Zurich UK GI lags behind group with COR of 101.3% and underwriting loss
Zurich's UK arm has reported a business operating profit of $32m for the first quarter of 2012 (Q1 2011: $40m).
However, the UK business recorded a $8m underwriting loss (Q1 2011: $8m underwriting loss) and a combined operating ratio of 101.3% (Q1 2011: 101.2%) as its expense ratio increased to 31.5% (Q1 2011
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