Proceeds to be used for general purposes and debt refinancing
Zurich Insurance Group has successfully placed €500m-worth of senior debt with investors.
The 10-year bonds will mature in 2022, and pay investors interest of 3.375%.
The insurer will use the proceeds from the issuance for general corporate purposes and to refinance maturing debt.
Under the transaction Zurich will issue the notes under its Euro medium-term note programme to a repackaging vehicle called Willow No. 2 (Ireland). This vehicle in turn will issue bonds to investors that are backed by the securities it has received from Zurich.
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.
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