Banks & Insurance

Zurich announces the successful placement of CHF 400 million of senior debt

Submitted by J. Mikhail on Fri, 05/20/2022 - 11:54

Zurich Insurance Group (Zurich) today announced the successful placement of CHF 400 million of senior unsecured Notes (the “Notes”).

The Notes will mature in July 2029. The transaction was targeted at Swiss investors.

The Notes will be issued by Zurich Insurance Company Ltd and carry a fixed coupon of 1.125%.

The transaction has been conducted for general corporate purposes.

Contacts

Media Relations

Zurich releases 2021 Annual Report and Sustainability Report

Submitted by J. Mikhail on Fri, 05/20/2022 - 11:51

Annual Report features new integrated sustainability disclosure underscoring Zurich’s focus on conducting business responsibly and transparently
Sustainability Report highlights actions on climate, inspiring confidence in a digital society and strengthening the sustainability of the workforce
Zurich publishes the agenda for the Annual General Meeting that takes place on April 6, 2022, without the physical presence of shareholders
Peter Maurer up for election to Board of Directors, while all the o

Zurich delivers one of the best results in its history

Submitted by J. Mikhail on Fri, 05/20/2022 - 11:21

Zurich delivers one of the best results in its history; expects to meet or exceed all 2022 targets Group business operating profit (BOP) rises 35% to USD 5.7 billion in 2021; net income attributable to shareholders rises 36% to USD 5.2 billion Proposed dividend of CHF 22 per share, an increase of 10% on prior year Property & Casualty (P&C) BOP rises 50% to USD 3.1 billion; P&C combined ratio at 94.3%, the lowest level in the past 15 years Strong growth in P&C with gross written premiums (GWP), up 12% in commercial insurance and 8% in retail and SME like-for-like1

Subscribe to Banks & Insurance