursday, 8 Mar 2018 01:20am EST 

March 8 (Reuters) - Zurich Insurance Group says::Board of Directors will propose to shareholders to elect Jasmin Staiblin to the Board for a one year term of office.Staiblin is the Chief Executive Officer of Alpiq <<>>, a leading Swiss energy services provider and electricity producer in Europe which is listed on the SIX Swiss Exchange.Fred Kindle, Vice-Chairman of the Board at Zurich, and Susan Bies, a member of the Board, will retire from the Board, effective at the conclusion of the Annual General Meeting.  Full Article

Zurich Insurance CEO sees premiums increase continuing in 2018 - CNBC
Thursday, 8 Feb 2018 02:00am EST 

Feb 8 (Reuters) - Zurich Insurance CEO SAYS ON CNBC::‍​SEES FURTHER INSURANCE PRICE INCREASES IN 2018, CANNOT YET SAY HOW MUCH .NOT NERVOUS ABOUT VOLATILITY IN MARKETS, WE STILL SEE MARKETS AS TRENDING UP AND EXPECT ECONOMIES TO DELIVER GDP GROWTH.  Full Article

Zurich Insurance CFO - wouldn't see share buybacks of same scale in future
Thursday, 8 Feb 2018 01:17am EST 

Feb 8 (Reuters) - Zurich Insurance Group AG ::ZURICH INSURANCE CEO SAYS SEES CLEAR POTENTIAL FOR COMBINED RATIO IMPROVEMENT IN COMING RESULTS.ZURICH INSURANCE CEO SAYS COST REDUCTION FOCUSING ON EUROPE AND THE UNITED STATES, AS WELL AS TECHNOLOGY EFFICIENCIES.ZURICH INSURANCE CEO SAYS SHARE REPURCHASE A TARGETED MEASURE, PURPOSE WILL BE FULFILLED THIS YEAR.ZURICH INSURANCE CFO SAYS WOULDN'T SEE SHARE REPURCHASES OF THE SAME SCALE IN THE FUTURE.ZURICH INSURANCE CEO SAYS LONG WAY FROM SEEING INFLATION COMING BACK.ZURICH INSURANCE CEO SAYS WILL CONTINUE LOOKING FOR M&A OPPORTUNITIES, PROGRESSIVELY EXPANDING CAPACITY TO SERVE CUSTOMERS IN INNOVATIVE WAYS.  Full Article

Zurich Insurance says company remains strongly capitalised after ANZ deal
Tuesday, 12 Dec 2017 07:18am EST 

Dec 12 (Reuters) - Zurich Insurance Group Ag says::ZURICH INSURANCE SAYS COMPANY REMAINS STRONGLY CAPITALISED AFTER ANZ DEAL.ZURICH INSURANCE SAYS: EXPECTS WILL GET BACK ABOUT HALF OF PURCHASE PRICE OF ANZ BUSINESS IN FIRST FIVE YEARS.  Full Article

Zurich Insurance CFO: payout ratio must reflect sustainable earnings performance
Thursday, 9 Nov 2017 07:00am EST 

Nov 9 (Reuters) - Zurich Insurance CFO says:in the market, already seing some pretty substantial double-digit price increases going through in some property lines‍​.payout ratio must reflect sustainable earnings performance.expect net premiums to be broadly flat for the year, unchanged guidance.  Full Article

Lloyds Banking to buy Zurich UK workplace pensions and savings unit
Thursday, 12 Oct 2017 06:15am EDT 

Oct 12 (Reuters) - Lloyds Banking Group Plc ::ACQUISITION OF ZURICH PENSIONS & SAVINGS BUSINESS.‍ENTERED INTO AN AGREEMENT WITH ZURICH TO ACQUIRE ITS UK WORKPLACE PENSIONS AND SAVINGS BUSINESS WITH ASSETS UNDER ADMINISTRATION OF 19 BILLION STG​.‍ACQUISITION IS EXPECTED TO PARTIALLY CLOSE IN Q1 OF 2018​.  Full Article

Zurich Insurance reinsures $2.3 bln book with Reinsurance Group of America
Thursday, 18 May 2017 12:05pm EDT 

May 18 (Reuters) - Zurich Insurance Group Ag :says subsidiary Farmers New World Life signed an agreement with Reinsurance Group of America <<>> to reinsure a portion of its closed U.S. annuity book, representing reserves of roughly $2.3 billion."The transaction with Reinsurance Group of America is another example of how the Group actively manages its capital and sharpens its business profile. This transaction reduces risk and continues the process of simplifying the group and releasing capital from non core activities as communicated at the time of our investor day in 2016," CFO George Quinn said in a statement.  Full Article

Zurich Insurance CFO: cost saving target "absolutely achievable"
Thursday, 11 May 2017 02:49am EDT 

May 11 (Reuters) - Zurich Insurance Group Ag CFO says:Don't expect any similar impact from changes to Ogden rate in subsequent quarters.already see prices in british P&C insurance market rising in response to changes to Ogden rate.$1.5 billion 2019 cost saving target "absolutely achievable".  Full Article

Zurich Insurance says completes acquisition of Cover-More
Thursday, 13 Apr 2017 01:22am EDT 

Zurich Insurance Group Ag :Says Zurich completes acquisition of Cover-More.  Full Article

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Zurich Insurance CFO says big mergers disrupt business: CNBC

ZURICH Zurich Insurance Group will focus on operational improvements and bolt-on acquisitions, its finance chief said on Wednesday, adding mega-mergers disrupt business and rarely provide value to investors.