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Stock impact report

Zurich Insurance to begin share buyback program on Nov. 21 [Reuters]

ZURICH INS GROUP S/ADR (ZURVY) 
NASDAQ:AMEX Investor Relations: zurich.com/en/investor-relations
Company Research Source: Reuters
ZURICH, Nov 18 (Reuters) - Switzerland's Zurich Insurance Group AG (ZURN.S) on Friday said it will launch its previously announced share buyback program on Nov. 21. Europe's fifth-largest insurer said in August it intended to repurchase up to 1.8 billion Swiss francs ($1.89 billion) worth of shares. The amount corresponded to a maximum of 4.15 million shares or a maximum of 2.76% of Zurich's registered share capital. The buyback program, which Zurich Insurance said was for capital reduction purposes, will run until Dec. 29, 2023. ($1 = 0.9521 Swiss francs) Reporting by Noele Illien; Editing by Christopher Cushing Show less Read more
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