Zurich Insurance
Zurich abandons RSA approach
Zurich has abandoned its bid to buy UK rival RSA after poor trading in its general insurance business.
C-Suite - Insurer: Which way now?
The market is in transition and will continue to change – it’s an exciting time to be in insurance.
Blog: Do we need a Royal Society for the Protection of British Insurers?
Speaking to someone yesterday they wondered aloud why more noise had not been made about the fact that an increasing number of traditional British insurance brands were potentially on the chopping block.
RSA sells Latin American operations
RSA has sold its Latin American operations to Colombia's GrupoSura for around £403m in cash.
Zurich's global GI CEO Kerner to step down
Mike Kerner, Zurich's global CEO of general insurance, is leaving the business at the end of 2015 citing personal reasons.
Career Development: Endsleigh celebrates Golden Jubilee
Endsleigh has begun its Golden Jubilee year, celebrating 50 years of insuring students and young professionals.
Former Zurich CEO Riddell returns to Pool Re as non-exec
Pool Re has recruited former Zurich Global Corporate boss Geoffrey Riddell as a non-executive director.
Autonomous Trucks: The road to autonomy
As the first autonomous truck gets a road licence in the US, how will the introduction of driverless fleets affect the industry?
Zurich deal represents 'excellent value' for RSA shareholders
Zurich’s proposed offer for RSA represents “excellent value” for RSA shareholders, according to analysts at Berenberg investment bank, but the case for Zurich shareholders is less compelling, they suggest.
Zurich proposes 550p a share cash offer for RSA
Swiss giant Zurich made a proposal this morning (25 August) to purchase RSA's entire share capital in cash for 550p a share, which RSA's board said it could recommend subject to further negotiations.
Zurich asks RSA to extend bid timeframe
Zurich has asked RSA for more time to make a formal offer for the business ahead of the bid deadline tomorrow, according to reports.
Blog: Could bids for RSA Lat Am arm help Hester scupper Zurich takeover?
With the clock ticking before Zurich has to put up or shut up in line with the takeover panel code rules, it is no surprise to see speculation intensifying as to what might happen with RSA.
UK PI sector to reach £1.5bn GWP in 2019, Timetric predicts
The UK professional indemnity insurance sector will be worth more than £1.5bn in 2019, advisory firm Timetric has forecast.
Insurers pessimistic about swift NIHL claims drop despite government action
Government-led measures to clamp down on unmeritorious industrial deafness claims will not trigger a short-term decline in record-breaking claims volumes, according to industry bosses, although the prospect of a Medco extension has been mooted as a long…
Blog: Five big percentages to emerge from the latest results season
Other than an over-use of the word "benign", insurers' first half/second quarter results statements were also littered with significant percentage figures - both good and bad. This is Post's round-up of some of the headline-grabbing numbers.
Competition: Win a Panasonic Toughpad tablet and Lumix camera
Zurich engineers are busting the “boring insurance” myth daily by scaling wind turbines out to sea and climbing giant construction cranes to insure the safety of some of the UK’s largest industrial equipment.
Zurich UK GI boss Sharma notes 'benefits' of RSA tie-up
Zurich’s UK general insurance boss Vibhu Sharma believes "synergies" could be achieved from a takeover of RSA but said the insurer would focus on making improvements in its own business if a deal could not be reached.
Zurich UK GI faces ‘a struggle ahead’ as H1 profit falls by 50%
Business operating profit for Zurich’s UK general insurance business halved to £50m in the first six months of 2015 (H1 2014: £100m) as the insurer suffered a higher than average number of large losses, only partially offset by benign weather.
Hester bigs up RSA's ‘stand-alone' value in face of Zurich deal
RSA's strategy dictates it will have a strong stand-alone value in the coming years, according to group CEO Stephen Hester who has assured shareholders he is serving their interests in the face of a potential takeover bid from Zurich.
Large losses and rising expenses hamper Zurich's first half global results
Zurich blamed a 15% fall in pre-tax global profits to $2.2bn (£1.4bn) in the first half of 2015 on a significantly lower contribution from its GI business.
Young driver IPT exemption unlikely despite positive government talks
Hopes of securing an exemption from the insurance premium tax hike for young drivers are dwindling, despite “constructive” talks between industry figures and the Department for Transport last week.
Top 30 European Insurers: The cream of the crop
Post, in association with AM Best, has compiled a list of the top 30 European non-life insurers. How have the rankings changed since 2013 – and how have currency fluctuations changed the standings of those dealing primarily in US dollars?
Peak Re hires Burri as reinsurer targets Zurich office
Jacqus Burri has been hired by Hong Kong-headquartered reinsurer Peak Re to work in Zurich.
RSA pushing for 600p per share offer from Zurich
RSA is said to be angling for a 600p per share price from interested purchaser Zurich - an increase on last week's reported price of 550p per share, according to reports.