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Zurich Insurance Group AG history, profile and corporate video

Zurich Insurance Group AG is a multi-line insurance provider with a global network of subsidiaries and offices in Europe, North America, and Latin America, Asia-Pacific and the Middle East as well as other markets. It offers a wide range of general insurance and life insurance products and services for individuals, small businesses, mid-sized and large companies as well as multinational corporations. The company operates its business through following segments: General Insurance, Global Life and Framers. The General Insurance segment provides a variety of motor, home and commercial products and services for individuals, as well as small and large businesses. The Global Life segment pursues a strategy of providing market-leading unit-linked, protection and corporate propositions through global distribution and proposition pillars to develop leadership positions in its chosen segments. The Farmers segment provides, through Farmers Group, Inc. and its subsidiaries, non-claims related management services to the Farmers Exchanges. Zurich Insurance Group was founded in 1872 and is headquartered in Zurich, Switzerland.

“Zurich Insurance Group History

The company was founded in 1872 as a marine reinsurance under the name “Versicherungs-Verein” (Insurance Association), a subsidiary of the Schweiz Marine Company. In 2000, after a number of acquisitions, it was unified to form one holding company – Zurich Financial Services.

In April 2012, Zurich Financial Services Ltd changed its name to Zurich Insurance Group Ltd. In a statement the Group explained the rationale behind the name change. “In recognition of this strategic focus, the reference to financial services in the company name has been replaced by indicating the insurance activity of the Group instead and to specify the purpose accordingly.”

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “Zurich Insurance Group