Zurich UK GI faces ‘a struggle ahead’ as H1 profit falls by 50%
Business operating profit for Zurich’s UK general insurance business halved to £50m in the first six months of 2015 (H1 2014: £100m) as the insurer suffered a higher than average number of large losses, only partially offset by benign weather.
Gross written premium was also down by £18m to £823m - from £841m 12 months ago - which the group blamed on "persistent market challenges across all our UK businesses".
Large losses, including an
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