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Zurich Insurance Ireland expands into Belgium and Italy

Switzerland-based financial services group Zurich has revealed that Dublin-based member group Zurich Insurance Ireland Limited, an EU-wide risk carrier for Zurich's general insurance business, has opened branches in Italy and Belgium.

<p>According to the company, Zurich Insurance Ireland Limited&#0039;s (ZIIL) expanding operating structure is in line with Zurich&#0039;s strategy of creating a more efficient organization through a centrally coordinated capital management approach. <br /><br />Zurich went on to say that, under the EU non-life insurance directives, which enable the freedom to provide services, ZIIL would be instrumental in driving bottom line profitability for Zurich&#0039;s corporate business.<br /><br />The expansion of our ZIIL branch network reflects Zurich&#0039;s commitment to further grow our European corporate business and enhance our general insurance products and services offering to the corporate market, commented Geoff Riddell, CEO global corporate. ZIIL allows us to make more efficient use of our capital and to even better serve our European customers in a changing risk environment.<br /><br />ZIIL is already represented in Finland, France, Sweden and the UK, and Zurich has said that, through an expanding branch network, ZIIL will continue to offer increased potential for substantial organic growth.</p>