Zurich Financial Services
23 April 2008
Zurich expands its Mergers & Acquisitions operation with the opening of its
Zurich Financial Services
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Zurich, April 23, 2008 - Zurich Financial Services Group (Zurich) announced
today that Zurich Global Corporate's Mergers & Acquisitions (M&A) unit has
expanded its operation through the opening of an office in London. As announced
on July 18, 2007, Zurich Global Corporate has established a dedicated M&A unit
to analyze needs and offer customized solutions for customers going through a
merger or acquisition or divestiture.
Thomas L. Gamble, president of Global Corporate's M&A unit, said: 'We now have a
fully operational M&A and private equity team in London, with a broad capability
to deliver global and local M&A insurance solutions utilising Zurich's global
network. The London office is led by a management team with M&A industry
specialists on board. Zurich is now in a strengthened position to deliver a
broad spectrum of tailored insurance products and risk management solutions that
meet our customers and brokers M&A and private equity transactional needs.'
The risk services offered by Zurich's M&A experts and product specialists are
enhanced by a global network, an extensive product breadth and a commitment to
customer relationship management allowing Zurich to both deliver relevant risk
insights for every step in the M&A transaction and provide customers with
answers to risk issues which may otherwise hinder deal completion.
Mario Vitale, CEO, Zurich Global Corporate in North America said: 'With the
creation of the unit, Zurich is the only insurer to offer a fully integrated and
fully dedicated team of professionals with expertise in a broad range of
insurance products and all aspects of the M&A process.'
The total value of M&A deals in 2006 and 2007 reached an all-time high of
approximately USD 4 trillion and USD 4.9 trillion respectively. Year to date
global M&A activity has totalled USD 861.2 billion, with an increase of activity
in Asia and other markets.* Although the size and volume of transactions has
diminished in the US and UK, Zurich's M&A unit is poised to continue to deliver
tailored risk solutions that meet M&A, divestiture and private equity
transactional requirements. Demonstrating its commitment to capturing a
significant share of the insurance activity, Zurich's M&A unit will be
dedicating resources to serve Asia, the Middle East as well as Latin America
towards the end of this year.
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 60,000 people serving customers in more than 170 countries.
* Source: Dealogic M&A Reviews, see www.dealogic.com
This information is provided by RNS
The company news service from the London Stock Exchange