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Company overview
Zurich Insurance Group Ltd. (SIX: ZURN) is a Swiss insurance company, commonly known as Zurich, headquartered in Zürich, Switzerland. The company is Switzerland's largest insurer.[4] As of 2015, the group was the world's 78th largest public company according to Forbes' Global 2000s list,[5] and in 2011 it ranked 94th in Interbrand's top100 brands.[6]
History
The company was founded in 1872 as a marine reinsurance under the name "Versicherungs-Verein" (Insurance Association), a subsidiary of the Schweiz Marine Company. In 2000, after a number of acquisitions, it was unified to form one holding company – Zurich Financial Services.
In April 2012, Zurich Financial Services Ltd changed its name to Zurich Insurance Group Ltd. In a statement the Group explained the rationale behind the name change. "In recognition of this strategic focus, the reference to financial services in the company name has been replaced by indicating the insurance activity of the Group instead and to specify the purpose accordingly."[9]
In December 2015, the group's CEO Martin Senn (who committed suicide on May 27, 2016) announced his resignation. Despite years of highly profitable business operations the focus was put on recent events which forced Mr. Senn to step down. Ad-Interim Chairman Tom de Swaan took over as acting CEO.[10]
On 26 January 2016, it was announced that Zurich had poached Mario Greco, CEO of Generali as its next chief executive, and that he would start on 1 May.[11]
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