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July 05, 2015 10:52 PM ET

Insurance

Company Overview of Zurich American Insurance Company

Company Overview

Zurich American Insurance Company is a commercial liability, property, and casualty insurance provider. Its solutions cover absence health, accident and health, benefits, builders risk, captives, commercial automotive, credit and political risk, crime, directors and officers, employment practices liability, and environmental. The company’s solutions also cover excess umbrella, fiduciary liability, fleet intelligence, general liability, international, professional liability, property, security and privacy, surety, workers' compensation, casualty, energy, equipment breakdown, equipment breakdown reinsurance, integrated programs, marine, private equity, life, and disability. In addition, it pro...

1400 American Lane

Tower 2

Floor 5

Schaumburg, IL 60196

United States

Founded in 1912

Phone:

800-382-2150

Fax:

877-962-2567

Key Executives for Zurich American Insurance Company

Chief Financial Officer
Regional Chairman of Zurich North America and Chief Executive Officer of Zurich North America Commercial
Age: 53
Chief Executive Officer of General Insurance
Age: 50
Chief Executive Officer of Zurich Global Corporate for North America
Chief Executive Officer of Zurich Insurance Group
Age: 58
Compensation as of Fiscal Year 2015.

Zurich American Insurance Company Key Developments

Zurich American Insurance Co. and American Guarantee and Liability Insurance Co. Announces lawsuit Update

Zurich American Insurance Co. and American Guarantee and Liability Insurance Co. are the defendants in a lawsuit alleging the insurers failed to cover a hotel operator sued in an underlying invasion of privacy class action. Zurich American issued a commercial general liability policy to InterContinental Hotel Group Resources Inc. with a $20 million policy limit. American Guarantee issued an umbrella liability policy to Intercontinental. Intercontinental was named as a defendant in a 2012 class action lawsuit alleging the hotel's call center recorded telephone calls originating from customers in California without the customers' consent in violation of state law. The underlying plaintiffs seek damages for violation of privacy. The complaint alleges the insurers failed to indemnify and defend Intercontinental and asserts claims for breach of contract. The plaintiff also seeks a declaratory judgment that the insurers have a duty to defend and indemnify Intercontinental in the underlying lawsuit.

Zurich North America Appoints Mark Shults as Regional Executive for the South Region in Marketing, Distribution and Regional Management

Zurich North America has appointed Mark Shults as regional executive for the South region in marketing, distribution and regional management. Shults is based in Atlanta. He previously served as the Houston area executive.

Zurich North America to Built New Headquarters Complex in Schaumburg, Ill

Zurich North America has hired Clayco and two other firms to develop and design its new headquarters complex in Schaumburg, Ill. The 735,000-square-foot complex will be built on a 40-acre property located in Cook County.

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