Employees at Zurich International Life recently celebrated the company reaching the significant milestone of USD 10 billion Assets Under Management (AUM) with a reception led by the company’s CEO, Clive Baker.

More than 220 employees joined in the celebration at the insurance company’s base on Athol Street in Douglas and enjoyed taking a look back at how the milestone has been reached.

Established 33 years ago, Zurich International Life achieved USD 3 billion AUM in 2002, reaching USD 5 billion AUM in 2007. Seven years later and the company has reached USD10 billion AUM, with further growth plans in place for the future.

Clive Baker commented: “Reaching this milestone is a fantastic achievement for our employees, and is testament to their continued hard work in staying ahead of the market and providing solutions which meet the challenging demands of our Customers and Distributors worldwide. Our Retail business in the Middle East continues to perform well and we are also seeing significant growth from the International Corporate Savings market. I am looking forward to seeing how long it takes us to reach our next major milestone!”

Photo - Clive Baker, CEO of Zurich International Life (left), and David Peach, Chief Financial Officer (right), celebrate the company achieving USD10 billion Assets Under Management (AUM) with employees.