FOR IMMEDIATE RELEASE
The Redwoods Group Moves from AIG to Zurich
MORRISVILLE, North Carolina (April 08, 2014) – The Redwoods Group, a specialty property and casualty insurance provider and risk consulting firm, and Zurich North America, a leading insurance provider, today announced that Zurich will be the primary insuring carrier for Redwoods beginning August 1, 2014. The new relationship will help The Redwoods Group continue offering a rich array of consulting and risk transfer products and services to youth-serving organizations, including YMCAs, Jewish Community Centers and resident camps.
“Zurich is aligned with our social mission and our underwriting, risk consulting and claims management philosophies. After a deliberate process of reflection about the future, our leadership selected Zurich as the best carrier to help Redwoods scale our mission and fulfill our stakeholder responsibilities,” said Kevin Trapani, President and CEO of The Redwoods Group.
Under the new relationship, Redwoods will perform most traditional insuring functions on Zurich’s behalf, from underwriting and policy issuance to risk consulting and claims handling, in youth-serving markets. Together, the two companies will select reinsurance carriers to safeguard the program’s portability and stability. Zurich will share its regulatory expertise and product development capability, enabling Redwoods to innovate in ways that are consistent with the needs of its customers.
About The Redwoods Group
The Redwoods Group is a social enterprise whose goal is to help prevent child sexual abuse and drownings. To fund its work, it offers insurance and risk consulting services primarily to child-serving organizations such as YMCAs, Jewish Community Centers and resident camps. As a Certified B Corporation, its foremost goal is to improve the human condition, rather than maximize profits. At the heart of Redwoods’ business model is its mission: To Serve Others. Learn more at
About Zurich
Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With more than 55,000 employees, it provides a wide range of general insurance and life insurance products and services. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, 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 about Zurich is available at
In North America, Zurich is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, specialties and programs sectors. Life insurance offered in the United States is issued by Zurich American Life Insurance Company, an Illinois domestic life insurance company. For more information about the products and services it offers and people Zurich employs around the world go to 2012 marked Zurich's 100 year anniversary of insuring America and the success of its customers, shareholders and employees.
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Media Contact:
Dan Moore
VP and Chief Marketing Officer
The Redwoods Group
(919) 462 4703