Zurich Insurance Services
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|Headquarters||Jacksonville, Florida, United States|
|Tom Petway, Chairman
Thomas Petway, President
Steve Peeters, COO
|Revenue||$25.1 million (2007)|
Number of employees
Zurich Insurance Services, Inc. (ZIS) is a privately held corporation in Jacksonville, Florida that was founded by Tom Petway in 1977 as Home Builders Insurance Program, then was named, Construction Insurance Services.
The company provides insurance services to small business customers, working with Zurich Financial Services (ZFS), a commercial insurer. The mid-size business employs over 400 employees and had sales of $25.1 million in 2007.
Thomas Petway IV, son of the founder and chairman of Zurich Insurance Services, took over as company CEO on June 1, 2005. Steven Peeters was named President in 2006.
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ZIS provides services directly to three business units and six member companies of Zurich Financial Services. As part of these agreements, more than 11,000 distributors in the United States receive service including underwriting, telephone and Internet technical assistance, policy issuance and billing service, and cooperative advertising. In addition, ZIS provides producer contracting and licensing services for all Zurich in North America business units and their distributors and customer support for all business units utilizing the direct bill system.
ZIS provides services including marketing and administrative services to Zurich in North America, Through this arrangement, independent agents receive telephone and technology support, billing services, and sales and marketing support. ZIS operates a brokerage, Zurich Insurance Brokerage Services, Inc., and agency, InsuranceLink, allowing non-Zurich appointed agents and insureds access to Zurich's products, including the Builders Risk Plan. ZIS also serves as a program administrator for Zurich's Builders Risk Plan, a course of construction policy for residential and commercial builders and remodelers.
In 2003 the Petways donated $1 million to the Jacksonville Zoo's Range of the Jaguar exhibit. The source of the gift was both Zurich Insurance Services and the Petway Family Foundation. The money was earmarked for the Emerald Forest, which houses the majority of animals, in the new exhibit.
- Columbia Encyclopedia: The History of Insurance[dead link]
- Congressional Research Service (CRS) Reports regarding the U.S. Insurance industry[dead link]