Tag: Zurich

“Ambulance-chasers” blamed for car insurance price hike

“Ambulance-chasers” blamed for car insurance price hike

Car insurance premiums are set to rise dramatically in 2010, Confused.com said this week. The price comparison site made the comment after Zurich announced a 20% hike to the cost of car insurance. “Zurich’s announcement has not come as a surprise,” said Will Thomas, Confused.com head of car insurance. “It is anticipated others will follow […]

Make pension reviews a priority, IFAs told

Make pension reviews a priority, IFAs told

Independent financial advisors (IFAs) should make pension reviews a priority and, if possible, conduct them ahead of schedule, Zurich said this week. Good pension planning is vital following the economic crisis, Zurich said, and advisers should encourage their clients to undertake pension reviews now in light of the credit crunch. Many people saving for retirement […]

Pensioners return to work due to lack of funds

Pensioners return to work due to lack of funds

Due to the rising cost of living, pensioners in the UK are being forced to delay their retirement, or return to work. Research from life insurance provider Zurich has established that nearly three-quarters of people who do not seek retirement or investment advice are having to work after retirement age when they discover that their […]

Zurich withdraws from RBS insurance arm bidding

Zurich withdraws from RBS insurance arm bidding

A further bidder has withdrawn from buying the insurance arm of the Royal Bank of Scotland (RBS). Swiss insurer, Zurich Financial Services Group, has decided to opt out of the bidding. A source close to the situation said negotiations collapsed due to price. Zurich was prepared to offer up to A?5.5 billion for all of […]

900 job losses at Zurich

900 job losses at Zurich

Swiss insurance giant, Zurich Financial Services, has announced a cost-cutting exercise which could result in a reduction of headcount of up to 900. In a bid to cut costs by 10% by the end of the year, Zurich staff have been informed that between 700 and 900 jobs, in its general insurance arm, are going […]