Zurich Insurance in January 2022 announced the sale of an Italian life and pension portfolio to Portuguese carrier GamaLife – Companhia de Seguros de Vida. The stated purpose is to reduce Zurich’s solvency requirements and free up capital. The amount of the transaction has not been disclosed, but the press release states that the Solvency Capital Requirement under Swiss solvency rules will “decrease by approximately $1.2 billion.” and that

Zurich Insurance in March 2021 launched a new global risk management business unit called Zurich Resilience Solutions (ZRS). It will be led by Hanno Mijer, reporting to Sierra Signorelli, CEO, commercial insurance at Zurich. Initially focusing on property/casualty (P/C) risks, ZRS includes more than 750 risk engineers to deliver risk prevention and mitigation services, complementing traditional insurance products such as employers’ liability, construction, motor fleet, general liability, and property.

Zurich Insurance in April 2019 announced that Paolo Marini is now Global Head, Customer and Distribution Management – Corporate Life and Pensions (CLP). Marini was previously Director of Global Customer & Distribution Management and Global Head, Customer Management for CLP. Previous to his tenure at Zurich, Marini was Director of Sales, Marketing, and Communication and a regional manager for Generali Employee Benefits. He holds a political science degree from