Zurich Financial Services provides insurance-based financial services. The company has a network of subsidiaries and offices in North America, Europe, Asia Pacific, Latin America and other markets. It serves customers in approximately 170 countries. The company offers a range of general and life insurance products and services for individuals, small businesses, mid-sized and large companies, and global corporations seeking domestic or international cover. It also distributes non-insurance products, such as mutual funds, mortgages and other financial services products, from selected third-party providers. Segments The company's segments include: General Insurance business; Global Life business; Farmers Management Services; and Other Businesses. General Insurance business The General Insurance Segment serves the property-casualty insurance needs of a range of customers, from individuals to small and medium-size businesses, commercial enterprises and major multinational corporations. The segment provides property and casualty products and services for individual and commercial customers through four businesses. Europe General Insurance offers personal and commercial products in its key markets of Germany, Italy, Spain, Switzerland and the United Kingdom, with a presence in Austria, Ireland and Portugal, and operations in Israel, Morocco, Russia and Turkey. North America Commercial serves small and mid-sized businesses with standard and specialty lines of business in the United States and Canada. Global Corporate offers risk management services to large corporations and multinational companies. International Businesses embraces five regions – Latin America, Southern Africa, Australia, Japan, and Greater China/Southeast Asia – which position it to act as a growth engine in the future. Global Life business Global Life concentrates on three regions – Europe, the United States and emerging markets. Its global focus is on unit-linked and protection products. It also serves customer segments in family protection, equity-based savings, pension provision, post-retirement, wealth accumulation, wealth protection and inheritance. Propositions are distributed through agents, brokers, independent financial advisers, banks and credit unions. In Germany, Italy and Spain, it partners with Deutsche Bank, which positions it as its supplier of life insurance products. In key emerging markets, Global Life is a provider of life insurance and savings products, particularly for international investors and global expatriate populations. Farmers Management Services The Farmers Management Services Segment which through Farmers Group, Inc. and its subsidiaries (FGI) provides nonclaims related management services to the Farmers Exchanges, prominent writers of personal lines and small commercial lines business in the United States. FGI provides homeowners, auto and life insurance with approximately 20 million policies. It also provides business insurance, with a focus on the small commercial market. Farmers Management Services consists of the management services provided by Farmers Group, Inc. and its subsidiaries to the Farmers Exchanges, which the company manages but do not own. Other Businesses Other Businesses includes Farmers Re, which provides reinsurance to the Farmers Exchanges, Centre and capital markets and banking activities. Significant Events Acquisitions: In January 2007, the company purchased the remaining shares in the insurance intermediary Endsleigh Limited (Endsleigh) in the United Kingdom. In March 2007, the company purchased 100% of the surety writer ACC Seguros y Reaseguros de Daños, S.A in Spain. In July 2007, the company acquired a 24.51% equity interest in Best Harmonious Insurance Brokers Company, Ltd., a nationally licensed Chinese insurance brokerage firm domiciled in Beijing. In July 2007, the company, through its fully owned subsidiary FGI acquired 100% of Bristol West Holdings, Inc. (Bristol West) in the United States. In September 2007, the company acquired 100% of Wrightway Underwriting Limited, an underwriting agency in Ireland. In November 2007, the company acquired 100% of Real Garant Versicherung AG, a car warranty insurer based in Germany. Divestments: In February 2007, the company divested all of its shares in Truckwriters, Inc. in the United States, a specialist insurer for the trucking industry. In Australia, it sold Finium Trustee Limited and the Zurich Master Super Fund in May and June 2007 respectively, both companies being part of its Australian superannuation business. In October 2007, the company sold its shares in Valiant Insurance Company in the United States. In November 2007, the company sold its interest in two financial service businesses in Australia. In November 2007, the company divested all of its shares in Risk Enterprise Management Limited, a property and casualty claims and risk management services provider in the United States. Zurich Financial Services, in February 2009, created a real estate practice that would focus on the risk management needs of commercial real estate owners and managers in North America. Zurich would offer new bundled insurance protection that would cover property, casualty and specialty risks. History Zurich Financial Services was founded in 1872.
zurich insurance group ag (ZFIN:Xetra)
Phone: 41 44 625 25 25
Fax: 41 44 625 35 55www.zurich.com
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