Zurich voted ‘Best Trade Credit and Political Risk Underwriter’ by readers of Trade & Forfaiting Review magazine
Schaumburg, Ill., August 4, 2009 – Zurich’s Surety, Credit and Political Risk group has been voted a “Gold Award for Best Trade Credit and Political Risk Underwriter“ for 2009 by the readers of Trade & Forfaiting Review (TFR) magazine. A leading underwriter of political risk and trade credit insurance, the group was honored as “Best Insurance Provider” in prior years by the magazine’s poll. For 2009, the publication divided insurance awards into the categories of “underwriter” and “broker” and Zurich won top honors in its category. The Surety, Credit and Political Risk unit, based in Washington, D.C., develops coverages for customers investing and trading in more than 150 emerging markets around the world.
Each year, TFR (an Ark Group publication) conducts a readers’ poll that recognizes leading providers and arrangers of trade finance products and services. “This award is decided solely by readers of Trade & Forfaiting Review,” said Graeme Burton, editor of TFR. “Zurich’s performance in the poll is an indication of the company’s strong presence in the political risk and trade credit arena.” The awards are based entirely on the votes of readers and professionals in trade finance.
In acknowledging the award, Daniel Riordan, president of Zurich’s Surety, Credit and Political Risk group, said, “It is very gratifying to be recognized as ‘Best Trade Credit and Political Risk Underwriter’ by the professionals in the field we serve. Our team has built a reputation for professionalism, responsiveness and knowledge of the complexities and unique needs of this market. They are the ones who have earned this honor.”
Zurich Surety, Credit & Political Risk is a leading provider of contract and commercial surety, trade credit and political risk insurance products worldwide. Surety, Credit & Political Risk serves customers through underwriting offices located in 35 cities throughout North America, as well as Barcelona, Beijing, Frankfurt, Hong Kong, London, Paris, Sao Paulo, Singapore, Sydney, Tokyo and Zurich.
Zurich provides surety bonds, political risk and trade credit insurance for financial institutions, multinational corporations, investors, exporters, contractors and infrastructure developers in North America and emerging markets.
Zurich is a member of the Berne Union, an international union of credit and investment insurers, as well as ICISA, an international association of trade credit insurers and surety bond providers.
About Zurich
Zurich’s North America Commercial and Global Corporate in North America business divisions are part of Zurich Financial Services Group (Zurich), an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries. In North America, Zurich (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, specialties and programs sectors.
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Insurance coverages underwritten by individual member companies of Zurich in North America, including Zurich American Insurance Company. Certain coverages not available in all states. Some coverages may be written on a nonadmitted basis through licensed surplus lines brokers. For information about the ratings of Zurich American Insurance Company, access the ratings section on www.zurichna.com. For more complete financial information about the Zurich Financial Services Group and ratings for Zurich Insurance Company, access www.zurich.com.
Media contact:
Steve McKay
Zurich
(847) 706-2265
steven.mckay@zurichna.com