Zurich Financial Services intends to merge Zurich Insurance Company and Alpina Insurance Company Ltd.
Zurich, November 17, 2003 – Zurich Financial Services Group is currently reviewing the strategy of its subsidiaries in Switzerland and it intends to merge Alpina Insurance Company Ltd. with Zurich Insurance Company. This step would be in line with the Group’s strategy to operate in all markets with a profitable and efficient organization. A final decision shall be taken by the end of the year. Both companies are wholly owned by Zurich Financial Services Group.
Alpina is an all-lines insurer that offers overall advice and solutions for individuals and companies. In addition, it is specialized in worldwide transport insurance. Represented in approximately 80 locations in all language regions in Switzerland as well as in Belgium, Israel, Lebanon, Liechtenstein and the Netherlands, Alpina employs about 820 people.
