Berkshire Hathaway

Berkshire Hathaway Inc. is an American bunch amassed captivation aggregation headquartered in Omaha, Nebraska, United States. The aggregation wholly owns GEICO, BNSF, Lubrizol, Dairy Queen, Fruit of the Loom, Helzberg Diamonds, FlightSafety International, and NetJets, and aswell owns 26% of the Kraft Heinz Company,[3][3] an bearding allotment of Mars, Incorporated, and cogent boyhood backing in American Express, The Coca-Cola Company, Wells Fargo, IBM and Restaurant Brands International. Berkshire Hathaway averaged an anniversary advance in book amount of 19.7% to its shareholders for the endure 49 years (compared to 9.8% from the S&P 500 with assets included for the aforementioned period), while employing ample amounts of capital, and basal debt.[4]
The aggregation is accepted for its ascendancy and administration by Warren Buffett, who is the company's Chairman of the Board, President, and Chief Executive Officer, and Charlie Munger, the company's Vice-Chairman of the Board of Directors. In the aboriginal allotment of Buffett's career at Berkshire, he focused on abiding investments in about traded companies, but added afresh he added frequently bought accomplished companies. Berkshire now owns a assorted ambit of businesses including confectionery, retail, railroad, home furnishings, encyclopedias, manufacturers of exhaustion cleaners, adornment sales, bi-weekly publishing, accomplish and administration of uniforms, and several bounded electric and gas utilities.
According to the Forbes Global 2000 account and formula, Berkshire Hathaway is the fifth better accessible aggregation in the world.

History

Berkshire Hathaway traces its roots to a bolt accomplishment aggregation accustomed by Oliver Chace in 1839 as the Valley Falls Aggregation in Valley Falls, Rhode Island. Chace had ahead formed for Samuel Slater, the architect of the aboriginal accustomed bolt comminute in America. Chace founded his aboriginal bolt comminute in 1806. In 1929 the Valley Falls Aggregation alloyed with the Berkshire Cotton Accomplishment Aggregation accustomed in 1889, in Adams, Massachusetts. The accumulated aggregation was accepted as Berkshire Fine Spinning Associates.

In 1955 Berkshire Fine Spinning Associates alloyed with the Hathaway Accomplishment Aggregation which had been founded in 1888 in New Bedford, Massachusetts by Horatio Hathaway with profits from behemothic and the China Trade. Hathaway had been accustomed in its aboriginal decades, but it suffered during a accepted abatement in the bolt industry afterwards World War I. At this time, Hathaway was run by Seabury Stanton, whose investment efforts were adored with renewed advantage afterwards the Depression. Afterwards the alliance Berkshire Hathaway had 15 plants employing over 12,000 workers with over $120 actor in acquirement and was headquartered in New Bedford. However, seven of those locations were bankrupt by the end of the decade, accompanied by ample layoffs.

In 1962, Warren Buffett began affairs banal in Berkshire Hathaway afterwards acquainted a arrangement in the amount administration of its banal whenever the aggregation bankrupt a mill. Eventually, Buffett accustomed that the bolt business was crumbling and the company's banking bearings was not traveling to improve. In 1964, Stanton fabricated an articulate breakable action of $111⁄2 per allotment for the aggregation to buy aback Buffett's shares. Buffett agreed to the deal. A few weeks later, Warren Buffett accustomed the breakable action in writing, but the breakable action was for alone $113⁄8. Buffett after accepted that this lower, undercutting action fabricated him angry.[9] Instead of affairs at the hardly lower price, Buffett absitively to buy added of the banal to yield ascendancy of the aggregation and blaze Stanton (which he did). However, this put Buffett in a bearings area he was now majority buyer of a bolt business that was failing.

Buffett initially maintained Berkshire's amount business of textiles, but by 1967, he was accretion into the allowance industry and added investments. Berkshire aboriginal ventured into the allowance business with the acquirement of National Indemnity Company. In the backward 1970s, Berkshire acquired an disinterestedness pale in the Government Employees Allowance Aggregation (GEICO), which forms the amount of its allowance operations today (and is a above antecedent of basic for Berkshire Hathaway's added investments). In 1985, the endure bolt operations (Hathaway's celebrated core) were shut down.

In 2010, Buffett claimed that purchasing Berkshire Hathaway was the better investment aberration he had anytime made, and claimed that it had denied him circuitous investment allotment of about $200 billion over the consecutive 45 years.[9] Buffett claimed that had he invested that money anon in allowance businesses instead of affairs out Berkshire Hathaway (due to what he perceived as a slight by an individual), those investments would accept paid off several hundredfold.

China Life Insurance Company

China Activity Allowance Aggregation Limited is the better activity insurer in the People's Republic of China. The aggregation offers alone activity insurance, accumulation life, blow insurance, and bloom allowance policies. China Activity commands 45 percent of that market, and holds the amount one position in 29 of the country's 31 above markets—only Shanghai and Beijing, area the aggregation nonetheless is amount two, escape its dominance. Formed from the breakdown of above government-owned cartel People's Allowance Aggregation of China, China Activity is the alone activity allowance aggregation in China with a civic operating license, which has acceptable it to beforehand a arrangement of added than 8,000 acreage offices, 4,800 annex offices, 3,000 chump account offices, and 87,000 sales outlets in such locations as banks, column offices, hotels, airports, biking agents, and the like. The company's about 67,000 advisers are complemented by a arrangement of 650,000 absolute absolute sales agents. The aggregation aswell operates a "one-stop" 24-hour blast sales and account hotline. Together, China Activity serves added than 100 actor abiding action holders and added than 150 actor concise action holders, breeding about CNY 51 billion ($6.2 billion) in net premiums and action fees in 2003. The group's absolute sales topped $9.5 billion that year. China Activity listed on the Hong Kong Banal Exchange and the New York Banal Exchange at the end of 2003, adopting $3.5 billion in that year's better antecedent accessible alms (IPO). China has adumbrated its ambition to aggrandize into added cyberbanking areas, such as asset management, brokering, and banking.

Inheriting China's Pre-Revolution Allowance Industry The aperture of China to the West in the aboriginal years of the 20th aeon led to a array of new business opportunities. By the end of World War I, China, and abnormally Shanghai, had become a above centermost for all-embracing trade, although bedeviled by adopted interests. The active bartering bazaar in that city-limits offered entrepreneurs acutely absolute potential; a allotment of these was the adolescent C.V. Starr, an American, who founded an allowance agent's appointment in Shanghai in 1919. At first, Starr's company, American Asiatic Underwriters (AAU), served as a bounded adumbrative for adopted insurers.

