Zurich has set up a Warsaw-based branch to start writing commercial insurance business in Poland through Zurich Austria.
The new unit aims to serve both domestic and international companies.
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It will provide cover as a primary carrier, co-insurer and reinsurer, and will distribute products through brokers in the Polish market.
Rafał Tokarz will head the Polish branch, having worked in underwriting and corporate insurance for more than three decades.
Tokarz said: “I am excited that Zurich has taken a bold step to enter the Polish market. Zurich is a carrier with genuine commercial insurance expertise, as well as a track record of delivering tailored programme solutions on a global scale.
“Together with our highly qualified and experienced team – including underwriters, risk engineers and claims handlers – we will bring this proficiency and capability to the market.”
In a LinkedIn post, Zurich Insurance Group Commercial Insurance International CEO Luciano Cirinà described Poland as “one of Europe’s most dynamic economies”.
Responsibility for the business sits with Zurich Austria, where Kurt Möller serves as head of Commercial Insurance Austria & CEE.
The launch marks a further step in Zurich’s buildout across central and eastern Europe.
Last month, Zurich Insurance Europe agreed to acquire the non-life portfolio of Generali España De Seguros Y Reaseguros in Ireland, where it trades under the RedClick name.
That transaction has a cash value of €337m ($393.8m), subject to final completion adjustments. Generali Spain will retain an additional €51m of excess capital related to its Irish property and casualty operations.
