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Zurich Financial Services

Zurich Financial Services has sold Claims Management Group, the provider of outsourced claims management services with 550 staff at 12 international offices, to Sovereign Capital Partners for undisclosed terms.

Zurich Financial Services is planning to sell Threadneedle Asset Management to American Express for £340m, enabling Amex to expand its London-based money management operations.

Zurich Financial Services is said to be planning to set up a new Cardiff headquarters at the Fusion Point development, with the creation of 300 jobs.

Zurich Financial Services is to sell Gresham, its private equity business with 32 staff, to management for undisclosed terms.

Zurich Financial Services is to relocate its specialist life assurance arm from Fareham to Swindon over the next 12 months, with the transfer of up to 200 jobs.

Zurich Financial Services is setting up a new customer service centre for its Strategic Partnerships subsidiary in Leeds, with the creation of 200 jobs.