AAU originally dealt in blaze and abyssal allowance policies. In the aboriginal 1920s, however, Starr accustomed the all-inclusive abeyant for activity allowance a allotment of the country's Chinese population. Starr set up a new company, Asia Activity Allowance Company, which became the aboriginal to bazaar activity allowance articles to the Chinese. The company's arch alpha accustomed it to physique bound into a arch allowance provider not alone beyond the Chinese mainland, but throughout abundant of the Asian region. Starr's aggregation eventually acquired into U.S. baton American Allowance Group. In the meantime, Asia Life's success aggressive a bulk of competitors. A lot of of these were bounded assembly of ample adopted companies. A amount of bounded groups appeared, however, and played an important role in developing the activity allowance bazaar a allotment of the aboriginal population.

One of the ancient and a lot of important of these companies was the Tai Ping Allowance Company, which was congenital in Shanghai in 1929. Founded by Mr. H.N. Ting (Ting Hsieh Nung) with the advice from the Chin Chen Coffer Shanghai, the new aggregation accustomed start-up investments from a amount of Chinese banks and began arising accepted allowance policies. The afterward year, Tai Ping added a activity allowance component, Tai Ping Activity Allowance Company. Tai Ping developed acerb through the 1930s, abacus about 20 branches in above cities in China as able-bodied as abroad in southeast Asia. The aggregation aswell opened some 400 accessory offices beyond the Chinese mainland, afore abacus adumbrative offices in Europe and in the Americas.

By the mid-1930s, Tai Ping had developed abundantly ample to become a affiliate of the Shanghai Allowance Association, the alone Chinese-owned aggregation to be included in what had ahead been an absolute club for adopted insurers. Tai Ping's fortunes began to abate afterwards the alpha of the Sino-Japanese War in 1937, and abnormally with the Mao-led Communist anarchy in 1949.

Tai Ping in the concurrently had been abutting by a growing amount of added Chinese-owned allowance companies. A allotment of these were China Allowance Company, founded in 1931 in Shanghai, which opened a activity allowance subsidiary, China Activity Allowance Aggregation in 1933. Later allowance bazaar entries included Ming An Allowance Company, accustomed in Hong Kong in 1949. By then, China boasted added than 240 allowance companies—some 180 of which were Chinese owned.

Following the revolution, the Mao government set up the People's Allowance Aggregation of China (PICC), which took over all allowance interests on the mainland. Tai Ping's administration fled to Taiwan in 1950, reestablishing the company's operations there. Added companies, abnormally those that had set up adopted branches in Hong Kong, Singapore, Taiwan, Saigon and elsewhere, withdrew from the acreage to clean their businesses about their adopted holdings. Adopted allowance companies were artlessly expelled outright, and their backing regrouped beneath PICC as well.

At aboriginal the PICC cartel connected to accomplish its assorted allowance services, amalgam the assets of the above absolute allowance sector. By 1952, PICC represented a civic arrangement of 1,300 branches and 3,000 bureau outlets. Yet the Chinese government, in its accomplishment to beforehand its regime, bent that allowance was abounding in a accompaniment area the government was meant to accommodate for all amusing abundance for its citizens. In 1959, therefore, all calm allowance business was ended. PICC's role was bargain to accouterment allowance accoutrement the country's adopted action needs, such as for the abyssal and aerodynamics sectors. Afterward the reform, PICC was adapted into a administration of the government's axial bank.

Reforming in the 1980s Economic reforms launched beneath Deng Xiaoping in 1978 paved the way to a activation in China's allowance sector. In 1979, the People's Allowance Aggregation of China was afar from the axial coffer and reestablished as an apart operating, although state-controlled, company. In that year, PICC began alms accepted (i.e., non-life) allowance policies. In 1980, as the aboriginal initiatives to accompany adopted investment basic in the country emerged, PICC formed a collective adventure with American Allowance Group—allowing the American aggregation to analysis the amnion afore authoritative a broader acknowledgment to the acreage allowance bazaar in the 1990s.

PICC began alms activity allowance behavior afresh in 1982, targeting the baby but growing numbers of common and affluent Chinese, as able-bodied as government officials. Nonetheless, the Chinese activity allowance bazaar remained tiny—as backward as 2004, per capita spending on activity allowance amounted to the agnate of just $28, compared with boilerplate per capita spending of as abundant $2,800 or added in Japan, alms aperitive affairs for approaching growth.

PICC clearly retained its cartel on the Chinese allowance bazaar into the backward 1980s. In 1988, however, the company's cartel was abolished. Licenses were accepted to the company's aboriginal competitors, including Ping An, which, accustomed that year, grew into the country's additional better activity insurer, with a ascendancy in the important Beijing market. Added aboriginal calm competitors included China Pacific, based in Shanghai, which aswell started business in 1988, and American Allowance Group, which, in 1992, became the aboriginal adopted aggregation to be accepted a approval to accomplish a self-standing business on the acreage (i.e., not as allotment of a collective adventure with a bounded partner). Nonetheless, PICC remained the bright allowance best on the mainland, with a able civic presence. The aggregation aswell began aperture offices overseas, abacus locations in Singapore, Hong Kong, Tokyo, and London.

Public Aggregation for the New Aeon The Chinese government began a added aperture of the country's allowance bazaar in the aboriginal 1990s. By the end of the decade, the government had accepted licenses to a absolute of 16 companies—including such abiding groups as Tai Ping Allowance Aggregation and China Allowance Company. The added aggressive ambiance led to a charge to change PICC's structure. In 1996, the aggregation reorganized as a captivation company, alleged PICC Group. Its operations were afresh torn up into three subsidiaries, PICC Life, PICC Property, and PICC Reinsurance. PICC Accumulation initially operated beneath the ascendancy of the People's Coffer of China.

Despite the restructuring, PICC Accumulation was somewhat bedfast in its growth. The accession of AIG had alien a new tied-agency arrangement into the market, auspicious the development of annex networks. Yet PICC Group, as a state-owned enterprise, was initially barred from developing its own arrangement of annex offices and angry agents. As a result, the aggregation was affected to abalienate the administration atom in two of the country's a lot of important markets, Beijing, captured by Ping An, and Shanghai, taken by China Pacific.

In 1998, the Chinese government transferred blank of the country's growing allowance bazaar to a new body, the China Allowance Regulatory Commission (CIRC). Beneath new rules, allowance companies were banned from operating in both the non-life and activity allowance markets. As a result, PICC Accumulation was torn up into its four primary components: PICC, which took over the company's accepted allowance business; China Re, for its reinsurance operations; China Insurance, which handled the group's all-embracing activities; and China Life. All four companies remained controlled by the Chinese state.

Yet the above associates of PICC Accumulation began affective against an aperture of its allotment basic at the alpha of the 2000s. In 2000, China Activity appear its ambition to alter its own shareholding in beforehand of a approaching accessible offering. In the meantime, the aggregation connected to physique up its business beyond China, solidifying its ascendant position in 29 of the country's 30 above markets. China Activity aswell was helped by the government's aphorism for adopted corporations operating in China, which assured that all advisers in these companies have to be covered by unified allowance policies. In response, China Activity concentrated its unified allowance operations at its Guangdong Branch, abutting to the rapidly accretion free-trade zone, in which the majority of adopted enterprises had set up their Chinese operations. By 2001, China Activity had captured 80 percent of the unified allowance business for the top 500 adopted firms operating in China.

China Activity afresh began petitioning the CIRC for approval to go public, which was accepted in June 2003. As allotment of the run up to the company's IPO, China Activity restructured its operations, agreeable into three entities: China Activity Allowance Aggregation and China Activity Asset Administration Company, both of which were placed beneath a new captivation company, China Activity Allowance Corporation.

In adjustment to accomplish its IPO added attractive, the ancestor captivation transferred alone long- and medium-term behavior issued on or afterwards June 10, 1999, to China Life. This move was fabricated in adjustment to abstain ablution China Activity with the accountability of a ample amount of loss-making behavior issued at acknowledgment ante as top as 6.5 percent. The June 10, 1999 date corresponded to an emergency cardinal by the CIRC, which bargain acknowledgment ante to just 2.5 percent.

To allure as advanced a basin of investors as possible, China Activity launched its IPO on both the Hong Kong Banal Exchange and the New York Banal Exchange in December 2003. The IPO was a huge success, adopting $3.5 billion and acceptable the world's better for that year. The retail action had been oversubscribed by 172 times, and the absolute adjustment had accomplished $80 billion.

The success of its IPO encouraged China Activity to activate eyeing amplification into new markets in 2004. China Life's unlisted ancestor aggregation appear its ambition to alter its allowance business to cover acreage allowance and beforehand an allowance abettor agent business as able-bodied as add added cyberbanking services. China Activity itself appear its ambition to alter into new services, such as asset management, allowance services, and cyberbanking in the abreast future. In the meantime, China Activity had emerged as the ascendant amateur in what abounding accepted to become the world's fastest-growing and better activity allowance market.

Principal Competitors: Ping An Allowance Aggregation Ltd.; China Pacific Allowance Aggregation Ltd.; AIG; AIU Allowance Co.; Allianz Dazhong Activity Allowance Aggregation Ltd.; Chubb Accumulation of Allowance Cos.; Cigna Corporation; Manulife-Sinochem Activity Allowance Aggregation Ltd.[2]

It became a public-listed aggregation on December 18, 2003, with a bazaar assets of US$5,756 actor as of August 31, 2005. ¥832.5Billion was arctic during the IPO. The calm listing, the aboriginal by an insurer in China, drew bids for about 49 times the banal on offer. The assets acquiesce China Activity to canyon ING Accumulation NV, Allianz SE and Axa to become the world's no. 2 insurer with a bazaar amount of $129 billion, abaft American All-embracing Group's $186 billion. China Activity is aswell listed in China back Jan of 2007.

There is no business accord amid China Activity Allowance Aggregation in Acreage China and Taiwan.

Allianz

Allianz SE (/ˈæliənts-/ al-i-ənts; German pronunciation: [aliˈants] ( listen)) is a European banking casework aggregation headquartered in Munich, Germany. Its amount businesses are allowance and asset management. As of 2014, it is the world's better allowance company, the better banking casework accumulation and the better aggregation according to a blended admeasurement by Forbes magazine,[3] as able-bodied as the better banking casework aggregation if abstinent by 2013 revenue. The aggregation is a basic of the Euro Stoxx 50 banal bazaar index.

Its Allianz All-around Investors analysis ranks as a top-five all-around alive investment manager, accepting €1,933 billion of assets beneath administration (AuM), of which €1,408 billion are third-party assets (as of 2015-03-31), with specialized asset managers including PIMCO (bonds), RCM (equities) and Degi (real estate).

Allianz awash Dresdner Bank to Commerzbank in November 2008. As a aftereffect of this merger, Allianz acquired a 14% authoritative pale in the new Commerzbank.

History

Allianz AG was founded in Berlin on 5 February 1890 by again administrator of the Munich Reinsurance Aggregation Carl von Thieme (a built-in of Erfurt, whose ancestor was the administrator of Thuringia) and Wilhelm von Finck (co-owner of the Merck Finck & Co bank). The collective aggregation was listed in Berlin's barter register[6] beneath the name Allianz Versicherungs-Aktiengesellschaft. The aboriginal Allianz articles were abyssal and blow behavior aboriginal awash alone in Germany, about in 1893 Allianz opened its aboriginal all-embracing annex appointment in London. It broadcast abyssal allowance advantage to German audience searching for advantage abroad.

In 1900 the aggregation became the aboriginal insurer to access a authorization to deliver accumulated policies. In 1904 Paul Von Naher took over the sole administration of the company, as it confused into the US and added markets. Markets entered by 1914 included the Netherlands, Italy, Belgium, France, the Scandinavian countries and the Baltic States, and Allianz had become the better amphibian insurer in Germany. The aggregation suffered an aboriginal adversity in expansion, if the 1906 San Francisco convulsion acquired the aggregation to sustain 300,000 marks in losses. In 1905 the aggregation acquired Fides Allowance Company, a close that had innovated the aboriginal anatomy of home aggression insurance. Added places it would aggrandize into during the 1910s and 1920s included Palestine, Cyprus, Iraq, China, the Dutch Indies, Ceylon, and Siam.

In 1905 the aggregation began to action blaze insurance, and in 1911 it began to advertise accouterment breakdown policies. Allianz remained the alone aggregation in the apple that awash apparatus breakdown allowance until 1924. Again in 1918 it began to action auto allowance as well. In 1921 Von Naher died and was succeeded by Kurt Schmitt. The aggregation would activate to action activity allowance as of 1922, acceptable Europe's better offerer of the behavior by the end of the 1920s.

In 1927 Allianz alloyed with Stuttgarter Verein Versicherung AG and  two years after acquired the allowance businesses of Favag, a ample German insurer that declared defalcation due to the access of the Great Depression. Amplification of the aggregation again slowed until 1938 at which point it active added than 24,000 people. Christian Stadler wrote of the history of Allianz that it "shows how important it is to alter into accompanying areas to barrier adjoin the accident of axiological changes in markets and economies".

During Apple War II the Berlin address of Allianz were destroyed by Allied bombing runs. Following the end of the war in 1945, Hans Heb became arch of the company, and Allianz confused its address to Munich in 1949 due to the breach amid East and West Germany. Heb alone captivated the position until 1948, if he was replaced by Hans Goudefroy. After Apple War II, all-around business activities were gradually resumed. Allianz opened an appointment in Paris in 1959, and started repurchasing stakes in above subsidiaries in Italy and Austria. In 1971 Wolfgang Schieren became the arch of the company.

These expansions were followed in the 1970s by the enactment of business in the United Kingdom, the Netherlands, Spain, Brazil and the United States. In 1986, Allianz acquired Cornhill Allowance PLC, London, and the acquirement of a pale in Riunione Adriatica di Sicurità (RAS), Milan, adequate its attendance in Western and Southern Europe in the 1980s.

In 1990, Allianz started an amplification into eight Eastern European countries with establishing a attendance in Hungary. In the aforementioned decade, Allianz aswell acquired Fireman's Fund, an insurer in the United States, which was followed by the acquirement of Assurances Générales de France (AGF), Paris. These acquisitions were followed by the amplification into Asia with several collective ventures and acquisitions in China and South Korea and the accretion of Australia's Manufacturers Mutual Insurance. Around this time Allianz broadcast its asset administration business as able-bodied by purchasing for archetype asset administration companies in California.

American International Group (AIG)

American International Group, Inc. – aswell accepted as AIG – is an American bunch allowance association with added than 88 actor barter in 130 countries. AIG companies apply over 64,000 humans in 90 countries. The aggregation operates through three businesses: AIG Property Casualty, AIG Activity and Retirement and United Agreement Association (UGC). AIG Property Casualty provides allowance articles for commercial, institutional and alone customers. AIG Activity and Retirement provides activity allowance and retirement casework in the United States. UGC focuses on mortgage agreement allowance and mortgage insurance. AIG aswell focuses on all-around basic markets operations, absolute investment and retained interests.

AIG was a axial amateur in the banking crisis of 2008. It was bailed out by the federal government for $180 billion, and the government took control. The Banking Crisis Inquiry Commission (FCIC) of the US government assured AIG bootless primarily because it awash massive amounts of allowance after ambiguity its investment. Its astronomic sales of acclaim absence swaps were fabricated after putting up antecedent collateral, ambience abreast basic reserves, or ambiguity its acknowledgment — a abstruse abortion in accumulated governance, decidedly its risk-management practices.

AIG’s accumulated address are in New York City, its Europe, Middle East, and Africa (EMEA) address are in London, and its Asian address are in Hong Kong. The aggregation serves 98% of the Fortune 500 companies, 96% of Fortune 1000, and 90% of Fortune All-around 500, and insures 40% of Forbes 400 Richest Americans. AIG was ranked 40th better aggregation in the 2014 Fortune 500 list. According to the 2014 Forbes All-around 2000 list, AIG is the 42nd-largest accessible aggregation in the world. On March 31, 2015 AIG had a bazaar assets of $75.04 billion.

The aboriginal years: 1919 to 1945

AIG traces its roots aback to 1919, if American Cornelius Vander Starr (1892-1968) accustomed a accepted allowance agency, American Asiatic Underwriters (AAU), in Shanghai, China.[8] Business grew rapidly, and two years later, Starr formed a activity allowance operation.[9] By the backward 1920s, AAU had branches throughout China and Southeast Asia, including the Philippines, Indonesia, and Malaysia.[10] In 1926, Mr. Starr opened his aboriginal appointment in the United States, American All-embracing Underwriters Corporation (AIU).[11] He aswell focused on opportunities in Latin America and, in the backward 1930s, AIU entered Havana, Cuba.[12] The abiding advance of the Latin American agencies accepted cogent as it would account the abatement in business from Asia due to the approaching World War II.[8] In 1939, Mr. Starr confused his address from Shanghai, China, to New York City.

International and calm expansion: 1946 to 1959

After World War II, American All-embracing Underwriters (AIU) entered Japan[8] and Germany, to accommodate allowance for American aggressive personnel. Throughout the backward 1940s and aboriginal 1950s, AIU connected to aggrandize in Europe, with offices aperture in France, Italy,[10] and the United Kingdom. In 1952, Mr. Starr began to focus on the American bazaar by accepting Globe & Rutgers Fire Allowance Aggregation and its subsidiary, American Home Fire Assurance Company. By the end of the decade, C.V. Starr's accepted and activity allowance alignment included an all-encompassing arrangement of agents and offices in over 75 countries.

Reorganization and specialization: 1960 to 1979

In 1960, C.V. Starr assassin Maurice R. Greenberg to advance an all-embracing blow and bloom business.[18] Two years later, Mr.Greenberg reorganized one of C.V. Starr’s U.S. backing into a acknowledged assorted band carrier.[17] Greenberg focused on affairs allowance through absolute brokers rather than agents to annihilate abettor salaries. Using brokers, AIU could amount allowance according to its abeyant acknowledgment even if it suffered decreased sales of assertive articles for abundant lengths of time with actual little added expense. In 1967, American All-embracing Group, Inc. (AIG) was congenital as a accumulation awning alignment for a lot of of C.V. Starr’s accepted and activity allowance businesses. In 1968, Starr called Greenberg his successor. The aggregation went accessible in 1969.

The 1970s presented abounding challenges for AIG as operations in the Middle East and Southeast Asia were concise or accomplished altogether due to the alteration political landscape. However, AIG connected to aggrandize its markets by introducing specialized energy, transportation, and shipment articles to serve the needs of alcove industries. By 1979, with a growing workforce and a common arrangement of offices, AIG offered audience above abstruse and accident administration abilities in an more aggressive marketplace.

New opportunities and directions: 1980 to 1999

During the 1980s, AIG connected accretion its bazaar administration and common arrangement by alms a advanced ambit of specialized products, including abuse liability and political risk. In 1984, AIG listed its shares on the New York Stock Exchange (NYSE). Throughout the 1990s, AIG developed new sources of assets through assorted investments, including the accretion of All-embracing Lease Finance Corporation (ILFC), a provider of busy aircraft to the airline industry.[8] In 1992, AIG accustomed the aboriginal adopted allowance authorization accepted in over 40 years by the Chinese government. Within the U.S., AIG acquired Sun America Inc. a retirement accumulation company, in 1999.

Further amplification and decline: 2000 to 2012

The aboriginal 2000s saw a apparent aeon of advance as AIG acquired American Accepted Corporation, a arch calm activity allowance and annuities provider, and AIG entered new markets including India. In February 2000, AIG created a cardinal advising adventure aggregation with the Blackstone Group and Kissinger Associates "to accommodate banking advising casework to corporations gluttonous top akin absolute cardinal advice. AIG was an broker in Blackstone from 1998 to March 2012, if it awash all of its shares in the company. Blackstone acted as an adviser for AIG during the 2007-2008 banking crisis.

In November 2004, AIG accomplished a US$126 actor adjustment with the U.S. Securities and Exchange Commission and the Justice Department partly absolute a amount of authoritative matters, but the aggregation accept to still abet with board continuing to delving the auction of a non-traditional allowance product.

Accounting scandal

In 2005, AIG became affected in a alternation of artifice investigations conducted by the Securities and Exchange Commission, U.S. Justice Department, and New York State Attorney General's Office. Greenberg was ousted amidst an accounting aspersion in February 2005. The New York Attorney General's analysis led to a $1.6 billion accomplished for AIG and bent accuse for some of its executives.

On May 1, 2005, investigations conducted by alfresco admonition at the appeal of AIG's Audit Committee and the appointment with AIG's absolute auditors, PricewaterhouseCoopers LLP resulted in AIG's accommodation to recapitulate its banking statements for the years concluded December 31, 2003, 2002, 2001 and 2000, the abode concluded March 31, June 30 and September 30, 2004 and 2003 and the division concluded December 31, 2003. On November 9, 2005, the aggregation was said to accept delayed its third-quarter balance address because it had to recapitulate beforehand banking results, to actual accounting errors.

Ping An insurance

Ping An (Chinese: 中国平安; pinyin: Zhōngguó Píng Ān), abounding name Ping An Allowance (Group) Aggregation of China, Ltd. is a captivation aggregation whose subsidiaries mainly accord with insurance, banking, and banking services. The aggregation was founded in 1988 and has its address in Shenzhen and Shanghai. Píng Ān (平安) actually agency "safe and well".

Business

Ping An Allowance accumulation is the captivation aggregation of Ping An Life Allowance Aggregation of China, Ltd. and Ping An Property & Blow Allowance Aggregation of China, Ltd. It aswell controls China Ping An Allowance Across (Holdings) Limited and Ping An Trust & Investment Co., Ltd. Ping An Allowance Overseas, amid in Hong Kong, is a additional captivation aggregation for accessory companies amid alfresco of China.

Ping An Trust & Investment has the subsidiaries of Ping An Securities and Ping An Bank.

Ping An began as alone a blow allowance company. Since the mid-1990s Ping An has been diversifying into banking casework from its amount business of allowance and began demography investments from across firms. Ping An accustomed investments from Morgan Stanley and Goldman Sachs in 1994. In 2002 HSBC took a ample disinterestedness absorption in Ping An. In aboriginal 2008, Ping An agreed to yield a 50% allotment in Fortis Investments,[4] which had taken over ABN AMRO Asset Management as a aftereffect of the breach up of ABN Amro in backward 2007, but the accord was annulled in October 2008.

In June 2009, Ping An became a cardinal broker in Shenzhen Development Bank.

Ownership

Ping An has the allocation as getting a clandestine company. Richard McGregor, columnist of The Party: The Secret World of China's Communist Rulers, said that "the accurate affairs of ample chunks of its shares charcoal unclear" and that the affairs of Ping An is a "murky structure". In October 2012, The New York Times appear that ancestors and assembly of Chinese Premier Wen Jiabao controlled stakes in Ping An account at atomic US$2.2 billion in 2007. They paid the agnate of 40 cents a share, others affairs in the aforementioned time anatomy paid as abundant as $1.20. Thanks to favorable authoritative analysis and licensing, the close was able to body a assorted cyberbanking close with interests in insurance, brokerage, and banking.

Although Ping An styles itself as a bounded Chinese insurer,[citation needed] HSBC acquired 48.22% of H shares by agency of altered HSBC subsidiaries. HSBC authority 16.8% of absolute shares of Ping An, authoritative itself to be the better shareholder. Charoen Pokphand Group of Thailand has got the approval of USD 9.39 billion acquirement of HSBC's stake. On May 10, 2013, in animosity of a abridgement of accommodation from the China Development Bank, HSBC said "it was affairs the 15.6 per cent pale at HK$59 a share" in Ping An to Charoen Pokphand Group.

MetLife

MetLife, Inc. is the captivation association for the Metropolitan Activity Allowance Aggregation (MLIC), bigger accepted as MetLife, and its affiliates. MetLife is a part of the better all-around providers of insurance, annuities, and agent account programs, with 90 actor barter in over 60 countries. The close was founded on March 24, 1868.

On January 6, 1915, MetLife completed the mutualization process, alteration from a banal activity allowance aggregation endemic by individuals to a alternate aggregation operating after alien shareholders and for the account of policyholders. The aggregation went accessible in 2000. Through its subsidiaries and affiliates, MetLife holds arch bazaar positions in the United States, Japan, Latin America, Asia’s Pacific region, Europe, and the Middle East.[9] MetLife serves 90 of the better Fortune 500 companies. The company’s arch offices are amid at 1095 Avenue of the Americas in Midtown Manhattan, New York City, admitting it retains some controlling offices and its boardroom in the MetLife Building, amid at 200 Park Avenue, New York City, which it awash in 2005.

History

The antecedent aggregation to MetLife began in 1863 if a accumulation of New York City businessmen aloft $100,000 to begin the National Union Activity and Limb Allowance Company. The aggregation insured Civil War sailors and soldiers adjoin disabilities due to wartime wounds, accidents, and sickness. On March 24, 1868, it became accepted as Metropolitan Activity Allowance Aggregation and confused its focus to the activity allowance business.

The Metropolitan Activity Allowance Aggregation tower, which ahead served as aggregation headquarters, was featured in its bartering for abounding years.

A astringent business abasement that began with the Panic of 1873 affected the aggregation to contract, until it accomplished its everyman point in the backward 1870s. After celebratory the allowance industry in Great Britain in 1879, MetLife President Joseph F. Knapp brought “industrial” or “workingmen’s” allowance programs to the United States – allowance issued in baby amounts on which premiums were calm account or account at the policyholder’s home. By 1880, sales had exceeded a division actor of such policies, consistent in about $1 actor in acquirement from premiums. In 1909, MetLife had become the nation’s better activity insurer in the U.S., as abstinent by activity allowance in force (the absolute amount of activity allowance behavior issued).

In 1907, the Metropolitan Activity Allowance Aggregation belfry was commissioned to serve as MetLife’s 23rd Street address in Lower Manhattan. Completed two years later, the architecture was the world's tallest until 1913 and remained the company's address until 2005. For abounding years, an analogy of the architecture (with ablaze appearing from the tip of its acme and the slogan, "The Ablaze That Never Fails") featured noticeably in MetLife’s advertising.[32] By 1930, MetLife insured every fifth man, woman, and adolescent in the United States and Canada. During the 1930s, it aswell began to alter its portfolio by abbreviation the allotment of alone mortgages in favor of accessible account bonds, investments in government securities, and loans for bartering absolute estate. The aggregation financed the architecture of the Empire State Architecture in 1929 as able-bodied as provided basic to body Rockefeller Center in 1931. During World War II, MetLife placed added than 51 percent of its absolute assets in war bonds, and was the better individual clandestine contributor to the Allied cause.

In 2012, MetLife bootless the Federal Reserve’s (the Fed's) Comprehensive Basic Analysis and Review accent test, advised to adumbrate the abeyant abortion of the aggregation in a recession. The Fed declared that the minimum absolute risk-based basic arrangement should be 8% and it estimated MetLife's arrangement at alone 6%. The aggregation had requested approval for a US$2,000,000,000 allotment repurchase to prop up the banal price, forth with an added dividend. Because MetLife endemic MetLife Bank, it was accountable to stricter cyberbanking regulation. To escape that akin of regulation, MetLife appear the auction of its cyberbanking assemblage to GE Capital. On November 2, 2012, MetLife said it was affairs its US$70,000,000,000 mortgage appliance business to JPMorgan Chase for an bearding amount.[74] Both sales were allotment of its action to focus on the allowance ancillary of its business.

The attack to escape "too big to fail" adjustment was not successful. In September 2014, the U.S. government empiric the 2010 Dodd-Frank cyberbanking ameliorate law by proposing the appliance of an official characterization to MetLife as "systemically important" to the American economy. If implemented, MetLife would be accountable to altered sets of rules and regulations, with added blank from the Federal Reserve. The aggregation appealed this angle in November 2014. In December 2014, federal regulators absitively that MetLife appropriate the appropriate regulations aloof for cyberbanking companies and organizations accounted "systemically important," or "too big to fail".[78] MetLife appear in January 2015 that it would book a accusation adjoin the District of Columbia to annul the federal regulators' decision, appropriately acceptable the aboriginal nonbank to claiming such a decision. Three added nonbank companies accept been appointed as "systemically important": AIG, General Electric and Prudential. MetLife connected to appeal this affair as of mid-2015, with the US Department of Justice allurement that their claiming be dismissed.

AXA

AXA is a French bunch allowance close headquartered in the 8th arrondissement of Paris that engages in all-around insurance, investment management, and added banking services. The AXA Accumulation operates primarily in Western Europe, North America, the Asia Pacific region, and the Middle East, with attendance aswell in Africa. AXA is a amassed of apart run businesses, operated according to the laws and regulations of abounding altered countries. The aggregation is a basic of the Euro Stoxx 50 banal bazaar index.

History

The aggregation was originally founded in 1816 as Mutuelle de L'assurance contre L'incendie (the Ancienne Mutuelle).[4] It acquired Compagnie Parisienne de Garantie in 1978 and became Mutuelles Unies.[5] It went on to buy the Drouot Accumulation in 1982, acceptable Mutuelles Unies/Drouot. It adopted the AXA name in 1985.[5] The takeover of the American allowance aggregation The Equitable, came in 1991.[5] It bought Union des Assurances De Paris (UAP), France's better insurer, in 1996 acceptable AXA-UAP for a while afore reverting to the name AXA in 1999.[6] Then in February 1999 AXA acquired Guardian Royal Exchange.[7] In May 2000 AXA acquired all shares it did not already own in Sun Life & Provincial Holdings.[8] On 14 June 2006 AXA acquired the arch Swiss allowance aggregation Winterthur Accumulation from Credit Suisse for about €9 billion.

Despite getting accounting in high case, "AXA" is not an acronym, but was called because its name can be arresting calmly by humans who allege any language. After accepting the Drouot Accumulation in 1982, Chairman and CEO Claude Bébéar assassin an alfresco adviser to conduct a computer-aided seek for a new name. Bébéar capital a abbreviate and abrupt name to back animation and could be arresting the aforementioned way in every language, constant with the group's admiration for an all-embracing presence. Initially, "Elan" was the top choice, but Canadian admiral aghast because "elan" is the French chat for a moose or elk. In 1985, Bébéar chose the name AXA.

AXA trades in the United Kingdom as AXA UK application a amount of subsidiaries such as AXA Sun Life, AXA Insurance, AXA Investment Managers, AXA Abundance and AXA PPP Healthcare. AXA PPP Healthcare was created if AXA bought Guardian Royal Exchange (GRE), admitting it after awash the added locations of GRE to Aegon. The aggregation aswell owns the online insurer Swiftcover, administration business Bluefin and armamentarium administrator Architas. In January 2007 AXA was reorganised into "strategic business units" (SBU's) aimed at aggressive aural their specific markets.

In September 2013, AXA Abundance was fined £1.8m by the FCA for declining to ensure it gave acceptable investment admonition to its customers. The regulator says it begin “serious defects” in the way AXA admiral in Clydesdale Bank, Yorkshire Bank and the West Bromwich Building Society brash barter on investments.

AXA run its investment annex through AXA Investment Managers (IM).

AXA Sun Life was created afterward the alliance amid AXA Equity & Law and Sun Life Assurance Society PLC. In 2006 Winterthur Life in the UK was captivated although AXA abide to use the Winterthur cast for high-net-worth abundance administration business. 

In Mexico, as a cultural bequest for the aggregation and the country, started la coleccion AXA, directed by art babysitter Patricia Martín. The accumulating chip pieces from artisan like Hector Zamora, Luis Felipe Ortega, Pedro Reyes, Stefan Brüggemann, Mario García Torres, Abraham Cruzvillegas, Damian Ortega and Carlos Amorales.

Besides its aesthetic and amusing altruistic initiatives (AXA Heart in action), AXA created the AXA Analysis Fund in 2008. Endowed with €100 million, it provides abutment for analysis focused on compassionate and preventing the risks aggressive the environment, animal activity and our societies.

256 basic-research projects were adjourned aural three years, including 230 adolescent researchers, PhDs or in postdoctoral year, alive in laboratories all about the world. In accession to this support, AXA gathers every year the adolescent advisers to accommodated a world-class researcher, barter best practices and network, aloft any apprenticeship or discipline.

The Fund has aswell awarded 11 endowments for several actor euros acknowledging analysis institutions of arete (HEC Paris, NUS, University of Bristol, LSE, MetOffice, INSERM, IHES...). These Analysis and Apprenticeship Chairs intend to allure the best scientists. For example, the AXA - Polytechnique Chair in Cellular Cardiovascular Engineering,[28] captivated by Abdul Barakat, aims to advance analysis on cardiovascular diseases, but aswell to alternation and advance adolescent advisers through continued educational programs.

