Добавил:
Upload Опубликованный материал нарушает ваши авторские права? Сообщите нам.
Вуз: Предмет: Файл:
Шургина,Мушинская Методичка 4 курс финансы 111.doc
Скачиваний:
72
Добавлен:
03.09.2019
Размер:
1.21 Mб
Скачать

Text 2. Zurich Municipal

Zurich Municipal is a part of the Zurich Financial Services Group. Zurich Municipal is a strategic business unit dealing solely with the public sector, e.g. local government, national health trusts, etc.

The company began its history when Zurich Insurance Company was founded 125 years ago in Zurich, Switzerland under the name of Versicherungs-Verein, or Insurance Association.

They started business in May 1873, initially providing re­insurance - that is where they provide insurance cover to other insurance companies so that the risk is distributed throughout the market. They quickly entered into the field of accident insurances and obtained licences to conduct business in other European countries in 1875.

In 1922 the Zurich Insurance Company opened for business in the UK, with London-based headquarters. After many years of increased growth, in 1993 they took over the business of Municipal Mutual Insurance, who were the previous market leaders in providing insurance to the public sector.

In September 1998 the Zurich Insurance Company merged with British American Financial Services that is the financial services operation of British American Tobacco Industries, thus forming Zurich Financial Services Group.

The group now has over 68 000 employees and over 30 million customers in over 50 countries. It is one of the ten largest companies world-wide, offering insurance and asset management.

  1. Learn the new words to the text:

    municipal

    муніципальний, міський

    financial

    фінансовий

    strategic

    стратегічно важливий

    to deal with

    мати справу з

    solely

    єдино, тільки, виключно

    public sector

    державний сектор; бюджетна сфера

    local government

    місцева влада

    national health

    громадська охорона здоров ‘я

    insurance

    страхування

    re­insurance

    перестрахування, вторинне страхування

    to provide

    постачати

    to distribute

    розподіляти, роздавати

    obtain

    одержувати, діставати, здобувати

    licence

    ліцензія, свідоцтво, патент, дозвіл

    to conduct

    вести, супроводити

    to take over

    приймати від когось (посаду тощо)

    merge

    зливати(ся), поглинати

    asset management

    управління активами

  2. Answer the questions:

  1. What is Zurich Municipal?

  2. When did the company begin its history?

  3. How did they start their business in 1873?

  4. When did they obtain licences to conduct business in European countries?

  5. What did they reach till 1993?

  6. When did the Zurich Insurance Company merge with British American Financial Services?

  1. What do these numbers from the text refer to?

1875_____________________________________________________________

30_______________________________________________________________

1922_____________________________________________________________

1993_____________________________________________________________

125______________________________________________________________

1998_____________________________________________________________

68 000____________________________________________________________

  1. Complete these sentences:

1. Zurich Municipal __________ its history 125 years ago in Zurich.

2. They __________ business in May 1873, initially providing re­insurance.

3. They quickly _________ into the field of accident insurances.

4. In 1993 they __________ the business of Municipal Mutual Insurance.

5. The group _________ over 68,000 employees and over 30 million customers in over 50 countries.

  1. Translate the following sentences into English:

  1. Компанія почала свою історію 125 років тому, коли була заснована страхова компанія Цюріха.

  2. Спочатку компанія займалася тільки вторинним страхуванням, таким чином, об'єм страхової відповідальності розподілявся між різними компаніями.

  3. У 1922 році страхова компанія Цюріха відкрила бізнес у Великобританії, з штаб квартирою в Лондоні.

  4. На сьогоднішній день в компанії працює більше 68 000 співробітників, які обслуговують більше 30 мільйонів клієнтів в більш, ніж 50 країнах.

  1. Make your own presentation of any company’s history. Give the information about the date of its foundation, names of the founders, interesting and important dates in the development of the company.