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Topic: Zurich Financial Services


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In the News (Sat 5 Dec 09)

  
  Financial services - Wikipedia, the free encyclopedia
Financial services is a term used to refer to the services provided by the finance industry.
Financial services is the largest industry (or industry category) in the world, in terms of earnings; as of 2004, the industry represents 20% of the market capitalization of the SandP 500.
Financial services, while as a whole industry is slow growing, is also extremely fragmented, with the largest company (Citigroup), only having a 3 % US market share.
en.wikipedia.org /wiki/Financial_services   (1428 words)

  
 Zurich Financial Services - Wikipedia, the free encyclopedia
Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland.
Through a dual holding structure, Zurich Financial Services was owned 57% by Swiss-quoted Zurich Allied AG, representing the former shareholders of Zurich Insurance Company, and 43% by London-listed Allied Zurich p.l.c., the de-merged financial services interests of B.A.T Industries p.l.c.
The Zurich brand has been notably promoted in the UK via the sponsorship of the Zurich Premiership rugby union competition in the UK from 2000 to 2005.
en.wikipedia.org /wiki/Zurich_Financial_Services   (700 words)

  
 Zurich Financial Services
Zurich Financial Services is planning to shed 500 jobs in Newcastle, 140 in Portsmouth and 86 in Cardiff in 2007, as part of the reorganisation of its insurance call centres.
Zurich Financial Services is planning to shed up to 2,000 jobs in the UK, as part of a worldwide restructuring that will involve a total of 4,500 jobs losses and the closure of some banking and fund management operations.
Zurich Financial Services is to restructure its UK life insurance business with the loss of 500 jobs, including 170 in Swindon, in order to save £50m a year and outsource non-core activities.
www.ukbusinesspark.co.uk /zus51548.htm   (588 words)

  
 Zurich Financial reports rise in 1Q profit - Boston.com
ZURICH, Switzerland --Swiss insurance company Zurich Financial Services AG on Thursday reported a 1 percent increase in first-quarter net profit despite a heavy charge linked to bid-rigging settlements in the United States.
Zurich was one of the insurance companies linked to an investigation of Marsh and McLennan Cos.
Zurich Financial shares were stopped automatically when the price had dropped 5.1 percent to 265 francs ($219.43).
www.boston.com /business/articles/2006/05/18/zurich_financial_reports_rise_in_1q_profit   (471 words)

  
 St. Paul, Zurich Financial discuss merger: WSJ - Boston.com
Shares in Zurich Financial Services surged on Friday after a report the Swiss insurer was discussing a possible tie-up with St. Paul Travelers Cos.
Zurich had total assets of $339.61 billion at the end of 2005, three times St. Paul's assets of $113.44 billion at the end of September 2005.
Zurich shares have nearly tripled in value since September 2002, but are still less than half their value in January 1999.
www.boston.com /news/world/europe/articles/2006/03/17/st_paul_and_zurich_financial_discuss_merger_wsj   (810 words)

  
 Zurich International Life   (Site not responding. Last check: 2007-11-01)
Zurich International Life Limited is fully authorised under the Isle of Man Insurance Act 1986 which ensures that this company has sound and professional management and provision has been made to protect policyholders.
Zurich International Life Limited is registered (Registration No. 63, February 17,1991) under UAE Federal Law No. 9 of 1984 and its activities in the UAE are governed by such law.
Zurich Financial Services (Isle of Man) Group Services Limited and Zurich International Life Limited are part of the Zurich Financial Services Group which has representation in more than 50 countries.
www.zurichintlife.com /functions/global/viewer.asp?did=12450   (1238 words)

