The Brazilian arm of Zurich Insurance has just announced the purchase of two insurance companies in the South American country.
The deal, which is worth around GBP120 million, gives Zurich Insurance and 87 percent stake in one company and a 100 percent stake in another. Zurich will make an initial payment of GBP89 million for the two businesses, plus a GBP15 million bancassurance agreement and the potential for a further GBP15 million paid out if performance figures are achieved.
Bancassurance will enable the newly acquired businesses to sell their Zurich Insurance products through local bank branches, a significant opportunity and well worth the amount paid.
A study carried out by Zurich Insurance has found that the people of Britain are keen volunteers and are set to be even more so in the coming year.
The study showed how around 35 percent of British adults are actively involved in voluntary projects. Overall these people spend over 52 million hours each week providing their services as unpaid volunteers. The Zurich Insurance survey also showed that, in the next 12 months the number of volunteers will rise to over 50 percent.
A Zurich Insurance commentator was delighted to see such strength of support for worthy causes across the country but added that this situation should be managed correctly by the organisers. Key factors to consider are effective training for volunteers and ensuring adequate insurance cover is in place, both for the volunteer and public liability.
Find out more about Zurich Insurance at Moneygossip.co.uk.
The view of AA Insurance is that the simple step of taking a motorbike awareness course can help cut motorcycle insurance premiums as well as making them safer road users.
A spokesman from AA Insurance pointed out that motorbikes are a more risky form of transport than any other, primarily because of the chances of the rider being injured when involved in any sort of accident. He added that, if bikers take the correct precautions then they can greatly reduce the chances of being involved in an accident.
On the subject of the motorcycle awareness course the AA Insurance representative went on to say that having an awareness and a sense of caution when on a bike is a good thing. It helps riders focus on issues that may arise and can help avoid accidents that would otherwise happen.
