Zurich Insurance Group
[2] As of 2021,[update] the group is the world's 112th largest public company according to Forbes' Global 2000s list,[3] and in 2011, it ranked 94th in Interbrand's top 100 brands.[8] Through 1894, it acquired licenses to conduct business in Austria, Prussia, Denmark, Sweden, Norway, the rest of Germany, France, Belgium, the Netherlands, Spain, Poland, Russia, Italy, Luxembourg, and Liechtenstein.Due to legal settlements in the area of workers' compensation, it took a risk and entered the North American market in 1912, starting in the states of New York, Illinois, New Jersey, and Massachusetts in the US.As part of a new brand strategy, "Vita" became "Zurich" Life Insurance Company in 1993, operating in the market under the name "Zürich Leben"."In recognition of this strategic focus, the reference to financial services in the company name has been replaced by indicating the insurance activity of the Group instead and to specify the purpose accordingly.Despite years of highly profitable business operations, the focus was put on recent events which forced Senn to step down.[22] On 3 January 2022, Zurich Insurance Group announced that its Italian subsidiary, Zurich Investments Life S.p.A. had agreed to sell its life and pension back book to the Portuguese insurer and wealth management platform GamaLife – Companhia de Seguros de Vida, S.A. (GamaLife), for an undisclosed sum.[23][24] In March 2022, Zurich Insurance Group retired the short logo (a white Z in a blue circle) due to the symbol's association with the Russian invasion of Ukraine.ZIP writes non-life insurance business across the European Union through its Irish head office and network of branches.[30] In July 2023, it was announced that ZIP would undergo a "cross-border conversion" from a public limited company in Ireland to a Aktiengesellschaft (stock corporation) in Germany.awards, a program created as a living legacy to the four employees killed on 9/11: John Keohane, Peggy Alario, Kathy Moran and Ludwig Picarro.[42] In 2006, Zurich Financial Services settled a $171 million case relating to bid rigging and price fixing in the United States."The whole anti-competitive scheme was an intentional smoke screen by several insurance players to artificially inflate premiums and pay improper commissions to those who brokered the deals."The states included in the settlement were Texas, California, Florida, Hawaii, Maryland, Massachusetts, Oregon, Pennsylvania and West Virginia.[48] An SEC director stated, "By knowingly financing their hedge funds clients' deceptive market timing, ZCM reaped substantial fees at the expense of long-term mutual-fund shareholders".[52] In March 2022, Zurich Insurance suspended the use of its logo containing an encircled "Z" on social media due to the widespread international association of an enclosed "Z" as a support of Russian violence against Ukrainians.
PublicTraded asFinancial servicesZürichMichel LièsMario GrecoInsuranceGeneral insuranceHealth insuranceVehicle insuranceTravel insuranceHome insuranceLife insuranceMortgage loansInvestment managementAsset managementTotal assetsTotal equityForbesSIX Swiss Exchangereinsuranceaccident insuranceAustriaPrussiaDenmarkSwedenNorwayGermanyFranceBelgiumNetherlandsPolandRussiaLuxembourgLiechtensteintransport insuranceliability insuranceNorth AmericanstatesNew YorkIllinoisNew JerseyMassachusettsBarcelonasubsidiaryUnited KingdomCanadaGreat BritainLisbonSydneyBuenos AiresNebraskaMarylandKansas CitySão PauloBermudaMexicofitness trailsredemption fundsSeptember 11 attacksassets under managementDeutsche BankBritish American TobaccoSwiss Market IndexFTSE 100holding companylistingLondonBanco SantanderLatin AmericaMartin SennGeneraliGamaLife – Companhia de Seguros de Vida, S.A.Russian invasion of UkraineSchaumburg, IllinoisOverland Park, KansasFarmers Insurance GroupMetLifepublic limited companyAktiengesellschaft9/11 Tribute CenterNew OrleansKatrinaMadrid, Spainbid riggingprice fixingUnited States Securities and Exchange Commissionhedge fundsmutual fundmarket timingauto insurancesocial mediaan enclosed "Z" as a support of Russian violence against UkrainiansZurich Art PrizeWayback MachineThe TelegraphEliot SpitzerPrivate EyeReutersAmericasAmerican Family InsuranceAmerican International GroupBerkshire HathawayCNA FinancialCUNA Mutual GroupFM GlobalThe HartfordHumanaLiberty MutualMarkel CorporationManulifeMassMutualMutual of AmericaMutual of OmahaNational Life GroupNationwide Mutual Insurance CompanyNew York Life Insurance CompanyNorthwestern MutualOhio National Life Insurance CompanyPacific LifeProgressive CorporationPrudential FinancialState FarmSun Life FinancialUnitedHealth GroupWestern & Southern Financial Group