[WorldKings - Wowtimes - Almanac Events & Achievements 2023] Outstanding imprints on the 151-year development path of Zurich Insurance Group, Switzerland's largest insurance company (1872)

31-01-2023

(Worldkings.org) Zurich has over 150 years of experience managing risk and supporting resilience for customers around the world. Founded in Switzerland in 1872, Zurich expanded to North America in 1912 to become a leading provider of commercial property-casualty insurance solutions and services in the U.S. and Canada.

Zurich Insurance Group Ltd is a Swiss insurance company, headquartered in Zürich, and the country's largest insurer. As of 2021, the group is the world's 112th largest public company according to Forbes' Global 2000s list, and in 2011 it ranked 94th in Interbrand's top 100 brands.

Zurich is a global insurance company which is organized into three core business segments: General Insurance, Global Life and Farmers. Zurich employs 55,000 people, with customers in 215 countries and territories. The company is listed on the SIX Swiss Exchange. As of 2012, it had shareholders' equity of $34.494 billion.

 

The company’s milestones:

1872: Zurich starts as a marine reinsurer and quickly expands into accident and other casualty insurance throughout Europe.

1912: Zurich is licensed to start business in the U.S. Zurich writes its first policy in 1913 from an office at 175 W. Jackson Blvd. in Chicago.

1914: Zurich writes its first automobile policy in North America, the same year that U.S. auto production jumps more than 50 percent.

1923: Zurich opens a branch office in Canada, which continues to operate today.

1933: Zurich is contracted to provide liability coverage for the Chicago World’s Fair, a high point during the Great Depression.

1980: Fidelity & Deposit Company of Maryland joins the Zurich family. Following the path of many of its customers, Zurich moves its headquarters from Chicago to Schaumburg.

 

1982: Universal Underwriters Group joins Zurich.

1989: Maryland Casualty Company, which wrote bonds to help expand the Panama Canal in 1941, is purchased by Zurich.

1990: After purchasing the Plaza Towers site and building a second tower, Zurich moves near the intersection of Woodfield Drive and Meacham Road in Schaumburg.

1995: Zurich purchases Kemper Investors Life Insurance Company and Federal Kemper Life Assurance Company.

2005: Zurich becomes title sponsor of a PGA TOUR event, the Zurich Classic of New Orleans. The following spring, the Zurich Classic becomes the first major sporting event to be held in the city after Hurricane Katrina.

2016: Crop insurer Rural Community Insurance Services (RCIS) joins Zurich, strengthening Zurich’s top 5 position in the U.S. commercial insurance market.

2021: Zurich Insurance Group collaborates with the non-profit Instituto Terra to plant 1 million native trees in Brazil to regrow a small portion of what used to be one of the largest single wooded places on Earth.

 

According to zurichna.com & Wikipedia


Kyna ( Collect) - WORLDKINGS (Source of photos: Internet)

 

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