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This step signals Zurich's commitment to this operation and to the South African market, the group said in a statement.
"The in-depth understanding of the local insurance sector that our team in South Africa has, combined with the Group's global risk management capabilities and the access to our global platforms, positions them well to achieve further growth in this important market," said John Amore, Zurich's global CEO General Insurance and member of the group executive committee.
Nick Beyers CEO of Zurich in South Africa (formerly SA Eagle) said that this is much more significant than a simple name change.
"While the existing trusted relationships with our customers and partners will remain, this move demonstrates that we are part of a global group, with the experience of 135 years serving customers across the world.
"I firmly believe that our position in the local market can only benefit from the stature and reputation of a truly global brand such as Zurich, and our brokers, customers and employees will value the sense of security and stability that this brings," he noted.
The shares of Zurich Insurance Company South Africa will trade as of today under the Share code ZAE on the JSE.
-I-Net Bridge