  
 Zeroing In On The Zurich Financial Services Group   (Site not responding. Last check: 2007-11-01)
Zurich American, a subsidiary of Switzerland's Zurich Financial Services, also agreed to pay penalties and costs of the investigation to the three states in the settlement: $39 million to New York, and $13 million each to Connecticut and Illinois.
Zurich was one of the companies Spitzer and state Insurance Superintendent Howard Mills accused of participating in an insurance bid-rigging scheme that used phony bids to fool customers into choosing a pre-determined company within the scheme.
Zurich staff in Germany are expected to transfer during the second half of 2005.
www.the-catbird-seat.net /Zurich.htm   (4136 words)

  
 onwindows.com >> Zurich Financial Services
Zurich also wanted to upgrade its back-end system by creating a flexible platform to help take advantage of new opportunities in the future.
Zurich had a number of separate legacy claims systems, which generate the start of the workflow process.
Since the solution was deployed, Zurich Financial Services has seen a reduction in workload due to the automation of business processes, which has saved time and reduced costs.
www.onwindows.com /profiled/December/zurich.htm   (603 words)

  
 Financial services - Voyager, the free encyclopedia   (Site not responding. Last check: 2007-11-01)
Financial services is the largest industry (or category of industries) in the world in terms of earnings (20% of market cap in the SandP 500 in 2004).
Financial services is the term used to describe those organisations that deal with the management of money.
Financial services, while as a whole industry is slow growing, is also extremely fragmented, with the largest company (Citigroup), only having a 3 percent US market share.
www.voyager.in /Financial_services   (1363 words)

  
 Zurich North America at captive.com
The Zurich Financial Services Group is a global leader in the financial services industry, providing its customers with solutions in the area of financial protection and asset accumulation.
Zurich North America is a leading commercial property-casualty, health and accident insurance provider serving the multinational, middle market and small business sectors in the United States and Canada.
Our policies are reinforced by the services of Zurich's risk management team, a group of highly qualified individuals with extensive underwriting, claims and financial experience in the large accounts industry.
www.captive.com /service/zurichna   (976 words)

  
 Zurich Allied Ag Information | Business.com
Zurich Financial Services was formed in September 1998 through the merger of Zuerich Versicherungsgesellschaft (Zurich Group) and the financial services business of B.A.T. Industries (UK).
Zurich Financial Services is the holding company of a globally operating group of companies active in the fields of life, non-life and re-insurance as well as asset management.
Zurich Financial Services itself is a non-trading company, whereas Zurich Allied AG is trading on the Swiss exchange and Allied Zurich plc on the London stock market, both since September 1998.
www.business.com /directory/financial_services/insurance/zurich_allied_ag/profile   (236 words)

  
 BBC NEWS | Business | Zurich gets Beijing branch boost
Zurich Financial Services has become the first foreign insurer allowed to set up a general insurance office in the Chinese capital, Beijing.
Zurich said there was increasing demand for complex insurance provision, especially from corporate clients.
Zurich Financial's chief executive officer James Schiro said Beijing was home to leading private companies, most large state-owned enterprises, as well as many local and foreign multinational companies.
news.bbc.co.uk /1/hi/business/5004248.stm   (197 words)

  
 Zurich Financial Services - About Zurich
Zurich Financial Services Group is an insurance-based financial services provider with a global network.
Zurich Financial Services Australia (Zurich Australia), whose core business lines are general insurance, life risk, investment and superannuation solutions, today announced it has entered into a three-year football sponsorship contract of the Hyundai A-League.
Zurich Australian Insurance Limited is remunerated by way of receiving premiums when it issues insurance policies and certain factors relating to the premiums can also be found in the relevant Product Disclosure Statement.
www.zurich.com.au /zportal/cs/ContentServer?pagename=GroupSite/Page/ThreeColumn&c=Page&cid=991803150800   (481 words)

