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Zurich Insurance

Zurich is to relocate its London-based insurance operations from three offices to a 60,000 sq ft unit at 70 Mark Lane.

Zurich Insurance is setting up an 8,000 sq ft office at Six Park Street in Cardiff.

Zurich is to relocate more than 140 London-based staff from Sutton to Croydon later this year.

Zurich Insurance is to relocate 585 jobs from Stanhope Road, Portsmouth, to a new multi-million pound office in Whiteley by the end of the year.

Zurich Insurance is to set up a new 52,000 sq ft office at the Solent Business Park in Fareham.

GE Capital has acquired Eagle Star Re, the reinsurance division, from Zurich Financial Services for undisclosed terms, but ZFS is to retain the remainder of its UK reinsurance business following the collapse of a proposed management buyout.

Zurich Group of Switzerland is planning to acquire BAT Industries' financial services companies, including Eagle Star and Allied Dunbar, which are valued at almost £10bn.

Zurich has acquired Scudder, Stevens & Clark, the US fund management company, in a £1.01bn deal which will reduce its reliance on the cyclical insurance industry.