Zurich Financial Services Australia has confirmed it will relocate its Perth operations to 140 St Georges Terrace, taking over naming rights to the commercial tower from November 2025.
The move marks a shift in Zurich’s Western Australian strategy, bringing staff and resources into a central CBD location.
The office tower, a 30-storey structure managed by Centuria Capital Group, will display Zurich’s brand signage for the first time in its five-decade history.
Zurich has committed to a seven-year lease for 700 square metres on the 14th floor.
Zurich CEO Justin Delaney said the relocation reflects the company’s broader commitment to the state.
“We are incredibly proud to see the Zurich brand become part of the Perth skyline, marking a significant milestone for our business in Western Australia,” he said. “Our new presence at 140 St Georges Terrace reflects our long-term commitment to the state and our local customers, partners, and people. We look forward to our relocation to the CBD and being a part of the city’s vibrant business community.”
140 St Georges Terrace was originally constructed in 1975 and has remained a key part of Perth’s commercial skyline.
The building includes workplace amenities such as meeting spaces, bicycle storage, showers, and concierge support. It also offers fitness and wellness programs as part of its tenant services package.
Centuria’s WA general manager, Nick Hunt, noted the insurer’s existing tenancy in another Centuria-managed building in Adelaide.
“Zurich and Centuria have enjoyed a long-term relationship with the global insurer also being a tenant customer at our purpose-built boutique office complex in Wyatt Street, Adelaide. We warmly welcome Zurich to its new Perth home and look forward to growing our relationship further,” he said.
The move follows Zurich Insurance Group’s recent Q1 2025 financial disclosures.
The group reported a 5% increase in gross written premiums in its global property and casualty business, supported by 4% average rate growth.
The commercial insurance division recorded a 2% premium increase, attributed to targeted growth in specialty lines and mid-market accounts.
Zurich previously identified these segments as areas of focus during its 2024 Investor Day.
Improved underwriting margins were noted in North America, where portfolio management adjustments contributed to performance.
