|Bid||308.60 x 77100|
|Ask||308.70 x 150300|
|Day's range||306.10 - 309.50|
|52-week range||275.10 - 321.80|
|PE ratio (TTM)||15.51|
|Earnings date||9 Aug 2018|
|Forward dividend & yield||16.60 (5.35%)|
|1y target est||323.88|
ZURICH/LONDON (Reuters) - Zurich Insurance (ZURN.S) has no plans for a big merger, it said on Wednesday, despite speculation of a pick-up in dealmaking in the industry and that the Swiss company could get involved. The insurer's comments came as it beat analysts' forecasts with a 5 percent rise in property and casualty (P&C) premiums for the first quarter. Zurich's share price has fluctuated in recent weeks on speculation of a takeover bid by rival Allianz (ALVG.DE).
Zurich Insurance Middle East CEO Walter Jopp weighs in on the region's insurance industry, and talks about regulation. He speaks on "Bloomberg Daybreak: Middle East." (Source: Bloomberg)
(Reuters) - A consortium led by Citigroup Inc, Zurich Insurance Group AG and Depository Trust & Clearing Corp (DTCC) will develop a set of cyber security standards that fintech companies can sign up to, ...
The group was formed as a result of a meeting held by the World Economic Forum last year to promote cooperation between the public and private sectors, the FT said. Founding members of the grouping, which include Hewlett Packard Enterprise Co (HPE.N) and U.S.-based online lender Kabbage, and participants say they aim to produce a set of standards within the next six to 12 months, according to FT. Citi, Zurich Insurance and DTCC were not immediately available for comment outside regular business hours.
Zurich Insurance (ZURN.S) said it was buying QBE Insurance Group's (QBE.AX) Latin American business for $409 million (£292.4 million), becoming the leading insurer in Argentina and No.3 in Ecuador. The acquired business had gross premiums of $790 million last year, with Argentina representing about half and the rest divided among Ecuador, Mexico, Brazil and Colombia, Zurich said in a statement on Sunday. "This transaction positions us as the leading insurer in Argentina, a market that is demonstrating strong growth, a stable economy and a positive environment for insurance," Claudia Dill, Zurich's Chief Executive Officer for Latin America, said in the statement.
Zurich Insurance Group AG plans to more than double its allocation to impact investments, earmarking $5 billion for a broader range of assets after devoting $2 billion to green bonds in recent years.
Feb.08 -- Zurich Insurance Group CEO Mario Greco discusses the company's performance. He speaks on "Bloomberg Daybreak: Europe."