Edition:
United Kingdom

Zurich Insurance Group AG (ZURN.S)

ZURN.S on Virt-X Level 1

297.60CHF
4:31pm GMT
Change (% chg)

CHF1.20 (+0.40%)
Prev Close
CHF296.40
Open
CHF297.50
Day's High
CHF297.60
Day's Low
CHF295.40
Volume
379,698
Avg. Vol
445,440
52-wk High
CHF306.90
52-wk Low
CHF262.10

Latest Key Developments (Source: Significant Developments)

Zurich Insurance says company remains strongly capitalised after ANZ deal
12:18pm GMT 

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

Zurich CEO says keen to find ways to grow SME and retail components in company's books
Thursday, 12 May 2016 

Zurich Insurance Group Ag :CEO Greco says keen to find ways to grow the SME and retail components in our books but not yet at point where we have planned programmes -analyst call.  Full Article

Zurich Insurance's biggest issue is weakened reputation -CEO
Thursday, 12 May 2016 

Zurich Insurance : CEO Mario Greco says today's results are step in the right direction, measures to improve general insurance are taking effect -media call . CEO says have been in process in crafting strategy for 2017 and beyond in consultation employees and stakeholders, and will present this at Nov. 17 investor day . CFO says cost savings targets still valid and we're working towards that . CFO says on dividend, there's no change from what we've said before, committed to sustainable dividend . CEO says I don't think Zurich needs a radical change in direction, needs stability . CEO says too early today to disclose strategy decisions . CFO says doing everything to achieve target roe range but nothing in q1 has changed view that unlikely to achieve that in 2o16 . CEO says cost position of Zurich is above the market's cost position, have to address that in the proper way . CEO says don't believe there's correlation between high costs of business and high returns for shareholders . CEO says the biggest issue facing Zurich is the reputation of company which has been weakened by events of 2015, this is most important thing to restore . CEO says can restore reputation by delivering at or above expectations quarter by quarter Further company coverage: [ZURN.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Zurich Insurance ‍​enters agreement to acquire Macquarie life insurance business
Friday, 4 Mar 2016 

Zurich Insurance Group AG:Enters agreement to acquire macquarie life insurance business ‍​.Transaction subject to regulatory and court approvals, expected to be completed in the second half of 2016.  Full Article

Deals of the day-Mergers and acquisitions

Dec 12 The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Tuesday: