Zurich Financial Services
06 September 2007
Zurich acquires Wrightway Underwriting in Ireland
Zurich Financial Services
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Switzerland
www.zurich.com
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ZURN
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Zurich, September 6, 2007 - Zurich Financial Services Group (Zurich) has today
announced the acquisition of 100% of Wrightway Underwriting Limited following
receipt of the necessary regulatory approvals. Wrightway Underwriting is
headquartered in Wexford, Ireland, and is one of the most successful independent
underwriting agencies in Ireland with a turnover of EUR 25.5 million as of
December 2006. It has been agreed not to disclose the price of the transaction.
The existing management team at Wrightway Underwriting will continue to develop
activities in chosen markets. Wrightway is a specialist provider of niche
solutions in General insurance. It has particular strengths in the private and
commercial motor insurance sector as well as property and construction related
markets. Wrightway will still act as an intermediary, placing business for its
customers with a panel of leading insurers, including Zurich. The business is
distributed via a network of brokers nationwide.
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 58,000 people serving customers in more than 170 countries.
This information is provided by RNS
The company news service from the London Stock Exchange