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Zurich Holding Company Of America Acquires Cyber Counterintelligence Firm Speartip

Aug 14, 2023over 2 years ago

Acquiring Company

Zurich North America

Acquired Company

SpearTip

SchaumburgInsurance

Description

Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, has acquired SpearTip, a cyber counterintelligence firm that helps protect clients against cyber threats through proactive and response services. This acquisition expands the cyber risk mitigation services available from Zurich Resilience Solutions, a global division of Zurich's Commercial Insurance Business, to support customers' growing needs for comprehensive cyber risk management support amidst a challenging risk landscape.

Company Information

Company

Zurich North America

Location

Schaumburg, Illinois, United States

About

Zurich North America is one of the largest providers of insurance solutions and services to businesses and individuals. Our customers represent industries ranging from agriculture to technology. Zurich North America is part of Zurich Insurance Group (Zurich), a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience. Reflecting its purpose to "create a brighter future together," Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and has the highest-possible ESG rating from MSCI. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil. The Group has about 60,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at http://www.zurich.com/ and http://www.zurichna.com/. In the United States, Zurich Resilience Solutions' services are provided by SpearTip, LLC and The Zurich Services Corporation. For more information about the products and services Zurich Resilience Solutions offers in the United States, go to www.zurichna.com/risk. Visit us on social media: LinkedIn and Twitter SOURCE Zurich North America

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M&A Insights

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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