Zurich

The executive has been with Zurich since 2018.

The plaintiffs – three former claims adjusters – were each awarded $25mn in punitive damages.

The executive worked on projects with the firm when he was an investment banker.

He was most recently cyber product leader at Zurich NA.

Zurich NA's operating profit grew to $2.65bn in 2023 from $2bn the prior year.

The changes precede the retirement of direct markets head Vince Santivasi.

Partnerships can address growing cyber threats such as DDoS attacks and ransomware, as well as AI.

The Global Risks Report 2024, made in partnership with Marsh and Zurich, shows that extreme weather events, misinformation and disinformation are top risk severity concerns.

Zurich North America has named Eric Cittadino head of programs effective September 1, the carrier announced on Thursday.

NA commercial rates accelerated 9% in Q2 as property pricing rose 18% and auto pricing went up 9%.

The carrier expects NA crop volumes to decrease in 2023 year-over-year due to commodity price developments.

Beneva has signed up to net-zero targets as a member of the NZIA, following a period of turbulence in which Munich Re, Zurich and Hannover Re have left the alliance.