The 256 analysis projects adjourned as of today are implemented in 22 countries with advisers of 42 altered nationalities. The Scientific Board is chaired by Ezra Suleiman and composed of eminent associates of the bookish apple and AXA Group assembly Pascale Cossart, Brian Hoskins, José Scheinkman, affiliate of the Scientific Board and James Vaupel.

AIA Group

AIA Accumulation is a absolute activity allowance aggregation originated in Hong Kong with operations in Australia, New Zealand and East Asian and South Asian countries and subsidiaries in Thailand, Hong Kong, Singapore, Malaysia, China, and Korea. With advisers of added than 21,000 the allowance in addition arch association in the apple that aswell enrolled in the account of top best allowance companies in the world. The accumulation allowance casework cover Credit insurance, abundance administration plans, retirement schemes, extenuative and investment services.

AIA Accumulation Limited [2] accepted as AIA (Chinese: 友邦保險控股有限公司) is the better absolute accessible listed pan-Asian activity allowance group. It has a attendance in 18 markets in Asia-Pacific, wholly endemic branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97% accessory in Sri Lanka, a 26% collective adventure in India, and adumbrative offices in Myanmar and Cambodia.

AIA traces its roots aback to 1919 if an active adolescent man called Cornelius Vander Starr opened an allowance bureau in Shanghai, China. Vander Starr eventually broadcast his business throughout Asia, the US, and worldwide. In 1945, he relocated his arch appointment from Shanghai to New York afterwards a affected avenue from acreage China. Thus the Asian AIA became a accessory of New York-based American International Accumulation (AIG).

In 2009 AIA breach from AIG afterwards it was accomplished that AIA, as able-bodied as ALICO (another AIG subsidiary), were placed beneath the administering of a appropriate purpose car in barter for the Federal Reserve Coffer of New York.[3]

AIA was planned to be listed in Hong Kong Stock Barter in April 2010. However, in March 2010, Prudential PLC, a UK-based banking casework and balance company, appear that it would buy AIA for US$35.5 billion.[4] The acquirement after fell through, and AIA captivated an IPO in October 2010, adopting about HK$159.08 billion (US$20.51 billion), the world's third better IPO ever.[5]

In September 2012, AIA agreed to access a 92.3% pale in Sri Lankan insurer Aviva NDB Allowance from British insurer Aviva and Sri Lanka's National Development Coffer (NDB). In addition, AIA entered into an absolute 20-year bancassurance acceding with NDB, one of Sri Lanka's better banking conglomerates with a civic coffer annex network.[6]

In October 2012, AIA appear that it had accomplished an acceding to access ING Group's Malaysian allowance subsidiaries for a banknote application of €1.336 billion (US$1.73 billion).[7]

In December 2012, AIA was abreast by AIG that AIG had entered into a acceding acceding to advertise all of its accustomed shares of AIA at a amount of HK$30.30 per share. Upon achievement of the placing, AIG absolutely bald its antecedent 13.69% AIA allotment holdings.[8]

On 15 August 2013, AIA had become English Premier League football club Tottenham Hotspur's Cup Shirt sponsor for the 2013-2014 season.[9]

In December 2013, AIA and Citibank accomplished an acceding on a battleground absolute bancassurance affiliation that encompasses 11 markets in the Asia-Pacific region. The markets included in the acceding are: Hong Kong, Singapore, Thailand, China, Indonesia, Philippines, Vietnam, Malaysia, Australia, India, and Korea.[10]

In February 2014, the insurer appear that it entered into a five-year above affiliation with Tottenham Hotspur. Beneath the agreement, the AIA cast will affection on the shirts of Spurs players in all competitions until the end of the 2018-2019 season.[11]

In June 2014, AIA Singapore was called "Best Employer to Work For in Asia" and accustomed the accolade from HR Asia. 

ING Group

The ING Group (Dutch: ING Groep) is a Dutch bunch cyberbanking and cyberbanking casework association headquartered in Amsterdam. Its primary businesses are retail banking, absolute banking, bartering banking, investment banking, asset management, and allowance services. ING is an abridgement for Internationale Nederlanden Groep (English: International Netherlands Group).

The orange bobcat on ING's logo alludes to the Group's Dutch origins beneath the House of Orange-Nassau.[3] ING is the Dutch affiliate of the Inter-Alpha Group of Banks, a accommodating bunch of 11 arresting European banks. ING Bank was included in a account of all-around systemically important banks in 2012.

According to the "Fortune All-around 500" in 2012, ING was the world's better banking/financial casework and allowance amassed by acquirement with gross receipts beyond $150 billion per annum; overall, it was the 18th better association by revenue. As of 2013, ING served over 48 actor alone and institutional audience in added than 40 countries, with a common workforce beyond 75,000. The aggregation is a basic of the Euro Stoxx 50 banal bazaar index.

Insurance

In 1845 the blaze allowance aggregation the Assurantie Maatschappij tegen Brandschade de Nederlanden van 1845 (Fire allowance aggregation of the Netherlands accustomed 1845) was founded and grew to be the aboriginal allowance aggregation with branches alfresco the Netherlands, of which it had 139 the apple over by 1900. It after afflicted its name to "De Nederlanden van 1845". Two decades after in 1863 the activity allowance aggregation Nationale Levensverzekerings Bank (National Activity Allowance Bank) was founded in Rotterdam. These two allowance companies would accomplish assorted acquisitions afore amalgamation to anatomy the accumulated allowance aggregation the Nationale-Nederlanden in 1963. The accumulated allowance aggregation would aggrandize decidedly during the 1970s and 1980s

ING Group broadcast its all-embracing business through a amount of acquisitions through the 1990s including Belgian coffer Banque Bruxelles Lambert (BBL) in 1998, US-based allowance aggregation Equitable of Iowa and the bartering coffer Furman Selz. It aswell acquired Frankfurt based BHF-Bank in 1999, although disposed of this later. It added its Latin American and Asia Pacific's allowance businesses with the accretion of ReliaStar and Aetna's Banking Casework unit. It aswell acquired the Polish Coffer Śląski and Mexican allowance aggregation Seguros Comercial América.

However, it was the 1995 acquirement of Barings Coffer afterwards its affecting abortion that saw ING Group's investment cyberbanking business additional significantly.

Expanding its retail cyberbanking business overseas, rather than actualize a annex network, it acclimated the absolute cyberbanking business archetypal it had developed with NMB Postbank to barrage an across absolute cyberbanking businesses alleged ING Direct. The aboriginal of these was set up in Canada in 1997, and was anon followed in a amount of added countries including the US, UK, Germany, France and Australia. The no frills, top amount accumulation accounts that could alone be accessed online were a acknowledged adventure and spawned a amount of agnate casework from battling banks.

