Eighth consecutive win in Trade Finance magazine’s annual Awards for Excellence
Schaumburg, Ill., June 22, 2009 – Zurich’s Surety, Credit and Political Risk group has been voted “Best Private Insurer” and “Best Trade Insurer in Asia” for 2009 by the readers of Trade Finance magazine. This is the eighth consecutive “Best Private Insurer” win for this leading underwriter of political risk and trade credit insurance, and its first time honored as “Best Trade Insurer in Asia.” The unit, based in Washington, D.C., develops coverages for customers investing and trading in more than 150 emerging markets around the world. Each year, Trade Finance (a Euromoney publication) conducts a readers’ poll that recognizes leading providers and arrangers of trade finance products and services.
“Zurich’s performance in Trade Finance Magazine’s 2009 Awards for Excellence poll demonstrates the high regard in which this organization is held,” said Jonathan Bell, managing editor of Trade Finance. “This award recognizes the positive impact Zurich’s political risk and trade credit insurance products are having on the market and the hard work and positive results that the company has achieved over the course of a difficult year in trade and in finance generally.”
In acknowledging the award, Daniel Riordan, president of Zurich’s Surety, Credit and Political Risk group, said, “It is very gratifying to be recognized both over the long term, with eight consecutive wins as “Best Private Insurer” – and for our more recent initiatives, such as our strategic expansion into Asia. 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 these honors.”
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 Financial Services
Zurich Financial Services Group (Zurich) is 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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Media contact:
Steve McKay
Zurich
(847) 706-2265
steven.mckay@zurichna.com
