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ZurichInsurance


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How business travel may never be the same again

* Lufthansa sees business demand rise within Europe * U.S. spending seen at 65-80% pre-pandemic level by Q4 2022 * Firms consider cost, environment and employee wellbeing * Client meetings seen as most essential in person By Emma Thomasson and Silvia Aloisi BERLIN/MILAN, Sept 9 (Reuters) - Sylvia Burbery is delighted that she no longer spends most
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Zurich Ins. says to redeem 200 mln Sfr of subordinated debt

Sept 1 (Reuters) - Zurich Insurance Group AG ZURN.S : * TODAY ANNOUNCED THAT IT INTENDS TO EXERCISE ITS OPTION TO REDEEM CHF 200 MILLION OF SUBORDINATED DEBT. * SAYS THE CHF 200 MILLION 2.75% FIXED RATE CAPITAL NOTES (ISIN: CH0245863474, SECURITY NO. 24 586 347), ISSUED BY ZURICH INSURANCE COMPANY LTD IN 2014, ARE EXPECTED TO BE REDEEMED ON SEPTEMB
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Zurich expects $150-200 mln hit from German floods, not exposed to wildfires

ZURICH, Aug 12 (Reuters) - Zurich Insurance ZURN.S estimates its exposure to severe flooding in Germany at around $150-200 million, Chief Financial Officer George Quinn told reporters, although he cautioned it was still early in the claims process. Asked about wildfires raging in southern Europe, Chief Executive Mario Greco said: "We are not really
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Police clear climate activists from Zurich financial zone

* Climate activists blocks entrances to Swiss banks * Police take around 30 people into custody * Action is part of wave of civil disobedience By Michael Shields ZURICH, Aug 2 (Reuters) - Police cleared climate activists from the heart of Zurich's financial district on Monday after dozens blocked entrances to offices of Switzerland's two biggest ba
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Climate activists occupy heart of Zurich financial district

ZURICH, Aug 2 (Reuters) - Dozens of climate activists occupied the heart of Zurich's financial district on Monday to protest against big banks' financing of fossil fuel projects that damage the environment. The Blick newspaper showed pictures of activists crowded against the entrances to Credit Suisse CSGN.S and UBS in the Paradeplatz square in the
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Berenberg sees $2-3 bln reinsurance losses from European floods, overall losses higher

By Carolyn Cohn and Tom Sims LONDON/FRANKFURT, July 19 (Reuters) - Reinsurance losses from the recent European floods are likely to total $2-3 billion, Berenberg analysts said on Monday, but the bank and industry experts said overall losses could be much higher. Flooding has devastated parts of Western Europe since last Wednesday, with the German s
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Berenberg sees $2-3 bln reinsurance losses from European floods

LONDON, July 19 (Reuters) - Reinsurance losses from the recent European floods are likely to total $2-3 billion, Berenberg analysts said on Monday. Flooding has devastated parts of Western Europe since last Wednesday, with the German states of Rhineland Palatinate and North Rhine-Westphalia, as well as parts of Belgium, among the worst hit. "The Eu
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Swiss markets watchdog names Zurich Insurance executive as new chief

* Cannot directly supervise Zurich Insurance for a year * Angehrn succeeds Branson, now Germany's BaFin boss * Climate, Credit Suisse risks on new FINMA boss's radar By John Miller ZURICH, July 13 (Reuters) - Switzerland's markets watchdog FINMA on Tuesday named Zurich Insurance ZURN.S chief investment officer Urban Angehrn as its new boss, tapping
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Big insurance companies launch net-zero climate alliance

MILAN, July 11 (Reuters) - Eight of the world's leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition to a net zero emissions economy. The companies, which include Europe's top three insurers by premiums - Allianz ALVG.DE , AXA AXAF.PA and Generali GASI.MI - said the Net-Zero Insurance Alliance (NZ
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Swiss watchdog FINMA requires banks, insurers to disclose climate risks

