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AM Best Withdraws Credit Ratings of Zurich Insurance plc, the Ireland subsidiary of Zurich Insurance Group Ltd
Insurance Group Ltd (Zurich). The outlook of the FSR is stable while the outlook of the Long-Term ICR is positive. Concurrently, AM Best has withdrawn the Credit Ratings (ratings) ...
Source: BestWire   Date: March 29, 2023
Zurich NA Head of Professional Liability: Some Cyberrisks Are Unquantifiable
View the video version of this interview here. Following is an edited transcript of the interview. Q: What have you seen in the cyber market in the past several years? A: The past ...
Source: BestWire   Date: March 28, 2023
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Zurich American Fighting Harvard Appeal Related to Admissions Case in Supreme Court
President and Fellows of Harvard College. The SFFA action alleges that Harvard College administers its student admissions plan and process in violation of federal discrimination ...
Source: BestWire   Date: March 22, 2023
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Zurich Insurance CEO Sees Progress in Retail, Life Segments; Commercial Lines Shine
Zurich Insurance Group Ltd. saw strong commercial lines growth in 2022, as the group pushes for improvements in its retail and life insurance segments, said its chief executive ...
Source: BestWire   Date: February 9, 2023
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Aflac, Zurich Insurance Confirm Cyber Breaches in Japan
Zurich Insurance Group Ltd.'s Japan unit both confirmed a cyberattack in the country involving data for about 2 million customers from the two insurers combined. "Upon becoming ...
Source: BestWire   Date: January 12, 2023
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Zurich North America, ICS Collaborate on Sustainable Group Captive Envision Re
Strategies to create Envision Re Ltd., a group captive that will include companies from a number of industries seeking to optimize their risk management programs and advance ...
Source: BestWire   Date: January 11, 2023
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AM Best Assigns Credit Ratings to Zurich Insurance plc
Insurance Group Ltd (Zurich) (Switzerland). The outlook assigned to the FSR is stable while the outlook assigned to the Long-Term ICR is positive. The ratings factor in ZIP's ...
Source: BestWire   Date: December 16, 2022
AM Best Affirms and Withdraws Credit Ratings of Zurich Insurance plc
Insurance Group Ltd (Zurich) (Switzerland). The outlook of the FSR is stable while the outlook of the Long-Term ICR is positive. Concurrently, AM Best has withdrawn the Credit ...
Source: BestWire   Date: December 9, 2022
Zurich Completes Italian Life and Pensions Back Book Sale to GamaLife
Zurich Insurance Group Ltd. said its subsidiary Zurich Investments Life S.p.A. completed the sale of a life and pensions back book composed of both traditional and unit-linked ...
Source: BestWire   Date: December 1, 2022
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Scor Reinsures $2.03 Billion in UK Pension Liabilities for Balfour Beatty
Balfour Beatty Pension Trust Ltd. The deal covers the pensions of more than 15,000 members of the Balfour Beatty Pension Fund's defined benefit section, protecting the trustee of ...
Source: BestWire   Date: November 30, 2022
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Washington Appeals Court Rules Insurer Owes Coverage Despite Third-Party Payment
Zurich American Insurance Co. unit owes T-Mobile USA Inc. coverage for a data breach despite the company receiving partial recovery of some of its $17.3 million in costs, a ...
Source: BestWire   Date: November 30, 2022
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PartnerRe, Zurich Complete $1.19 Billion Pension Longevity Swap
Zurich Insurance Group Ltd. entity as an intermediary. Completed in the fourth quarter of 2021, the transaction was MetLife's first longevity swap of U.K. pension scheme ...
Source: BestWire   Date: November 22, 2022
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Best’s Rankings: Florida Leads Nation in Homeowners Premium
California and fast-growing Idaho and Montana. Direct premium for homeowners carriers, total United States, reached $119.7 billion in 2021, an 8.4% rise from 2020. BestLink reports ...
Source: BestWire   Date: November 18, 2022
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Citing Recent Improvements, Zurich Insurance Accelerates Profitability Ambitions
Zurich Insurance Group Ltd.'s chief executive officer said the group is setting higher targets for the next three years as it looks to exceed all of its current financial goals. ...
Source: BestWire   Date: November 16, 2022
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Zurich Insurance CFO: Third-Quarter Rate Gains Moderated; Hurricane Ian Losses at $550 Million
Chief Financial Officer George Quinn in a conference call. The group expects to prune some parts of its catastrophe portfolio as had been going on before Ian but doesn't expect to ...
Source: BestWire   Date: November 10, 2022
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Farmers CEO Calls on Industry and Regulators to Clarify, Communicate, Reduce Climate Risk
Chief Executive Officer Jeff Dailey. "We're the experts on risk. We should be able to tell you how risky something is by sending pricing signals. If people understood the true cost ...
Source: BestWire   Date: November 4, 2022
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Citing Missed Deadline, Judge Dismisses Harvard Complaint Against Zurich in Discrimination Case
Zurich and attorneys for Harvard were not immediately successful. Harvard's original complaint is an insurance coverage action brought against its excess insurance company Zurich ...
Source: BestWire   Date: November 4, 2022
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Mondelez, Zurich American Settle $100 Million ‘War Exclusion’ Lawsuit
Mondelez sued Zurich American Insurance Co. in 2018 over its denying its coverage when Mondelez computer systems were corrupted by the 2017 NotPetya cyberattack (BestWire, Jan. 24, ...
Source: BestWire   Date: November 2, 2022
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AM Best Affirms Credit Ratings of Farmers New World Life Insurance Company and Farmers Reinsurance Company
...Farmers Re) (Woodland Hills, CA). The outlook of these Credit Ratings (ratings) is stable. The ratings of FNWL reflect its balance sheet strength, which AM Best assesses as very ...
Source: BestWire   Date: October 21, 2022
AM Best Affirms Credit Ratings of Zurich Insurance Group Ltd and Its Main Rated Subsidiaries
Group Ltd (Zurich) (Switzerland). At the same time, AM Best has affirmed the Long-Term ICR of "a" (Excellent) of Zurich (a non-operating holding company). The outlook of the FSR is ...
Source: BestWire   Date: October 21, 2022

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