  
 Zurich Financial Services - Zurich profits despite hurricanes, tsunami
Switzerland-based insurance giant Zurich Financial Services has reported a 29 per cent increase in net income for 2004 despite the impact of “extraordinary catastrophes” like Hurricane Charley in the United States and the Asian tsunami disaster.
Zurich chief executive James Schiro pinned the group’s resilience in the face of the catastrophes on solid underwriting results, particularly in Continental Europe and the United Kingdom, profitability of its life businesses and strong investment markets.
A spokesperson for Zurich Australia said that although Zurich does not have as large a presence in South East Asia as it does in the United States and Europe, the Asian tsunami still impacted on the group because it insures many US and European based companies with branches in tsunami-affected areas.
www.moneymanagement.com.au /articles/02/0c02d002.asp   (300 words)

  
 Deutsche Bank AG buying Zurich Scudder Investments Inc. from Zurich Financial Services AG   (Site not responding. Last check: 2007-11-01)
If the deal with Zurich Financial, which is still subject to due diligence and regulatory approval, is completed, it will add scale to Deutsche’s U.S. asset-management and private-client businesses.
Zurich Financial first began to look for a buyer for its suite of funds last spring, when it hired Morgan Stanley Dean Witter & Co. and Goldman Sachs & Co. to explore strategic alternatives.
According to a Sept. 24 report by J.P. Morgan Securities Ltd. analyst Susan Holliday, Zurich Financial’s management expects after-tax capital gains to be in the neighborhood of $200M, with the overall deal being slightly accretive in 2002.
www.snl.com /financial_svc/manda/20010924si.asp   (635 words)

  
 Zurich Financial Services   (Site not responding. Last check: 2007-11-01)
Zurich Financial Services Group reported strong growth in net income in the first quarter of 2005 wi...
Zurich Financial Services Group announced the appointment of Johnny Chen, 45, as CEO of its recently...
Zurich Financial Services Group (Zurich) announced that the Insurance Commissioner of the State of C...
www.insurancejournal.com /company/498   (1314 words)

  
 Zurich Services Corporation - Zurich in North America
Zurich Financial Services (www.zurich.com) is an insurance-based financial services provider with a global network that focuses its activities on its key markets in North America and Europe.
Founded in 1872, Zurich is headquartered in Zurich, Switzerland.
In North America, Zurich (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, small business (not offered in Canada), specialties and programs sectors.
www.zurichservices.com /zus/aboutus.nsf   (167 words)

  
 CSC: CSC AND ZURICH FINANCIAL SERVICES SIGN GLOBAL IT APPLICATIONS OUTSOURCING AGREEMENT July 26, 2004
Subject to the successful completion of the required consultation and merger control approvals, Zurich staff in Germany are expected to transfer during the second half of 2005.
“Zurich’s selection of CSC underscores CSC’s acknowledged leadership in global applications management and outsourcing, as well as our wealth of experience in the global financial services industry,” said CSC Chairman and Chief Executive Officer Van B. Honeycutt.
Zurich Financial Services is an insurance-based financial services provider with a global network that focuses its activities on its key markets in North America and Europe.
www.csc.com /industries/financialservices/news/2889.shtml   (508 words)

  
 Zurich Indonesia   (Site not responding. Last check: 2007-11-01)
Zurich Financial Services Group (Zurich) reports a record operating performance for the first nine months of 2005, despite the impact of severe natural catastrophes in the United States and Europe.
Zurich Financial Services AG said first-half net profit jumped 21%, citing robust underwriting and cost controls.
Zurich Financial Services reported a strong increase of 29% in 2004 net income and a significant strengthening of the balance sheet on the basis of the Group's well diversified General and Life insurance portfolio in North America, Europe and in o...
www.zurich.co.id /news.asp   (225 words)

  
 Zurich Financial Services Australia Enhances Service and Reduces Costs With Information Builders' WebFOCUS Software   (Site not responding. Last check: 2007-11-01)
Zurich Financial Services Australia developed a claims-reporting and fleet-analysis tool, named Z Fleet Navigator (ZFN), that gives insurance brokers and their 1,400 fleet-management clients direct, real-time access to complete motor claims histories.
These reports are part of a comprehensive risk-management service Zurich Financial Services Australia provides to help clients better understand the number and types of claims being made in order to identify any trends that might indicate a need for additional training or changes in policy.
ZFN was implemented over a three-month period by the internal information systems team at Zurich Financial Services Australia and with consulting expertise and training from Information Builders.
www.informationbuilders.com /press/06_11_03_zurich_fin.html   (634 words)