In 2008, as allotment of the late-2000s banking crisis ING Group, calm with all added aloft banks in the Netherlands, took a basic bang from the Dutch Government. This abutment added ING's basic arrangement aloft 8%, about as a action of Dutch accompaniment aid, the EU accepted a amount of changes to the aggregation structure. This resulted in the auction of a amount of businesses about the world, which included allowance businesses in Latin America, Asia, Canada, Australia and New Zealand and the ING Absolute assemblage in the US, Canada and the UK. This included the auction of the ING Absolute US operations to Basic One and the ING Absolute UK operations to Barclays coffer in 2012. The spun-off allowance businesses in North America were renamed Voya Banking in 2014.

In 1881, the Dutch government created the Rijkspostspaarbank, a postal accumulation arrangement to animate workers to alpha saving. Four decades after they added the Postcheque and Girodienst casework acceptance alive families to accomplish payments via column offices. Separately in 1927, the Dutch government accomplished a re-organisation of Dutch banks which resulted in the conception of the Nederlandsche Middenstands Coffer (NMB). NMB's focus was retail cyberbanking in the Netherlands and abroad.

In 1986, column appointment cyberbanking casework were privatised as Postbank N.V. and three years after it would absorb with NMB coffer to anatomy NMB Postbank Groep.

Zurich Insurance Group

Zurich Allowance Accumulation Ltd. (SIX: ZURN) is a Swiss allowance company, frequently accepted as Zurich, headquartered in Zürich, Switzerland. The aggregation is Switzerland's better insurer. As of 2015, the accumulation was the world's 78th better accessible aggregation according to Forbes' All-around 2000s list, and in 2011 it ranked 94th in Interbrand's top100 brands.

Zurich is a all-around allowance aggregation which is organized into three amount business segments: General Insurance, All-around Life and Farmers. Zurich employs about 60,000 humans confined barter in added than 170 countries and territories about the globe. The aggregation is listed on the SIX Swiss Exchange. As of 2012 its basic position was strong, with shareholders' disinterestedness of $34.494 billion.

History

The aggregation was founded in 1872 as a abyssal reinsurance beneath the name "Versicherungs-Verein" (Insurance Association), a accessory of the Schweiz Abyssal Company. In 2000, afterwards a amount of acquisitions, it was unified to anatomy one captivation aggregation – Zurich Banking Services.

In April 2012, Zurich Banking Casework Ltd afflicted its name to Zurich Allowance Group Ltd. In a account the Group explained the account abaft the name change. "In acceptance of this cardinal focus, the advertence to banking casework in the aggregation name has been replaced by advertence the allowance action of the Group instead and to specify the purpose accordingly.

In December 2015, the group's CEO Martin Senn appear his resignation. Despite years of awful assisting business operations the focus was put on contempo contest which affected Mr. Senn to footfall down. Ad-Interim Chairman Tom de Swaan took over as acting CEO.

On 26 January 2016, it was appear that Zurich had poached Mario Greco, CEO of Generali as its next arch executive, and that he would alpha on 1 May.

Corporate social responsibility

Zurich allowance accumulation is one of the arch companies in the apple which accomplish on a absolutely all-around base with mission to advice its barter by acumen and attention themselves from ambiguous risk. The close has been ranked a part of world’s better accessible aggregation and 94th in Interbrand’s top100 brands, aswell added in the account of top best allowance companies in the apple with $45.4 Billion shareholders equity. Having 60,000 advisers in about 170 countries, the allowance accumulation is accouterment superior casework to its barter with advanced ambit of specialized affairs to firms, individuals, baby business and multi-national companies back 130 years.

In 2009, Zurich was awarded Alms Times Best Insurance Services and was shortlisted afresh in 2010. In 2012 the Zurich Association Trust (UK) won the Cross Sector Affiliation of the Year Award for its affiliation with the analysis alms Addaction.

According to its website, Zurich Association Trust has donated over £60 actor back 1972, with the ambition of acclamation key amusing issues. It has accurate over 600 charities a year, authoritative a assessable appulse on the lives of over 80,000 people. Zurich was one of the aboriginal recipients of the Association Mark from Business in the Association which it has auspiciously retained for three years.

At a accumulation level, the Z Zurich Foundation's mission is to advice individuals and communities accept and administer risk, leveraging Zurich's amount strengths as an insurer. Zurich is accomplishing this aim by alive with abiding affiliation with baddest non-profit organizations such as Practical Action, the Rainforest Alliance, and the International Federation of Red Cross and Red Crescent Societies.

In March 2012, Zurich able its charge to the Z Zurich foundation by authoritative a abundant investment of $100 million.

In 2011, Zurich launched a chargeless online ability – My Association Starter – advised to accomplish accepting complex in association activities added simple.

On 24 October 2002, Zurich North America hosted a commemoration at the 9/11 Tribute Center anniversary the winners of its 2012 K.A.M.P. awards, a affairs created as a active bequest to the four advisers dead on 9/11: John Keohane, Peggy Alario, Kathy Moran and Ludwig Picarro.

In March 2013, Zurich appear its all-around flood animation program, which aims to enhance association flood animation by award avant-garde means to access the appulse of adversity accident abridgement efforts at community, civic and all-around levels. The aboriginal country affairs is demography abode in Mexico and Indonesia. To aerate the association appulse of the program, Zurich has formed a cardinal accord with the International Federation of Red Cross and Red Crescent Societies (IFRC).

Financial performance/information

Zurich Insurance Group Ltd ("Zurich") is listed on the SIX Swiss Exchange beneath the ticker ZURN. As of 1 December 2012 there were 148,300,123 absolutely paid registered shares[6] and 124,847 shareholders.[22] 24.7% of the captivation of the registered shares were clandestine individuals (15.3% of all outstanding shares), 7.2% were foundations and alimony funds (4.5% of all outstanding shares) and 68.1% were added acknowledged entities (42.3% of all outstanding shares).[22]

In its abounding year after-effects for 2012 Zurich appear a net assets afterwards tax (attributable to shareholders) of $3.878 billion, an access of 3% on the antecedent year, and a business operating accumulation of $4.075 billion. A abounding year allotment of CHF 17.00 per allotment was accustomed at the Annual General Meeting.[6] The aggregation has a Solvency 1 arrangement of 278% as of 31 December 2012 and a Swiss Solvency Test arrangement of 178% as of 1 July 2012, far aloft the minimum basic requirements. The backbone of Zurich’s antithesis area is reflected in the letters of the ratings agencies. As of 31 December 2012, Zurich was rated as ‘AA-/stable’ by Standard & Poor's, ‘Aa3/stable’ by Moody's, and A+/stable’ by A.M. Best.[6] All abstracts beneath are for the year concluded 31 December and are in USD millions unless declared otherwise.