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Corporation
FINANCE | Insurance
zurich.com

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Investments

16

Portfolio Exits

9

Partners & Customers

10

About Zurich Insurance Group

Zurich Insurance Group (OTCMKTS: ZURVY) is a multi-line insurer that serves customers in global and local markets. Zurich provides a wide range of property and casualty, and life insurance products and services to individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The company was founded in 1872 and is based in Zurich, Switzerland.

Zurich Insurance Group Headquarter Location

Mythenquai 2

Zurich, 8002,

Switzerland

+41 44 625 22 22

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Expert Collections containing Zurich Insurance Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Zurich Insurance Group in 1 Expert Collection, including Insurtech.

I

Insurtech

26 items

2020 Top 25 US P&C Insurers based on Gross Written Premiums in 2019, per NAIC

Zurich Insurance Group Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Zurich Insurance Group Rank

Research containing Zurich Insurance Group

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CB Insights Intelligence Analysts have mentioned Zurich Insurance Group in 2 CB Insights research briefs, most recently on Aug 26, 2020.

Latest Zurich Insurance Group News

Zurich reports its highest first-half operating profit surge in 14 years

Aug 11, 2022

| Insurance Business Canada Zurich Insurance Group has reported that its business operating profit (BOP) surged 25% to $3.393 million in the first half of 2022, its highest in 14 years and second highest ever. All regions and business lines contributed to the stellar results. Property and casualty operating profit rose 32% to $2.055 million for the first six months ending June 30, with a record-low combined ratio of 91.9%. Life operating profit rose 13% to $903 million. Mario Greco, Zurich Group chief executive officer, praised the results, saying they show “the solidity of our business and the value of our mid-term transformation.” “The P&C business reported today its best-ever combined ratio, with continued robust top-line growth. Our life business also continued to produce excellent results with one of the strongest ever performances for operating profit despite the adverse impact of capital markets and headwinds from currency movements,” Greco added. Net income after tax attributable to shareholders was $2.2 billion, up 1% over the prior-year period, despite adverse effects from financial markets. The increase in BOP was largely offset by negative mark-to-market effects, Zurich said. Zurich noted the impact of COVID-19 continues to decline, with pandemic-related losses in its life business falling to $26 million from $137 million, and in Farmers life to $32 million from $42 million. Meanwhile, benefits due to reduced claims frequency in the P&C business were “immaterial” compared with $109 million in the prior-year period. The group continues to focus on optimising its capital allocation. In the first half, Zurich announced agreements to sell two legacy traditional life insurance back books in Italy and Germany. “We are on track to beat all our targets for the second successive three-year cycle,” said Greco. “This is particularly remarkable because the last three years have brought unprecedented and unexpected challenges. These results show our agility and our commitment to deliver results, no matter what happens in the markets.” SHARE Ridge Canada Ridge Canada Ridge Canada Cyber Solutions Inc., a leading cyber insurance provider in Canada, is proud to welcome James Bennett as the newest member of the firm. James joins the underwriting team as a Senior Vice President, Management Liability and is the first member of the Ridge Canada team in the Management Liability arena

Zurich Insurance Group Investments

16 Investments

Zurich Insurance Group has made 16 investments. Their latest investment was in BOXX Insurance as part of their Series A on September 9, 2021.

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Zurich Insurance Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/22/2021

Series A

BOXX Insurance

$10M

Yes

6

2/22/2021

Corporate Minority

MyPolicy

Yes

2

7/3/2019

Corporate Minority - III

autoSense

Yes

1

1/31/2019

Biz Plan Competition

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10

1/31/2019

Biz Plan Competition

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10

Date

9/22/2021

2/22/2021

7/3/2019

1/31/2019

1/31/2019

Round

Series A

Corporate Minority

Corporate Minority - III

Biz Plan Competition

Biz Plan Competition

Company

BOXX Insurance

MyPolicy

autoSense

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Amount

$10M

New?

