Zurich has suspended several employees of its underwriting unit in the specialties business of Zurich North America Commercial, it said today.
The company said it had been examining its relationship with Marsh & McLennan in the wake of the Eliot Spitzer's investigation into the company and the review of “certain business practices” at Zurich “has led to the suspension of several employees”.
Zurich said it has been subpoenaed by the New York attorney general to provide information as part of the industry-wide investigation.
It said: “The Group's business relationship has been built on ethical values, these values do not condone improper behaviour, and Zurich will take action wherever such behaviour has been found.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
