Zurich 'disappointed' with $550m adjustments to German GI
Zurich Insurance Group will strengthen its claims provisions, primarily in long-tail liability lines, and write-off a portion of its deferred acquisition costs, following a review of the firm’s German general insurance business, including a claims file review.
The Swiss insurer said that financial adjustments of approximately $550m (before tax) will be included in Zurich's business operating profit for the nine months ended 30 September 2012.
The estimated
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