Zurich

ZURICH® Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872.

In North America, ZURICH® is a leading commercial property and casualty insurance provider serving a number of sectors, including global corporate, large corporate and middle market. It additionally serves life clients in the retail, affluent and corporate markets. The Group also operates through Farmers Group, Inc. in the U.S. For nearly 150 years, ZURICH® has protected those who put their trust in them and are building on this legacy to serve the needs of customers, employees, partners, and society, and to work together with them to ensure they are better equipped to deal with the dramatic changes happening in our communities, In this era of unprecedented change, ZURICH® is determined to shape a future in which we can all thrive, as lives and insurance are becoming increasingly digital, they are sharpening focus on innovation in digital technology to reshape the way they interact with customers and meet their evolving needs.
milestones:
  • 1872 - Founded as a Marine Reinsurer and Global from the start.
  • 1889 - Caring for employees. A fund to support Zurich employees in case of temporary illness and disability is established.
  • 1894 - General Accident & Liability Insurance Limited is founded, and Zurich changes its name to Zurich General Accident & Liability Insurance Limited.
  • 1900 - Financial strength is the only security in insurance! By 1909, the ratio of reserves to premiums exceeds 150 percent for the first time.
  • 1912 - Gains the necessary licenses to start business in the U.S and by the end of its first business year, the American business already made up 9% of Zurich’s overall premium income.
  • 1915 - For the first time, purchases an entire company. Buying companies in trouble at a discount and restructuring them becomes one of the growth strategies Zurich uses throughout the 20th century.
  • 1920 - The U.S. is Zurich’s main market, accounting for 50 percent of its overall gross written premium and celebrates 50th Anniversary.
  • 1929 - Zurich Fire Insurance Company of New York is founded. The purpose is not to write property fire business but to be able to grant fire cover for cars as part of car-hull insurance.
  • 1933 - Zurich is awarded the leading contract of the liability insurance program for the 1933 World’s Fair in Chicago.
  • 1941 - Zurich U.S. introduces its Safety Zone Program aimed at improving safety standards at insured factories, especially those involved in defense production during World War II.
  • 1965 - Introduces the Construction All Risk policy to cover contractors of large development projects against all property damages caused by accidents or elementary forces.
  • 1976 - The International Division is founded and Zurich becomes the second worldwide insurer to offer umbrella programs to its corporate customers, to cover all facilities of a company worldwide.
  • 1978 - Risk Engineering is founded as part of the International Division. In a world first, it provides integrated risk analyses to corporate customers going beyond traditionally analyzed property risk to include safety and liability risks.
  • 1980 - Further expansion in the U.S with the acquisition of Fidelity and Deposit Company of Maryland (in cooperation with Swiss Re). Zurich Reinsurance Company of New York is founded.
  • 1989 - Consolidation and largest takeover with the acquisition of the Maryland Casualty Group in the U.S.
  • 1996 - Starts to realize the Allfinanz concept by acquiring over 80 percent of Kemper Corporation, with two life insurance subsidiaries and 97 percent of Kemper Financial Services.
  • 1998 - Acquires Farmers Group, while Farmers Insurance is owned by its policyholders. Farmers Insurance is now the fifth- and seventh-largest provider of home and auto insurance, respectively, in the United States and celebrates its 125th anniversary.
  • 2003 - strengthens its capital base and introduces a clear performance measure (Business Operating Profit – BOP) and restructures its investments. The Zurich Way is launched to standardize core business processes and share best practices.
  • 2005 - Launches its global brand campaign, Change Happenz, a step towards building Zurich into a leading brand and ensuring sustainable growth.
  • 2009 - Acquired 21st Century the U.S. personal car insurance business of AIG and closed the year with its 28th consecutive quarter of profitability.
  • 2010 - Included in the top 100 global brands by the Interbrand ranking for the first time.
  • 2012 - 100 Years insuring America and changes its name from Zurich Financial Services to Zurich Insurance Group to more accurately reflect its business and the role the company plays in society.
  • 2015 Gaining an 'EDGE'. Zurich became the first global company in the insurance industry to be certified by 'EDGE' (Economic Dividends for Gender Equality).
  • 2016 Introduces a simpler, more customer-oriented approach to support global and local businesses with a more customer-oriented approach..
  • 2017 - Positioning Zurich in a dynamic market made profound changes including digital advances, insurance offerings by new, non-traditional providers, and heightened customer expectations that are affecting us all.
  • 2020 - Zurich Insurance Group (Zurich) subsidiary Farmers Group, Inc. (FGI) and Farmers Exchanges completed the acquisition of MetLife’s property and casualty (P&C) business in the U.S. for a purchase price of USD 3.94 billion. 
Financial Stability:
  • ZURICH® Group’s balance sheet remains strong and  Fitch Ratings has affirmed Zurich Insurance Company's (ZIC) Insurer Financial Strength (IFS) Rating at 'AA-' (Very Strong) and Long-Term Issuer Default Rating (IDR) at 'A+'. The Outlooks are Stable.
  • 2020 Direct Written Premiums more than $35.5 billion in North American Operations.
Employee, Customer and Community Oriented:
ZURICH® wants to create a brighter future together. Their new purpose defines who they are, who  stakeholders are, and the impact they want to have in the world. It’s an evolution and it builds on a legacy and better reflects how to serve the needs of our customers, employees, partners, and society.
ZURICH® has have spent the last 150 years going above and beyond to protect the people who put their trust in them. They recognize the dramatic changes happening in societies, whether driven by climate change or the effects of technology on work and the way we live our lives. In an era of unprecedented change, they are determined to shape a future in which we can all thrive.
  • How they live their culture:
    • Being a responsible and impactful business is more than a story we tell. It’s a principle that informs every action taken and it’s they we are.
    • Guided by our values and are optimistic caring and reliable, with forward thinking, determination, and a sense of togetherness, that bring purpose to life.
    • Purpose and values are at the basis of their strategy.
Company Highlights:
ZURICH® has a trusted brand, talented people and understands the risks customers face and can structure offerings that meet their needs. This reinforces their global brand, one of the most valuable in the insurance industry. A strong reputation allows them to attract the best talent worldwide and their business is balanced both geographically and by products and customer segments. A strong retail and commercial franchise and flexible operating model means they can weather economic and market volatility and take advantage of industry change.

