Zurich has completed the refinancing of its $3bn syndicated revolving credit facility. Given current strong liquidity in the bank market, the company decided to replace its existing $3bn credit facility that was completed in 2004 with a 5-year facility including two 1-year extension options. As the former facility, it serves for general corporate and backup liquidity purposes.
The facility received strong support from the market and was signed with the same bank syndicate.
Recent Related News
Zurich profit jumps
700 jobs threatened in Zurich restructure
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.
