Zurich unit opens branches in France, Sweden, Finland.Zurich Financial Services Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. Global operations North America The US consumer market is served primarily by Farmers Insurance Group the third largest personal lines property & casualty insurance Group said its European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community risk carrier for global corporate business opened new branches in France, Sweden and Finland as it seeks to expand its corporate business. Zurich Insurance Ireland Ltd., the carrier for Zurich Global Corporate, opened the new branches, adding offices in Paris, Stockholm and Helsinki to a London office opened in May 2005. The division specializes in offering insurance for cross-border risks Cross-border risk Describes the volatility of returns on international investments caused by events associated with a particular country as opposed to events associated solely with a particular economic or financial agent. and related services for European corporate clients. "This move sends a positive signal that we are serious about our commitment to growing our business in Europe and enhancing our product offering to our customers" said Geoff Riddell, chief executive officer of Zurich Global Corporate. Based in Dublin, Zurich Insurance Ireland says it's the fifth-largest general insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. in the Irish market. |
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