Zurich Financial Services
18 July 2007
Zurich creates new Mergers and Acquisitions unit
Zurich Financial Services
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Zurich, July 18, 2007 - Zurich Financial Services Group (Zurich) announced today
that it has created a new Mergers & Acquisitions (M&A) unit to analyze needs and
offer customized solutions for customers going through a merger or acquisition.
The unit is already fully operational in the U.S. and will have worldwide
capabilities through offices in London and Zurich by the fourth quarter of this
year.
Thomas L. Gamble has been named president of the M&A unit. He joins Zurich with
an extensive industry background, most recently as an executive vice president
at Arch Insurance Group. He will report to Mario Vitale, CEO, Zurich Global
Corporate in North America and will be based in New York City.
Geoff Riddell, CEO of Zurich Global Corporate, said: 'Zurich's ability to offer
rapid, integrated risk management solutions addresses our customers' increasing
needs in this fast-paced, changing world of M&A and private equity
transactions.'
The risk services offered by Zurich's M&A experts and product specialists are
enhanced by a truly global network, an extensive product breadth and a
commitment to customer relationship management allowing Zurich to both deliver
relevant risk insights for every step in the M&A transaction and provide
customers with answers to risk issues which may otherwise hinder deal
completion.
Mario Vitale, CEO, Zurich Global Corporate in North America said: 'With the
creation of the unit, Zurich is the only insurer to offer a fully integrated and
fully dedicated team of professionals with expertise in a broad range of
insurance products and all aspects of the M&A process.'
The total value of M&A deals in 2006 reached an all-time high of approximately
USD 4 trillion and compared with last year is up over 25 percent to USD 3.1
trillion year to date. With M&A activity likely to continue at a rapid pace this
year and beyond, Zurich is committed to capturing a significant share of the
insurance activity related to this important market.
Zurich Financial Services Group (Zurich) is an insurance-based financial
services provider with a global network of subsidiaries and offices in North
America and Europe as well as in Asia Pacific, Latin America and other markets.
Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs
approximately 55,000 people serving customers in more than 150 countries.
About Zurich's Global Corporate business division
Zurich's Global Corporate (GC) business division offers risk management services
to corporations at a national and international level, including risk transfer
and risk finance solutions. With a global network of professionals in over 140
countries, GC provides companies with total risk management strategies and
standards that ensure all our customers have access to the same high-quality
service. GC insures many of Fortune's Global 100 companies and is the largest
corporate business insurer in Europe and the number two corporate insurer in the
US.
This information is provided by RNS
The company news service from the London Stock Exchange