Zurich launches integrated insurance solution for commercial real estate
Toronto, ON - October 3, 2011 – Real Estate investors and property managers are faced with the responsibility of coping with increasingly complex risks to protect resources from accidental loss and managing uncertainty.
Zurich, a leading property and casualty insurance provider in Canada and globally, today launched the Real Estate Advantage that focuses on the risk management needs of commercial real estate owners and managers in Canada.
“By offering insurance protection customized for the real estate sector covering property, casualty and specialty risks we aim to greatly reduce the risk of coverage gaps or the expense of overlapping coverages,” said Randy MacFarlane, head of Real Estate, Zurich Canada.
The Zurich Real Estate solution includes more than 35 additional property coverages; builder's risk coverage; and Z-Choice™, a customizable environmental liability insurance product.
The Real Estate Advantage provides a bundled product that benefits customers by offering a simplified program designed to meet the needs of a real estate owner. Zurich has significant capacity to write full real estate portfolios and the underwriting, risk services and claims expertise to foresee the risks faced by office, retail, industrial and multi-residential property owners and investors.
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About Zurich, Canada
Zurich, Canada is a part of Zurich Financial Services Group, 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 Zurich Group is headquartered in Zurich, Switzerland and employs approximately 60,000 people serving customers in more than 170 countries, including more than 9,500 employees in North America. Zurich Canada is focused on developing solutions for: large Canadian corporations; Canadian-based multinationals; customers in real estate, construction, transportation, manufacturing and environmental industries; and groups and associations in niche markets.
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