Zurich North America Insurance Company
Zurich North America Insurance Company
Zurich Towers, 1400 American Lane
Schaumburg, IL 60196-1056
Getting the right company to provide your business security through insurance policies is a tricky business. With Zurich North America Insurance Company, providing branded solutions and elite service is the company’s specialty. They offer commercial enterprises a comprehensive range of Insurance and Risk Management product solutions at competitive prices while ensuring quality standards of customer service and world class operation efficiency. Zurich is considered to be one of the leading commercial property-casualty insurance providers in the United States and Canada; serving the global corporate, multinational corporate, large corporate, middle market, small business, and program sectors.
The company operations are not limited to the States and Canada only as the company has branches in almost all over the world across Europe, Asia Pacific, Latin American, and others. The range of products available at Zurich include general liability, commercial automobile, umbrella coverage, worker’s compensation, inland marine policies, and industry-specific offerings combined with loss sensitive options to protect your physical assets, intellectual property and capital. Apart from this, Zurich North America also provides risk consulting and claims management services. Independent brokers and agents help and guide prospective clients through the risk prevention strategies, innovative products, and cutting-edge resources that Zurich North America prides in providing business clients.
Zurich North America’s parent company, Zurich Financial Services, was originally founded and headquartered in Zurich, Switzerland in 1872; hence the name. Zurich North America Insurance Company entered the U.S. market in 1912 and was recognized as the first European insurer in the United States. As of today, the company employs approximately 60,000 people serving clients in over 180 countries. In North America alone there are more than 9,500 employees working for Zurich North America and they contribute about 40% of the parent company’s worldwide property and casualty premiums. The company conducts business through itself and through more than 15 subsidiary companies sprawled across different states. The complete list of subsidiary companies is listed in the company’s website.
Highline Data LLC (NAIC 2008) states that Zurich North America Insurance Company is considered the second largest writer of commercial general liability insurance and fourth largest commercial property casualty insurance with clients in all sectors of the commercial community. Over the years of the company’s business venture, they have accumulated awards and recognitions such as “Best Commercial Property Insurer” and “Best Worker’s Comp Insurer” by the Business Insurance Readers Choice Awards in November 2009, “Best Construction Insurance Provider” by the National Underwriter Risk Manager Choice in October 2009, “Best Private Insurer” by the Trade Finance Magazine in June 2009, “Best Trade Credit and Political Risk Underwriter” by the Trade & Forfaiting Review Magazine in September 2009, “Best Global Insurer” by the Reactions Magazine in September 2009, “Best Risk Communication of the Year” by the StrategicRISK Magazine in May 2009, and many more others.
With regard to financial stability, Zurich North America notes a solid and exceptional report of reaching a business operating profit amounting to $1.2 billion and a net income of $175 million for the first nine months in 2010. The company’s Chief Executive Officer (CEO) Martin Senn says that the core business of the company continued to deliver a robust performance in spite of the difficult economic environment. A more detailed and extensive report was published on the company’s website which interested customers and existing clients of the company can peruse. The strong financial reports that Zurich presents to the public indicate that the company is stable and more than able to provide their policyholders and future policyholders the service that they deserve.