Zurich pledges to beat the market by up to 4% on COR
Zurich will today outline plans to improve its general insurance combined ratio by three to four percentage points relative to global competitors by 2013 while contributing to group business operating profit after tax return on equity target: > 16%.
At an investor's day meeting it will also pledge to reduce GI expenses (excluding commissions) by 7% or $350m on a run-rate basis by 2013 (included in the $500m group target) and "hold market position
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