Zurich Insurance Group Ltd (ZURN), commonly known as Zurich, a Swiss insurance company, based in
Zurich Insurance Group Ltd is an international insurance company, which is divided into three main business segments: General Insurance, Global Life and Farmers. The company has about 60 000 employees who provide services to customers in over 170 countries and territories around the world. Zurich Insurance Group Ltd listed on the SIX Swiss Exchange and, as of 2011, the group’s capital position was strong, with a net worth of $ 31 600 million.
The company was founded in 1872 as a reinsurer of the marine field, under the name “Versicherungs-Verein” ( Insurance Association in German), a subsidiary of the Schweiz Marine
In April 2012, Zurich Financial Services Ltd ( Zurich Financial Services in English) changed its name to Zurich Insurance Group Ltd ( Zurich Insurance Group ). Renaming shows that, in recent years, Zurich has focused on the insurance industry. In a statement of intent, the group explained the reasons were behind the name change. “In recognition of this strategic approach, the reference to the financial services company name has been changed to indicate the group insurance business, and to specify its purpose.”