The Thai Zurich Insurance Company’s name will change to reflect the change in ownership. Terms and conditions of the transaction have not been disclosed.
Zurich’s global corporate customers (International Program Business) will continue to be serviced locally by Thai Zurich Insurance Company under the new ownership.
Thai Zurich Insurance Company recorded approximately $42 million of premiums written for the year ended December 31, 2003 on a local statutory reporting basis.
Zurich Financial Services is an insurance-based financial services provider with a global network that focuses its activities on its key markets in North America and Europe. Zurich has offices in more than 50 countries and employs about 62,000 people.