ZURICH® employs more than 55,000 people from over 100 different countries. Apart from different countries of origin, they are diverse in terms of cultures, race/ethnicity, generations, gender, sexual orientation, gender identity, individual abilities and many other characteristics and value and celebrate this diversity. 
2021 - Named to Fortune’s 2021 World’s Most Admired Companies list
2020 - Forbes America’s Best Employers For Veterans list
2020 - Zurich North America receives Pledge to America’s Workers Presidential Award
2020 - Stonewall recognizes Zurich as a Top Global Employer for LGBT+ People
2020 - Zurich Apprentice Program earns Gold in Brandon Hall Excellence Awards
2020 – Cracks top 10 for Best Employers for Women
Industry Rankings:
• ZURICH® is the 12th largest property and casualty insurer in the United States United States based upon 2019 NAIC Report.
  • 3rd largest writer of Workers’ Comprehensive coverage in the United States.
  • 10th largest writer of Multi-Peril Liability in the United States. 
  • 7th  largest writer of Commercial Auto Insurance in the United States.
• FARMERS℠ is the 9th largest property and casualty insurer in the United States based upon 2019 NAIC Report.
  • 5th largest writer of Homeowners Insurance in the United States.
  • 7th largest writer of Private Passenger Auto Insurance in the United States.
  • 20th largest writer of Commercial Auto Insurance in the United States.
• 117th largest public company according to Forbes' Global 2000s list.
• 255th on the Fortune 500 list of largest United States corporations based on 2019 revenue.

Products Offered

Insurance
    Builders Risk
    Captives
    Casualty
    Commercial Fleet
    Cyber Insurance
    Excess and Surplus (E&S)
    Management Liability
    Marine
    Pollution Liability Insurance
    Private Equity
    Professional Liability
    Programs
    Property
    Surety
    Trade Credit & Political Risk
    Umbrella
    Workers’ Compensation
Industries
    Agriculture
    Automotive
    Construction
    Energy
    Financial
    Healthcare
    International
    Manufacturing
    Marine
    Real estate
    Technology
    Travel

Operating Territory

www.zurich.com
(425) 448-9190​
8561 154th Ave NE
Suite 250
Redmond, WA 98052​
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