Insurance companies around the world are promising lower rates on car coverage. The catch is they want to install the equivalent of an airplanes black box to track how and where you drive.
Zurich Insurance Group AG, Switzerlands biggest insurer, surged after saying it will distribute more than $3.5 billion in cash this year and operating profit climbed.
Swiss Re slumped in Zurich trading after reporting second-quarter profit that missed analysts estimates, amid a decline in earnings from life and health insurance.
Swiss Re slumped in Zurich trading after reporting second-quarter profit that missed analysts estimates, amid a decline in earnings from life and health insurance.
Reinsurance prices declined on policies renewed for July 1 amid low losses and as record levels of catastrophe bonds drove an oversupply of capital, according to Guy Carpenter.