Zurich Financial still plans IPO of unit
Article Abstract:
Zurich Financial Services is planning to go ahead with the planned initial public offering (IPO) of Zurich Re, its reinsurance unit. Zurich Financial hopes to launch the IPO by the 2001 fourth-quarter.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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ING, Zurich Financial Profits Jump
Article Abstract:
Insurance giants, ING Groep N.V.'s 2004 group net profit rose 48 percent while Zurich Financial Services AG 2004 net profit rose 29 percent to $2.59 billion. However Converium AG received heavy losses reported its business would shrink by approximately half this year.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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Katrina claims could leave holders of a 'Cat Bond' with major losses
Article Abstract:
Zurich Financial Services of Switzerland has issued "catastrophe bonds" that aid in paying insurance claims from natural disasters. Kamp Re investors are out of pocket $200 million as the payout for the insurance claims from Hurricane Katrina are approximately $2 billion.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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