Zurich Insurance Services
||This article appears to be written like an advertisement. (December 2007)|
|Headquarters||Jacksonville, Florida, United States|
|Key people||Tom Petway, Chairman
Thomas Petway, President
Steve Peeters, COO
|Revenue||$25.1 million (2007)|
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 small business customers with service delivery, builders risk program management, marketing support and other administrative services and works closely with Zurich Financial Services (ZFS), one of the nation's leading commercial insurers. The mid-size business employs over 400 employees and had sales of $25.1 million in 2007.
Specializing in long-term, cost efficient solutions that support ZFS's strategic plans, 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 one and done service including underwriting, telephone support, 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 service and branded solutions that include a multitude of marketing and administrative services to Zurich in North America, Through this unique arrangement, independent agents across the country 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.
Thomas Petway IV, son of the founder and chairman of Zurich Insurance Services, took over as company CEO on June 1, 2005, after being groomed for the position for several years. Steven Peeters was named President in 2006.
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, including birds, reptiles and mammals, in the new exhibit. The Petways also gave a $1 million gift to the faith-based organization FreshMinistries, a Jacksonville-based group that works to eradicate poverty, improve race relations and build stronger communities. The family personally worked with the organization for more than five years and that they respect the work it does. Mrs. Petway has been on the organization's board since 2001.
- Florida Times-Union: November 23, 2000-Zurich Insurance Services Inc. looks to double space in Southside by Karen Brune Mathis
- Hoovers Business Intelligence: Company profiles-Zurich Insurance Services
- Florida Times-Union: October 16, 2003-Zoo's jaguar exhibit gets $1 million gift from Petways
- Florida Times-Union: December 23, 2003-Petways give $1 million to ministry by Cynthia L. Garza
Company Web Sites
- Columbia Encyclopedia: The History of Insurance
- Congressional Research Service (CRS) Reports regarding the U.S. Insurance industry