Tag Archives: Zurich

Zurich announces 440 job cuts

Zurich today announced proposals to cut up to 440 jobs in its UK general insurance business as part of a programme to reduce costs in the organisation and simplify its operating structure. The UK insurance market has become steadily more challenging and the drivers for this – including low investment returns and increasing loss trends – have accelerated in recent […]

£34,000 confiscated from insurer conman

The Old Bailey has ordered £34,000 to be confiscated from a ‘crash for cash’ conman who obtained it from sham insurance claims made after he deliberately caused a collision on a Dorchester A-road. He was also ordered to pay court cost of £7,653.00. Judge Moss said that Mark Smith, aged 45, of Moat House Way in Doncaster, must repay the […]

Zurich comments on RSA offer

Zurich Insurance Group has said that any offer it might make for British rival RSA would likely be in cash, a day after it said it was evaluating a potential offer. The bid by the Swiss firm for RSA Insurance Group could top £5.1 billion, a further example of consolidation in the sector at a time of tighter regulations and […]