Zurich is an insurance group that serves customers in over 170 countries. The company has been in existence for over 130 years; and employs over 60,000 people worldwide of which 11,000 are based in the UK. Apart from the UK, the company has a strong position in North America and Europe, and growing positions in Asia-Pacific, the Middle East and Latin America.
In December 2014, the group recorded a business operating profit of $4,638m and an 11% business operating profit (after tax) return on common shareholders’ equity.
They offer products and services across a range of businesses and markets around the world. They main business segments are general insurance, which include property, accident, car and liability insurance, and life insurance. The UK General Insurance division supplies personal, commercial and local authority insurance through a variety of channels. While Zurich’s UK Life business offers a range of personal protection, pensions and investment policies available through financial intermediaries. UK life also provides protection and pensions policies for the corporate market available through employee benefit consultants.