https://feeds.thelocal.com/ Read the latest news and views from Switzerland in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Zurich Insurance said on Thursday its profits rose 74 percent in 2016, thanks to fewer claims and progress in its restructuring drive. https://www.thelocal.ch/20170209/profits-boost-makes-2016-a-very-good-year-for-swiss-insurer Thu, 09 Feb 2017 18:17:09 +0100 profits-boost-makes-2016-a-very-good-year-for-swiss-insurer The ex-CEO of Zurich Insurance Group, Martin Senn, has killed himself, the company has announced. https://www.thelocal.ch/20160530/former-head-of-zurich-insurance-takes-own-life Mon, 30 May 2016 13:14:30 +0200 former-head-of-zurich-insurance-takes-own-life Zurich Insurance is planning to cut 8,000 jobs worldwide between now and 2018, including 750 positions in Switzerland, after announcing a drop in profits for 2015. https://www.thelocal.ch/20160211/zurich-insurance-boosts-layoffs-after-profit-drop Thu, 11 Feb 2016 12:14:30 +0100 zurich-insurance-boosts-layoffs-after-profit-drop Zurich Insurance said on Wednesday that it expected to post a $275-million loss for 2015 largely due to three massive storms that slammed into Britain in December. https://www.thelocal.ch/20160120/uk-storms-rip-into-zurichs-bottom-line Wed, 20 Jan 2016 15:23:06 +0100 uk-storms-rip-into-zurichs-bottom-line The chief executive of Switzerland's biggest insurer, Zurich Insurance, has resigned, the company said on Tuesday, a month after it announced sharply reduced profits linked to an industrial disaster in China. https://www.thelocal.ch/20151201/zurich-insurance-ceo-abruptly-steps-down Tue, 01 Dec 2015 10:20:07 +0100 zurich-insurance-ceo-abruptly-steps-down Zurich Insurance on Thursday said third-quarter profits fell 79 percent, after the company was hit with $275 million (€254 million) in losses following the industrial disaster in Tianjin, China. https://www.thelocal.ch/20151105/swiss-insurer-faces-huge-losses-after-china-disaster Thu, 05 Nov 2015 14:32:33 +0100 swiss-insurer-faces-huge-losses-after-china-disaster Switzerland's Zurich Insurance says it has scrapped a €7.7-billion bid to take over its British rival Royal & Sun Alliance. https://www.thelocal.ch/20150921/zurich-scraps-bid-to-take-over-uk-rival Mon, 21 Sep 2015 11:30:05 +0200 zurich-scraps-bid-to-take-over-uk-rival Swiss group Zurich Insurance says its net profit dropped three percent last year due to the sale of a Russian business and a tough economic environment. https://www.thelocal.ch/20150212/zurich-insurance-shares-dip-on-lower-profits Thu, 12 Feb 2015 18:11:00 +0100 zurich-insurance-shares-dip-on-lower-profits Swiss group Zurich Insurance says its net profit rose three percent during the first nine months of the year, but plunged in the third quarter and missed expectations. https://www.thelocal.ch/20141106/zurich-insurance-shares-fall-on-results Thu, 06 Nov 2014 14:49:00 +0100 zurich-insurance-shares-fall-on-results Swiss group Zurich Insurance said on Thursday its net profit had jumped 14 percent for the first half of the year compared to the same period in 2013, boosted by restructuring involving 670 job cuts. https://www.thelocal.ch/20140807/job-cuts-boost-insurer-zurichs-bottom-line Thu, 07 Aug 2014 18:03:06 +0200 job-cuts-boost-insurer-zurichs-bottom-line Zurich Insurance says net profit rose in the first quarter of 2014 from the same period a year earlier, thanks to returns on its investments but it is continuing with a plan to cut hundreds of jobs in Switzerland and elsewhere. https://www.thelocal.ch/20140515/insurer-zurich-sticks-to-swiss-job-cuts-plan Thu, 15 May 2014 22:44:46 +0200 insurer-zurich-sticks-to-swiss-job-cuts-plan Organizations must dramatically improve their response to cyber risks to avoid a new global shock on the scale of the financial crisis that rocked the world in 2008, a study from a Swiss-based insurer concludes. https://www.thelocal.ch/20140422/zurich-insurance-study-warns-of-cyber-risks Wed, 23 Apr 2014 01:42:00 +0200 zurich-insurance-study-warns-of-cyber-risks Zurich Insurance Group announced on Tuesday a three-year restructuring plan that could result in the cutting of up to 800 jobs around the world. https://www.thelocal.ch/20140311/zurich-cost-cutting-plan-cuts-up-to-800-jobs Tue, 11 Mar 2014 10:57:00 +0100 zurich-cost-cutting-plan-cuts-up-to-800-jobs Zurich Insurance Group, still shaken by the suicide of its financial chief last August, said on Monday that it had hired competitor Swiss Re's CFO to take his place. https://www.thelocal.ch/20131217/zurich-poaches-swiss-re-for-cfo-replacement Wed, 18 Dec 2013 00:00:00 +0100 zurich-poaches-swiss-re-for-cfo-replacement Swiss-based giant Zurich Insurance Group announced on Wednesday that it had begun to sell its 9.4-percent holding in Hong Kong-listed company New China Life Insurance. https://www.thelocal.ch/20131120/zurich-insurance-sells-stake-in-hong-kong-firm Wed, 20 Nov 2013 16:17:52 +0100 zurich-insurance-sells-stake-in-hong-kong-firm An independent investigation found that Pierre Wauthier, the former chief financial officer of Zurich Insurance, was not subject to any “undue pressure” from the company before he committed suicide in August, the Swiss insurer said on Monday. https://www.thelocal.ch/20131104/no-undue-pressure-in-zurich-cfos-suicide Mon, 04 Nov 2013 12:31:00 +0100 no-undue-pressure-in-zurich-cfos-suicide A Chinese tycoon has denied allegations the daughter of a former leader brokered an illegal deal for Swiss giant Zurich Insurance to buy into one of his companies, state media reported on Monday. https://www.thelocal.ch/20131014/china-firm-denies-corruption-in-swiss-deal Mon, 14 Oct 2013 15:06:42 +0200 china-firm-denies-corruption-in-swiss-deal Two weeks after quitting as chairman of Zurich Insurance, Swiss executive Josef Ackermann said on Thursday that he is stepping down from his position on the board of Siemens, the German electronics giant. https://www.thelocal.ch/20130912/ackermann-steps-down-from-siemens-board Thu, 12 Sep 2013 17:46:00 +0200 ackermann-steps-down-from-siemens-board Zurich insurance has launched an investigation into whether there was “undue pressure” on the company’s chief financial officer, Pierre Wauthier, who committed suicide earlier this week. https://www.thelocal.ch/20130830/shaken-zurich-insurance-probes-cfos-suicide Fri, 30 Aug 2013 16:47:00 +0200 shaken-zurich-insurance-probes-cfos-suicide Zurich Insurance Group said on Thursday its chairman had resigned with immediate effect following the suspected suicide death of the company's financial chief this week. https://www.thelocal.ch/20130829/zurish-insurance-chair-resigns-after-cfos-suicide Thu, 29 Aug 2013 12:41:00 +0200 zurish-insurance-chair-resigns-after-cfos-suicide