ZURICH, May 31 (Reuters) - Large Swiss banks and insurance companies will have to provide qualitative and quantitative information about risks they face from climate change, Swiss financial watchdog FINMA said on Monday as it released an amended publication Link on disclosure. FINMA's updated circular on the new obligations, to take effect on July
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Swiss watchdog FINMA requires banks, insurers to disclose climate risks

ZURICH, May 31 (Reuters) - Large Swiss banks and insurance companies will be required to provide qualitative and quantitative information about risks they face from climate change, Swiss financial watchdog FINMA said on Monday as it released an amended publication Link on disclosure. "Banks and insurance companies are required to inform the public
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Zurich Insurance sees limited Greensill exposure

* Property and casualty gross written premiums up 14% * Life new business value up 21% * Insurer hit by winter storm Uri, COVID-19 deaths (Recasts with CFO comments from media call) By Carolyn Cohn and Michael Shields LONDON/ZURICH, May 12 (Reuters) - Zurich Insurance ZURN.S does not expect to have a major exposure to the failure of supply chain fi
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Zurich Insurance confident on 2021 after good start in Q1

ZURICH, May 12 (Reuters) - Zurich Insurance ZURN.S expressed "great confidence" in its business performance this year after a solid first quarter, it said on Wednesday. Property & Casualty (P&C) gross written premiums rose 14% in the quarter on a like-for-like basis, driven by strong growth in commercial insurance and further improvement in pricing
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Climate scientists swap fieldwork for finance

* Job ads for 'sustainable' roles double – eFinancialCareers * Pay packages for the most senior posts top $1 million * Citi, UBS, Lloyds among firms ramping up green hiring * Some charities say 'greenwashing' is still rife though By Iain Withers, Carolyn Cohn and Simon Jessop LONDON, April 15 (Reuters) - Environmental scientist Laura Garcia Velez
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Zurich Insurance presses ahead with climate targets

ZURICH, March 31 (Reuters) - Zurich Insurance plans a 25% cut in carbon intensity for listed equity and corporate bond investments by 2025 and a 30% cut for direct real estate investments, it said Link on Wednesday. "Zurich pledges to use (its) influence as investor and insurer to press for change, and urge companies it invests in to set their own
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White House says Biden believes Nord Stream 2 bad deal for Europe

WASHINGTON, Feb 16 (Reuters) - U.S. President Joe Biden the Nord Stream 2 pipeline is a bad deal for Europe and will make determine whether sanctions are in order to stop the project from Russia to Germany, White House spokeswoman Jen Psaki told reporters on Tuesday. The Biden administration is conducting a review of the gas pipeline project. Psaki
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Inflation: the dog still isn't barking

A look at the day ahead from Julien Ponthus Perhaps one of the most intriguing feature of economics in recent years is the inability to both forecast and prop up inflation. The good old days of the Phillips curve predicting a stable relationship between employment, economic growth and prices seem long gone. Still, data showing U.S. inflation stayed
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Zurich Insurance's capital target disappoints after 2020 profit beat

* Zurich Insurance beats expectations with FY 8% net profit drop * Boost from P&C pricing set to continue into 2021, CFO says * Zurich revises solvency ratio downward on new measuring system * Shares fall as analysts point to new solvency target * Group proposes unchanged dividend of 20 Sfr per share (Recasts with market reaction, executive comment
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Zurich Insurance reports 20% FY operating profit drop, unchanged dividend

ZURICH, Feb 11 (Reuters) - Zurich Insurance ZURN.S reported a 20% fall in 2020 operating profit on Thursday, as claims related to the COVID-19 pandemic and higher losses from natural catastrophes bit into earnings. Business operating profit fell to $4.24 billion, Europe's fifth-largest insurer said, while net profit of $3.834 billion exceeded the $
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Blue-chip UK employers try to soothe parental lockdown pain amid fears of burnout

By Kirstin Ridley and Iain Withers LONDON, Jan 28 (Reuters) - From unlimited paid time off to laptops for children, some of Britain's blue-chip employers are trying to persuade parent employees juggling jobs and childcare during the pandemic that they have their backs. A third British lockdown from Jan. 5, that shut schools to most children and con
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