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Zurich Insurance Group AG (ZURN.S)

ZURN.S on Virt-X Level 1

302.00CHF
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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

Expert System signs agreement with Zurich Insurance Group
Wednesday, 12 Apr 2017 08:15am EDT 

Expert System SpA : Signs agreement with Zurich Insurance Group for cognitive computing solutions .Expert System will deliver cognitive computing solutions to Zurich Insurance Group (Zurich) across business units worldwide.  Full Article

Cover-more Group says Court approves Scheme of Arrangement
Thursday, 30 Mar 2017 09:15pm EDT 

Cover-more Group Ltd : Expects to lodge copy of court's orders approving scheme with Australian Securities And Investments Commission on 3 April 2017 . It is expected that trading in Cover-More's shares on ASX will be suspended from close of trading on Monday, 3 April 2017 .Court approved scheme of arrangement between Cover-More and shareholders under which Zurich Insurance through unit will acquire all of shares in co.  Full Article

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

Deals of the day-Mergers and acquisitions

Dec 12 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday: