27 March 2013

Zurich to create 112 new jobs in Dublin, Ireland

Dublin - 26 March 2013 – Zurich Insurance Group is to establish two IT hubs in Dublin with the creation of 112 new jobs. The hubs will provide services to the Zurich businesses globally and in Europe. One hub will support Zurich’s IT service management and the other will support Cyber Security Management. The investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.

Making the announcement, Taoiseach Enda Kenny said, "The further expansion of Zurich with the creation of 112 new high quality jobs is excellent news for Dublin and Ireland. The Government's Action Plan for Jobs has a specific focus on financial services and the digital industry. The new investment by Zurich in two new IT Hubs demonstrates the value of keeping Ireland at the cutting edge of the expanding digital industry and maintaining our strong financial services industry. The Government is delighted to support a global company like Zurich as it builds on its established European HQ in Dublin. Ireland remains a stable and attractive location for inward investment as we work to improve our competitiveness even further."

Commenting on the announcement, Patrick Manley, CEO of Zurich’s General Insurance segment in Europe said, “Robust IT systems are critical to facilitating fast business decisions and speedy customer delivery. By establishing these hubs we at Zurich can significantly upgrade our IT capabilities and deliver ‘round the clock security monitoring of our IT assets globally. We highly appreciate the support that we receive from IDA Ireland for this project.’’ 

Minister for Jobs, Enterprise and Innovation Richard Bruton TD said: “ICT and financial services are two crucial sectors – often overlapping – which we have targeted for employment growth as part of the Government’s Action Plan for Jobs. One key feature of our approach has been to target sub-sectors such as ICT security where we have particular strengths. ICT alone has created more than 11,000 additional jobs since we have taken office, and I am determined to ensure that we build on this to achieve the level of employment growth we need. Today’s announcement that Zurich, a world-leading financial services company, is locating further facilities in Dublin is great news for the city and for the employment in the ICT sector”. 

Barry O’Leary, CEO of IDA Ireland said, ‘Zurich currently employs over 1,000 people in Ireland with the company’s European headquarters for general insurance located in Dublin along with its general insurance and life divisions servicing Irish and cross border markets. Ireland was chosen for this innovative investment due to the success of Zurich’s existing operations here and for our IT and cyber security talent, skills and research capability including the Cybersecurity and Cybercrime Investigation Centre at University College Dublin.’ 

Source: IDA Ireland