Zurich Financial Services
14 December 2007
Zurich establishes new corporate business unit in Asia-Pacific
Zurich Financial Services
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Zurich, December 14, 2007 - Zurich Financial Services Group (Zurich) announced
today that it will expand its services for corporate customers into the
Asia-Pacific region. The new business unit Global Corporate in Asia-Pacific
(GCiAP) will be based in Hong Kong and will cover three regions: Japan, Greater
China / South East Asia and Australasia. In these fast growing markets, GCiAP
will lead the development of the corporate business through all lines of
business focusing on corporate customers whose revenue is USD 250 million or
higher. The unit will be led by Hugh Robson, CEO of GCiAP.
Global Corporate in Asia-Pacific aims to replicate the success Zurich Global
Corporate has achieved in Europe and North America and to leverage Zurich's
existing presence. Geoff Riddell, Chief Executive Officer for Zurich Global
Corporate, said: 'The establishment of a fully operational corporate business
unit for selected countries in Asia-Pacific will support Zurich's profitable
growth strategy by broadening our service offering and risk insight expertise to
large domestic and global companies whose insurance and risk management needs
often require quality and complex solutions in multiple territories.'
Hugh Robson, CEO of GCiAP, said: 'Zurich already has a strong presence in
Asia-Pacific. By investing in and empowering staff in the region who understand
the local markets, cultures and business practices, we demonstrate our
commitment to meeting customer needs locally, while bringing to bear our global
risk management expertise to ensure that customers experience the same level of
service in Beijing as in New York.'
GCiAP will closely collaborate with Zurich's International Businesses unit to
benefit from its existing strong presence in the Asia-Pacific market.
Zurich's Global Corporate (GC) business division offers risk management services
to corporations at the national and international level, including risk transfer
and risk finance solutions. With a global network of professionals in over 140
countries, GC provides companies with total risk management strategies and
standards that ensure all our customers have access to the same high-quality
service. GC insures many of Fortune's Global 100 companies and is the largest
corporate business insurer in Europe and the number two corporate insurer in the
Zurich Financial Services Group (Zurich) is an insurance-based financial
services provider with a global network of subsidiaries and offices in North
America and Europe as well as in Asia Pacific, Latin America and other markets.
Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs
approximately 58,000 people serving customers in more than 170 countries.
This information is provided by RNS
The company news service from the London Stock Exchange