  
 Xpertise - Clients - Zurich Financial Services
Zurich Financial Services Group is an insurance-based financial services provider with a global network of subsidiaries and offices worldwide.
As a result of several acquisitions, Zurich in the UK was using a mixture of e-mail systems – instead of the worldwide company standard of Lotus Notes.
Zurich measured the quality of the training and the at desk support (floor walking) in this case using feedback directly from learners.
www.xpertise.co.uk /company/page.aspx?pageID=19355   (566 words)

  
 France Telecom - Equant and Zurich Financial Services Group sign a long term european outsourcing telecom and network ...
Equant (NYSE: ENT) (Euronext Paris: EQU), a recognized industry leader in global IP and data services for multinational businesses, has signed a long term contract with Zurich Insurance Company (Zurich) to manage Zurich Financial Services Group's telecom and network services in seven European countries.
Equant will provide Zurich with a comprehensive solution that includes WAN and LAN management, fixed and mobile voice, Internet access, security services and remote access services.
Zurich Financial Services is an insurance-based financial services provider with an international network that focuses its activities on its key markets of North America, the United Kingdom and Continental Europe.
www.francetelecom.com /en/financials/journalists/press_releases/CP_old/cp031001.html   (510 words)

  
 Zurich Cares - Home   (Site not responding. Last check: 2007-11-01)
Community involvement is high on the agenda for Zurich.
Zurich's Community Trust, a registered charity, is funded by the business and donations from our people.
Zurich awarded PerCent logo for donating at least 1% of pre-tax profits to the Community
www.zurich.org.uk   (260 words)

  
 Zurich Finan Servs Revised IFRS
The main adjust-ments for Zurich result from the adoption of IFRS 4, which relates to the de-finition of an insurance contract.
Zurich has been reporting on an IFRS basis since 1997, and the changes resulting in the restatements are due to new and revised standards rather than the effects of full adoption of IFRS from other national accounting standards, as has been the case with many other organizations.
The adoption of the new and revised IFRS requirements have resulted in a restatement of shareholders' equity from USD 22,181 million to USD 20,670 million as of December 31, 2004.
www.advfn.com /news_revised-ifrs_11170213.html   (384 words)

  
 Zurich Financial Services - article   (Site not responding. Last check: 2007-11-01)
Zurich, June 16, 2003 - Zurich Financial Services Group (Zurich) and American Express Company (American Express) have signed a definitive agreement for the sale of 100% of the ordinary share capital of Threadneedle Asset Management Holdings Ltd (Threadneedle) to American Express Financial Corporation.
The deal is expected to close in the last quarter of the year, subject to approval by regulatory and competition authorities.
Zurich and American Express have also agreed that Threadneedle will maintain its close working relationship with Zurich’s U.K. distribution network, distributing its investment products through both the Zurich Advice Network, one of the largest networks of tied financial advisors in the UK, and the Zurich Independent Financial Advisors Group.
www.zurich.com /main/mediarelations/mediareleases/2003/english/ARTICLE299.htm   (442 words)

  
 Zurich Financial Services "overweight" | newratings.com
Zurich Financial Services quote - chart - all headlines - investor relations - analyst actions - add to watchlist - current ratings
LONDON, May 19 (newratings.com) - Analyst Michael Huttner of JP Morgan maintains his "overweight" rating on Zurich Financial Services (ZFIN.FSE), while raising his estimates for the company.
Zurich Financial Services' share price does not reflect the company's strategy to raise Farmers' retained earnings in order to allow the franchise to self-fund growth, the analyst adds.
www.newratings.com /analyst_news/article_1279546.html   (264 words)

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