Opinion in Europe

Published within

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Type Product title / description Pub Price
CommentWire
CommentWire

Zurich: waving goodbye to asset management

Having struggled to maintain profitability in its asset management business over the past few years, Zurich Financial Services has now rid itself of Threadneedle. This has given Amex a bargain-basement entry into the world of asset management but the near future is not looking too rosy for this sector.<BR />

Published By Datamonitor
18 Jun 2003
CommentWire
CommentWire

Zurich: unthreading its needle

The sale of Threadneedle is the Zurich's latest effort to balance its books following heavy losses on its equity portfolio. Zurich has already announced heavy cost-cuts and has completed a rights issue to increase funds. With strong branding and performance Threadneedle is an attractive target, but finding a buyer might be tricky in the current market.

Published By Datamonitor
19 Nov 2002
CommentWire
CommentWire

Zurich: mission possible

Zurich's [ZURZN.VX] Q1 results are further confirmation that the insurer has turned itself around. However, the insurance market was good to Zurich in 2003, and the strength of its restructured business will be severely tested when the market softens, as it looks set to do this year.

Published By Datamonitor
21 May 2004
CommentWire
CommentWire

Zurich: last man standing in the battle for RBSI?

Last month, RBS announced that it is to sell its insurance arm, RBSI, in an attempt to increase its capital base in the wake of the ongoing liquidity crisis. As well as boosting the portfolio of the company that successfully makes the acquisition, the move would have industry-wide implications, as the sale of brands including Direct Line would have major repercussions in motor and home insurance.

Published By Datamonitor
27 May 2008
CommentWire
CommentWire

Zurich: joining the list of insurance gloom

Zurich's fall into the red was driven by the September 11 tragedy combined with a general economic slowdown. Simultaneously, the insurer's payouts rocketed while its investment income plummeted. On the positive side, 2001 was a difficult year for many insurers throughout the world. Things should get better this year.

Published By Datamonitor
11 Mar 2002
CommentWire
CommentWire

Zurich: heading the right way in 2006

Zurich Financial Services has released its Q1 results, which show that its general insurance business reduced its combined ratio and generated strong profits. The Swiss insurer's results are another example of how a policy of conservative discipline in underwriting and focusing on profitable business lines is the right course to steer in the current insurance industry climate.

Published By Datamonitor
19 May 2006
CommentWire
CommentWire

Zurich: going for brokers

Zurich [ZURZN.VX] has announced a recovery in profits, and hinted that there are further improvements to come. Zurich has big ambitions in the UK personal general insurance market, however the success of this strategy will depend on the performance of the broker channel - a risky strategy given the latter's declining revenues last year.

Published By Datamonitor
19 Feb 2004
CommentWire
CommentWire

Zurich: back in the black

Zurich's performance vindicates a wide-reaching restructuring program that entailed the loss of thousands of jobs and the disposal of a raft of non-core activities. The insurer has sharpened its focus on its most profitable insurance lines and is on course to achieve its year-end profit target.

Published By Datamonitor
21 Aug 2003
CommentWire
CommentWire

Zurich: another day, another bond issue

Zurich's [ZURZn.VX] $1 billion bond issue comes hot on the heels of a similar move by Aviva last week. Zurich is seeking to consolidate after an over ambitious expansion program, but it needs to remember that a full recovery in the UK life insurance sector is still some way off.

Published By Datamonitor
18 Sep 2003
CommentWire
CommentWire

Zurich/L&G: annuity rate deal is commendable but consumers must be educated

The agreement between Zurich UK Life and Legal & General will benefit consumers with smaller pension pots who may not have access to the Open Market Option, allowing them to take advantage of an annuity rate from either provider. However, there is still a consumer knowledge gap regarding the Open Market Option, and little scope for less affluent consumers to gain access to financial advice.

Published By Datamonitor
08 Oct 2010

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