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Zurich Insurance Group Ltd. is a Swiss insurance company, headquartered in Zürich, and the country's largest insurer. [2] As of 2021, the group is the world's 112th largest public company according to Forbes ' Global 2000s list, [3] and in 2011, it ranked 94th in Interbrand's top 100 brands.
Takaful (Arabic: التكافل, sometimes translated as "solidarity" or mutual guarantee) [1] is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia-compliant alternative to conventional insurance, which contains riba (usury) and gharar (excessive uncertainty).
The following other wikis use this file: Usage on ar.wikipedia.org مجموعة زيورخ للتأمين; Usage on ca.wikipedia.org Zurich Insurance Group
Media in category "Zurich Insurance Group" The following 2 files are in this category, out of 2 total. A. File:Allieddunbarlogo.png; E. File:Eaglestar.png
FWD Group also purchased HSBC’s stake in a Malaysian insurance joint venture in 2018, [19] acquiring 49% of HSBC Amanah Takaful (Malaysia), [16] now renamed FWD Takaful (Malaysia). [21] In June 2019, FWD Group purchased MetLife's business in Hong Kong [7] [14] reportedly for around $400 million. [10]
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The largest players in this industry are AIG, XL, Ace and Zurich. [2] One of the purposes for such insurance policies is so that when companies that cause environmental disasters go bankrupt, the victims can still be compensated. [3] The insurance may also protect against cost overruns or regulatory changes that increase the cost of cleanup. [4]
The group was acquired by Zurich Insurance Group in April 2017. [1] The group also has leading market positions in Ireland, Latin America, New Zealand and the USA where Cover-More owns Travelex Insurance Services. The global group has more than 17 million customers and employs more than 1500 people.