Zurich
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The carrier recruited Steve Lezaj from Travelers to serve as national complex casualty underwriting director. -
Casualty rate hikes moderate, though areas like wildfire liability remain difficult amid an ever-more litigious environment.
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Inside P&C’S news team runs you quickly through the key developments from the last week.
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Sources have said the carrier is looking establish a unit with its own P&L, intended on establishing a clear dividing line between the wholesale and retail businesses.
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Zurich will hire about 70 apprentices in at least nine cities where the carrier has offices, beginning in August 2022.
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The deal will expand Zurich’s supplemental health insurance offerings and is expected to close in early 2022.
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The initiative follows the launch of Zurich's construction weather parametric solution, a project designed to support sustainability.
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Zurich’s apprenticeship program helps young talent develop skillset and has "great” retention rate, says North America CEO Terryn.
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Linda Schultz joins the industry practices leadership team and reports to John Mizzi, head of industry practices for US middle market.
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With a $3mn commitment from Z Zurich Foundation, the program will address social issues in Houston and Boston.
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Trucking companies, having already increased self-insured retentions by millions, will need to contend with further rate increases into 2024.
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The carrier said the portfolios "no longer support" its core strategy.
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