Latest news with #ZurichNorthAmerica
Yahoo
6 days ago
- Business
- Yahoo
Zurich North America introduces insurance solution for construction projects
Zurich North America has launched a new insurance structure designed to meet the complex needs of large-scale construction projects. The Fronted Master Builders Risk (MBR) solution has already supported more than $80bn in insurable values, the company said. The newly unveiled solution provides a unified policy framework that encompasses claims handling, risk engineering services and the integration of multinational coverage. The structure will facilitate the management of insurance coverage across different regions and timelines, streamlining the process for both brokers and clients. The solution is tailored for owners and contractors overseeing projects valued at more than $250m and is suitable for both domestic and international projects, the insurer added. The solution offers multi-year terms and global coverage for project bidding and forecasting, with simplified claims administration through a single point of contact. An important advancement within Zurich's offering is the automation of the formerly manual project enrollment process. The company's team has developed a technology-driven workflow that improves the efficiency of integrating multinational coverage, calculating premiums and generating documents. Zurich North America head of construction property Patrick McBride said: "We began developing this at the request of an e-commerce company for one of the largest MBR programmes ever created. "Since its initial introduction, we have rapidly scaled Zurich's Fronted MBR solution into a global offering, based on demand. Brokers and customers immediately grasped the benefits. The enthusiasm we are seeing tells us we are addressing a real need in the market." Zurich Insurance Group reported net income attributable to shareholders after tax of $3.06bn (SFr2.48bn) for the first half of 2025, a 1% increase from the previous year. The company also witnessed 6% growth in its group business operating profit to $4.2bn for the period ending 30 June 2025. "Zurich North America introduces insurance solution for construction projects " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
27-05-2025
- Business
- Yahoo
Zurich North America names Chuck Kaiser Chief Communications Officer
Kaiser brings years of financial services, agency and technology experience to the role. He will lead the insurance provider's communications strategy in North America. SCHAUMBURG, Ill., May 27, 2025 /PRNewswire/ -- Zurich North America is pleased to announce Chuck Kaiser is joining the company as Chief Communications Officer, effective May 27. He will be based at the company's North American headquarters in Schaumburg, Ill., reporting to Zurich North America CEO Kristof Terryn. Kaiser will be responsible for overseeing and executing Zurich's communications strategy for the United States and Canada. He will also focus on enhancing the visibility and reputation of Zurich's brand across North America, strengthening connections with internal and external audiences in support of Zurich's overall strategy and business objectives. "Chuck is an accomplished communications leader with a proven track record in corporate reputation management and strategic communications," said Terryn. "Throughout his career, Chuck has demonstrated an ability to manage complex communications challenges and drive impactful business results." Kaiser brings more than 25 years of experience in corporate communications to Zurich, including senior leadership roles at Vela Capital Management LLC, Edelman, Motorola and Allstate Corp. Most recently, he served as Chief Marketing and Communications Officer at Vela Capital Management LLC, where he was responsible for marketing, business development and thought leadership initiatives. Kaiser holds bachelor's degrees in journalism and political science from University of Missouri-Columbia. He has served in board roles with the (Chicago) Metropolitan Planning Council and the Mizzou Alumni Association and is a frequent speaker on trust in business. About Zurich North AmericaZurich North America delivers insurance and risk management services to help make businesses and people more resilient. As one of the largest providers of insurance solutions and services to businesses and individuals, Zurich serves mid-sized and large businesses, including over 90% of the Fortune 500. It employs 10,000 people in the United States and Canada. Recognized by Fortune as one of the "World's Most Admired Companies," Zurich has earned its reputation through dedication and excellence. Zurich North America is part of Zurich Insurance Group (Zurich), a leading global multi-line insurer founded over 150 years ago. Zurich serves over 75 million customers in more than 200 countries and territories, delivering industry-leading total shareholder returns. Reflecting its purpose to "create a brighter future together," Zurich offers protection services that go beyond traditional insurance, to support its customers in building resilience. Since 2020, the Zurich Forest project has supported reforestation and biodiversity restoration in Brazil's Atlantic Forest. The Group has more than 63,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at and View original content to download multimedia: SOURCE Zurich North America Sign in to access your portfolio
Bloomberg
14-05-2025
- Business
- Bloomberg
PGIM, Zurich North America and Fifth Third Bancorp on AI
Mike Baker, Senior Vice President, Chief Information & Technology Officer, PGIM; Kristen Bessette, Chief Data Officer, Zurich North America; and Jude Schramm, Executive Vice President & Chief Information Officer, Fifth Third Bancorp speak with Bloomberg's Niraj Patel about how AI is driving innovation and transforming industries at the Winning the Innovation Game: Modernizing IT Without Disruption event in New York. (Source: Bloomberg)
Yahoo
11-04-2025
- Business
- Yahoo
Zurich North America appoints new head of management liability
Zurich North America, a provider of commercial insurance products and services, has appointed Eric Amadori as the head of management liability – public. Effective immediately, Amadori will report to Nora Hattauer, Financial Lines head, the insurer said. The Financial Lines group at Zurich delivers management liability coverages to a diverse range of clients, from large publicly traded companies to privately held middle market businesses and non-profit organisations. Hattauer said: 'Eric comes to Zurich with over 20 years of experience underwriting and managing financial lines products. 'His deep technical knowledge in management liability will help us deliver best-in-class solutions to publicly traded companies and their brokers.' Amadori will be joining forces with Paul Giliberto, who oversees management liability for private and non-profit entities. The team is a segment of the Specialties business unit at Zurich, known for providing a suite of insurance coverages including directors & officers (D&O), employment practices liability, fiduciary liability and crime insurance. Amadori previously served as managing director of Markel's management professional liability team for 14 years. His background also includes leadership and underwriting positions at Arch Insurance and AIG. Zurich expects Amadori's expertise to be instrumental in driving the success of the Financial Lines team, which also offers Zurich Multinational solutions such as D&O coverage through International Towers by Zurich. In January 2025, Zurich North America reinforced its commitment to specialisation by establishing a new Specialties business unit, amalgamating its Construction, Surety and Financial Lines businesses. Kelly Kinzer, the former head of construction, was appointed to lead this new unit. Additionally, Zurich streamlined its customer and distribution management function, now led by John Diaz, who previously managed US Middle Market Underwriting. This comprehensive overhaul aligns with Zurich Insurance's latest three-year business plan, which was unveiled during Zurich Investor Day 2024 in November. "Zurich North America appoints new head of management liability – public" was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
