Zurich

Zurich has confirmed 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.

Zurich has withdrawn its £5.6bn bid for rival firm RSA group after suffering losses in its general insurance business.

Zurich's Richard Moodey has urged brokers to ‘step up' and sell more income protection (IP) policies as the Mortgage Market Review has caused dwindling competition within the adviser community.

Zurich has launched a safety website for group life and income protection customers and their employees in partnership with crisis management firm red24.

Zurich made a proposal this morning (25 August) to purchase RSA's entire share capital in cash for 550p a share, which RSA's board said it could recommend subject to further negotiations.

Zurich UK paid 92% of critical illness (CI) claims made in the first half of 2015, and 82% of income protection claims, the insurer's claims statistics have revealed.

Zurich's UK Life business saw profits fall 17% to £55m for the first half of 2015 compared to the first half of 2014 however annualised premium equivalent rose 35% to £466m, the insurer's half year results have revealed.

Alan Lakey discusses why advisers should pay closer attention to the differences in children's cover offered by insurers

The Insurance Industry Charitable Foundation (IICF), a USA based non-profit organsiation has launched a London division.

Lifequote has added a whole of life (WoL) comparison service, after research found Inheritance Tax (IHT) and estate planning are adding to the demand for WoL.