Large losses and rising expenses hamper Zurich's first half global results
Zurich blamed a 15% fall in pre-tax global profits to $2.2bn (£1.4bn) in the first half of 2015 on a significantly lower contribution from its GI business.
Zurich's global GI pre-tax profits fell 31% to $1.17bn (H1 2014: $1.68bn) with the combined operating ratio deteriorating to 98.3% from 95.6% in the first half; the COR in Q2 2015 was 100% compared to
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