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Chubb seeks 49% of India’s Kotak General Insurance, has edge over Zurich -sources

by AIP Online Bureau | Jul 25, 2023 | Indian News, Non-Life

Kotak General Insurance continues to have discussions with Zurich, though separate talks with private equity firm Carlyle have not worked out, the people added MUMBAI: U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has...

After Munich Zurich Insurance quits Net-Zero Insurance Alliance

by AIP Online Bureau | Apr 9, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Zurich’s departure will raise further questions about the workability of voluntary industry associations targeting emissions reductions. While GFANZ, as the biggest finance sector initiative with sub-groups covering insurance to banking, has raised the awareness among...

Zurich to sell a portfolio of German life insurance policies to Cinven’s Viridium Group

by AIP Online Bureau | May 12, 2022 | International News, Life

French insurer AXA SA is also exploring a sale of German life insurance assets, people with knowledge of the matter said. The portfolio has attracted interest from suitors including Apollo Global Management Inc.’s Athora arm, according to the people Zurich Insurance...
Zurich Insurance removes Z symbol after letter used to show support for Ukraine war

Zurich Insurance removes Z symbol after letter used to show support for Ukraine war

by AIP Online Bureau | Mar 28, 2022 | Facts, Life, Non-Life

“We are temporarily removing the use of the letter ‘Z’ from social channels where it appears in isolation and could be misinterpreted,” the company told Reuters in a statement ZURICH: Zurich Insurance has removed its Z logo from social media...

Zurich introduces vehicle protection products for eVs

by AIP Online Bureau | Dec 1, 2021 | International News, Non-Life, Reinsurance, Risk Management, Technology

An electric vehicle operates on an electric circuit run by computers. Repairs on items such as an electronic display screen can cost thousands of dollars. A high-voltage battery is one of the most expensive components in an EV with average replacement costs of $5,500....
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