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United Kingdom

Zurich Insurance Group AG (ZURN.S)

ZURN.S on Virt-X Level 1

306.80CHF
23 May 2018
Change (% chg)

CHF-5.80 (-1.86%)
Prev Close
CHF312.60
Open
CHF311.20
Day's High
CHF311.70
Day's Low
CHF305.80
Volume
582,647
Avg. Vol
700,876
52-wk High
CHF321.80
52-wk Low
CHF275.10

Latest Key Developments (Source: Significant Developments)

Zurich Insurance says completes share buyback programme
Tuesday, 22 May 2018 

May 22 (Reuters) - Zurich Insurance Group AG ::ZURICH INSURANCE SAYS THAT ON MAY 18, 2018 IT HAS COMPLETED ITS PUBLIC SHARE BUY-BACK PROGRAM OF UP TO 1.74 MILLION SHARES WHICH IT LAUNCHED ON APRIL 11, 2018.ZURICH INSURANCE SAYS WITH COMPLETION OF SHARE BUYBACK PROGRAM, THE GROUP HAS CONCLUDED ITS ANTI-DILUTION MEASURES ANNOUNCED ON FEBRUARY 8, 2018 CONSISTING OF THE REPURCHASE OF SHARES IN THE AMOUNT OF APPROXIMATELY USD 1 BILLION.  Full Article

Zurich Insurance Group AG Says Accelerates Growth Of Its Cover-More Business With Acquisition In Latin America‍​
Monday, 12 Mar 2018 

March 12 (Reuters) - Zurich Insurance Group Ag ::SAYS ACCELERATES GROWTH OF ITS COVER-MORE BUSINESS WITH ACQUISITION IN LATIN AMERICA‍​.SAYS TRANSACTION ENCOMPASSES 19 LEGAL ENTITIES OPERATING THROUGHOUT LATIN AMERICA, MOST NOTABLY IN ARGENTINA, BRAZIL, CHILE, COLOMBIA AND MEXICO.SAYS THE TRANSACTION IS OPPORTUNITY TO RESHAPE TRAVEL ASSISTANCE IN LATIN AMERICAN.  Full Article

QBE Insurance Group Sells Latin American Ops To Zurich Insurance Group ​
Sunday, 25 Feb 2018 

Feb 26 (Reuters) - Qbe Insurance Group Ltd ::‍QBE ANNOUNCES SALE OF LATIN AMERICAN OPERATIONS​.PROFIT ON SALE BEFORE TAX ESTIMATED AT AROUND $100 MILLION.‍SALE WILL POSITIVELY IMPACT GROUP'S APRA PCA MULTIPLE AND S&P CAPITAL POSITION DUE TO PROFIT ON SALE​.ESTIMATED AGGREGATE CONSIDERATION FOR DEAL IS $409 MILLION SUBJECT TO CLOSING ADJUSTMENTS.‍TRANSACTIONS ARE SUBJECT TO REGULATORY APPROVALS IN EACH JURISDICTION AND ARE EXPECTED TO CLOSE BY END OF 2018​.QBE PUERTO RICO TO BE RETAINED BY QBE TO FACILITATE SERVICING OF CLAIMS RESULTING FROM HURRICANE MARIA.‍ENTERED INTO AGREEMENTS WITH ZURICH INSURANCE GROUP FOR SALE OF ITS OPS IN ARGENTINA, BRAZIL, COLOMBIA, ECUADOR AND MEXICO​.‍SALE WILL LOWER RISK CHARGES AND DISPOSAL OF APPROXIMATELY $42M OF GOODWILL AND INTANGIBLE ASSET​.  Full Article

Zurich Insurance says company remains strongly capitalised after ANZ deal
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Zurich Insurance Group Ag says::ZURICH INSURANCE SAYS COMPANY REMAINS STRONGLY CAPITALISED AFTER ANZ DEAL.ZURICH INSURANCE SAYS: EXPECTS WILL GET BACK ABOUT HALF OF PURCHASE PRICE OF ANZ BUSINESS IN FIRST FIVE YEARS.  Full Article

Zurich Insurance CFO: payout ratio must reflect sustainable earnings performance
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Zurich Insurance CFO says:in the market, already seing some pretty substantial double-digit price increases going through in some property lines‍​.payout ratio must reflect sustainable earnings performance.expect net premiums to be broadly flat for the year, unchanged guidance.  Full Article

Lloyds Banking to buy Zurich UK workplace pensions and savings unit
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Lloyds Banking Group Plc ::ACQUISITION OF ZURICH PENSIONS & SAVINGS BUSINESS.‍ENTERED INTO AN AGREEMENT WITH ZURICH TO ACQUIRE ITS UK WORKPLACE PENSIONS AND SAVINGS BUSINESS WITH ASSETS UNDER ADMINISTRATION OF 19 BILLION STG​.‍ACQUISITION IS EXPECTED TO PARTIALLY CLOSE IN Q1 OF 2018​.  Full Article

Cover-More says co agrees to takeover offer from Zurich Insurance
Monday, 12 Dec 2016 

Cover-More Group Ltd : Says Zurich Insurance Co Ltd will acquire all of ordinary shares in Cover-More by way of a scheme of arrangement . Says Cover-More shareholders will be entitled to receive A$1.95 cash per share . Says offer at scheme consideration implied enterprise value of A$854 million, on a fully diluted basis . Says Cover-More's board unanimously recommends scheme . Says Cover-More is permitted to pay an interim and/or special dividend on or prior to implementation of scheme .Says expects to deliver EBITDA in range of $54 million to $57 million for FY17.  Full Article

Zurich CEO says M&A not high on the agenda today
Thursday, 11 Aug 2016 

Zurich Insurance Ceo : Says expect to deliver further improvements in h2 . Zurich ceo says will continue looking at our portfolio and consider exit opportunities where don't see enough commitment . Zurich cfo says as of end of june, costs of around $230 million related to restructuring . Zurich ceo says cost cutting goals have to be discussed in november .Zurich ceo says m&a not high on the agenda today.  Full Article

Allianz buys Zurich Morocco for 244 million euros
Friday, 17 Jun 2016 

Allianz says : To acquire Zurich Assurances Maroc, a subsidiary of Zurich Insurance Company in Morocco. . Zurich Morocco unit has gross premiums of 114 million eur .Purchase price is 244 million euros.  Full Article

Zurich CEO says new structure will see redundancies, cannot quantify at the moment
Friday, 10 Jun 2016 

Zurich Insurance says in media call : Zurich insurance CEO says too early to talk about dividend of 2017 . CEO Says Will Report Soon On Progress On Reshaping The Business, Will Show That Actions Taken Will Restore Profitability Of Company . Zurich CEO says not ready today to speak about possible costs from introducing new structure . Zurich Insurance CEO says in next weeks or months will quantify impact of new structure and how this could impact cost saving targets . Zurich CEO confirms current cost saving target . Zurich CEO Greco says new structure wasn't driven by cost cuts, adds there will be redundancies from new structure but cannot quantify this at the moment . Zurich CEO Greco says by September we will know exactly what the impact in terms of cost reductions and possible extraordinary costs from new structure .Zurich CEO Greco says between today and November we will update as soon as possible if cost savings target can be held or revised upwards.  Full Article

Swiss stocks - Factors to watch on May 25

ZURICH, May 25 The Swiss blue-chip SMI was seen opening 0.3 percent higher at 8796.3 points on Friday, according to premarket indications by bank Julius Baer .