Welcome to our dedicated page for Zurich Insurance news (Ticker: ZURVY), a resource for investors and traders seeking the latest updates and insights on Zurich Insurance stock.
News and updates for Zurich Insurance Group Ltd (ZURVY ADR) focus on the activities of Zurich Insurance Group and its regional businesses, particularly Zurich North America. Company communications highlight Zurich as a multi-line insurer serving people and businesses in more than 200 countries and territories, with the ZURVY ticker representing its level I American Depositary Receipt program traded on OTCQX.
Recent news releases emphasize Zurich North America’s role as one of the largest providers of insurance solutions and services to businesses and individuals in its region. Articles describe developments in construction insurance and risk engineering, such as a collaboration between Zurich North America, Zurich Resilience Solutions and Arrowsight to apply video-based coaching and analytics on construction jobsites to help reduce risky behaviors and workers’ compensation claim frequency.
Other coverage includes Zurich’s participation in an excess casualty facility with other insurers to provide lead excess casualty insurance capacity for large national and multinational companies, as well as leadership changes in Zurich North America’s crop insurance and Direct Markets businesses. News items also discuss Zurich’s expansion in cyber risk capabilities, including the acquisition of SpearTip, a cyber counterintelligence firm, and an equity investment in Cowbell, a cyber insurance provider for small and medium-sized enterprises.
Additional stories highlight Zurich’s crop insurance business, Rural Community Insurance Services (RCIS), and its use of precision agriculture data connections, along with innovation initiatives such as the Zurich Innovation Championship. Readers following ZURVY news can use this page to review these types of announcements and understand how Zurich’s insurance, risk advisory and resilience-related activities evolve over time.
Zurich (OTC:ZURVY) announced a strategic collaboration with Arrowsight to deploy camera-enabled video coaching across U.S. construction jobsites after a multi-year New York pilot.
Key pilot outcomes: projects using Arrowsight showed >50% reduction in Workers' Comp claim frequency versus controls and contractor Posillico reported an EMR fall from 0.65 to 0.25. Zurich now designates Arrowsight its exclusive camera provider and requires the technology for New York wrap-up projects, while ZRS becomes Arrowsight's exclusive third-party risk engineering provider.
Chubb, Zurich North America, and National Indemnity have launched a groundbreaking excess casualty facility offering up to $100 million in claims-made excess casualty coverage for large companies. The facility, effective July 1, 2025, represents a unique collaboration between three major insurers to address the increasingly hostile litigation environment facing large corporations. The solution provides excess umbrella liability coverage underwritten by Chubb and Zurich, with National Indemnity Company serving as lead reinsurer.
Key benefits include streamlined insurance acquisition through a single access point, administrative efficiencies, consistent coverage terms, and expert claims handling. This initiative aims to stabilize capacity in the excess casualty market while providing sustainable protection against legal challenges.
Zurich North America has appointed Arooran "Aroo" Sivasubramaniam as the new Head of Zurich Resilience Solutions (ZRS) for North America. Sivasubramaniam, who will report to Dirk De Nil, Global Head of ZRS, brings nearly two decades of experience in retail, reinsurance, and commercial insurance. He previously served as Head of Middle Market for Zurich Benelux and held roles in London and Switzerland. Effective immediately, he will drive the growth of ZRS's risk management services.
Zurich North America is a significant insurance solution provider across various industries. Zurich Insurance Group, its parent, has a strong global presence and aims for net-zero emissions by 2050. Their stock is listed on the SIX Swiss Exchange (ZURN) and has an over-the-counter ADR program (ZURVY).
Cowbell, a leading cyber insurance provider for SMEs, has secured a $60 million Series C investment from Zurich Insurance Group. This funding will enable Cowbell to scale operations, expand internationally, enhance cyber resilience services, and introduce new products. The company plans to leverage AI and GenerativeAI to improve its technological infrastructure, supporting faster decision-making across various channels.
Zurich's investment aligns with its goal to address evolving cyber risks, particularly for SMEs and mid-market segments. Cowbell's data-centric approach, continuous risk assessments, and advanced digital platform have positioned it as an excellent partner for managing cyber risks. The global cost of cybercrime is projected to reach $24 trillion by 2027, with ransomware attacks costing small businesses an average of $1.7 million per incident.
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Zurich North America has appointed Albane Valenzuela and Sahith Theegala as new members of its Golf Ambassador Program, joining existing ambassadors Billy Horschel and Collin Morikawa. The ambassadors will promote Zurich beyond the Zurich Classic of New Orleans, enhancing community engagement through golf. Valenzuela, who has an impressive LPGA track record, and Theegala, a recent PGA Tour winner, embody Zurich's values. Zurich aims for impactful business growth and community support through these partnerships as it continues to establish its brand in the golfing world, particularly with its association with prominent tournaments.
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Zurich North America has launched a new Bachelor's Degree Apprenticeship for individuals with two years of college education. This program allows apprentices to earn a bachelor's degree while working full-time at Zurich, receiving full pay and benefits. The initiative follows the company's successful Associate Degree Apprenticeships initiated in 2016. Apprentices will complete their studies online through the University of Arizona and gain practical experience in various business areas. Hiring is ongoing, with the first class set to start in January 2023.