Yes

Yes

Yes

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Co-Investors

Sources

6

2

1

10

10

Zurich Insurance Group Portfolio Exits

9 Portfolio Exits

Zurich Insurance Group has 9 portfolio exits. Their latest portfolio exit was Zurich Insurance Group - Legacy Germany Life Insurance Back Book on June 24, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/24/2022

Divestiture

Zurich Insurance Group - Legacy Germany Life Insurance Back Book

$99M

1

5/20/2022

Divestiture

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$99M

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10

1/3/2022

Divestiture

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$99M

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10

11/20/2019

Acquired

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$99M

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10

12/3/2018

Shareholder Liquidity

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$99M

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10

Date

6/24/2022

5/20/2022

1/3/2022

11/20/2019

12/3/2018

Exit

Divestiture

Divestiture

Divestiture

Acquired

Shareholder Liquidity

Companies

Zurich Insurance Group - Legacy Germany Life Insurance Back Book

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Zurich Insurance Group Acquisitions

19 Acquisitions

Zurich Insurance Group acquired 19 companies. Their latest acquisition was alphachat on December 16, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/16/2021

$99M

Acquired

10

8/4/2021

$99M

Acquired Unit

2

10/8/2020

$99M

Acquired

1

10/8/2020

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$99M

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10

1/15/2020

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$99M

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10

Date

12/16/2021

8/4/2021

10/8/2020

10/8/2020

1/15/2020

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

Acquired Unit

Acquired

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Sources

10

2

1

10

10

Zurich Insurance Group Partners & Customers

10 Partners and customers

Zurich Insurance Group has 10 strategic partners and customers. Zurich Insurance Group recently partnered with Binah.ai on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/11/2022

Vendor

Israel

TEL AVIV, Israel (PRWEB)May 11, 2022. Binah.ai continues to bolster the future of insurance through its recent win as a top company selected by Zurich Insurance Group (Zurich)

Binah.ai , the leading provider of general health and wellness video-based monitoring solutions powered by artificial intelligence , today announced that it has been selected as one of 12 start-ups chosen from 2,600 applicants that submitted to Zurich 's global startup tournament , the Zurich Innovation Championship , created by Zurich Insurance Group .

1

1/6/2022

Client

United States

11:57 ET Zurich Resilience Solutions adds DEI service for customers

ZRS ' relationship with Inclusion Score will give customers access to some of the world 's leading experts on diversity , equity and inclusion and increase the scope of solutions ZRS is able to provide .

1

9/29/2021

Partner

Germany, and United Kingdom

Compass Group, SAP and Zurich Insurance Group join forces to make supply chains fairer and more sustainable across Europe

Compass Group , SAP and Zurich Insurance Group join forces to make supply chains fairer and more sustainable across Europe .

1

9/26/2021

Partner

Canada

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10

8/5/2021

Partner

Singapore

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10

Date

5/11/2022

1/6/2022

9/29/2021

9/26/2021

8/5/2021

Type

Vendor

Client

Partner

Partner

Partner

Business Partner

Country

Israel

United States

Germany, and United Kingdom

Canada

Singapore

News Snippet

TEL AVIV, Israel (PRWEB)May 11, 2022. Binah.ai continues to bolster the future of insurance through its recent win as a top company selected by Zurich Insurance Group (Zurich)

Binah.ai , the leading provider of general health and wellness video-based monitoring solutions powered by artificial intelligence , today announced that it has been selected as one of 12 start-ups chosen from 2,600 applicants that submitted to Zurich 's global startup tournament , the Zurich Innovation Championship , created by Zurich Insurance Group .

11:57 ET Zurich Resilience Solutions adds DEI service for customers

ZRS ' relationship with Inclusion Score will give customers access to some of the world 's leading experts on diversity , equity and inclusion and increase the scope of solutions ZRS is able to provide .

Compass Group, SAP and Zurich Insurance Group join forces to make supply chains fairer and more sustainable across Europe

Compass Group , SAP and Zurich Insurance Group join forces to make supply chains fairer and more sustainable across Europe .

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Sources

1

1

1

10

10

Zurich Insurance Group Team

33 Team Members

Zurich Insurance Group has 33 team members, including current Chief Executive Officer, Mario Greco.

Name

Work History

Title

Status

Mario Greco

Chief Executive Officer

Current

James J Schiro

Chief Executive Officer

Current

George Quinn

Chief Financial Officer

Current

Ericson Chan

Chief Information Officer

Current

Peter Giger

Chief Investment Officer

Current

Name

Mario Greco

James J Schiro

George Quinn

Ericson Chan

Peter Giger

Work History

Title

Chief Executive Officer

Chief Executive Officer

Chief Financial Officer

Chief Information Officer

Chief Investment Officer

Status

Current

Current

Current

Current

Current

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