Zurich GI profit cut by 25%
Zurich has reported that its general insurance gross written premiums decreased 12% to $9.8bn and a decline in profit of 25% to $889m. Its general insurance combined ratio worsened 1.2 points to 95.8%.
In a statement Zurich said: "General Insurance continued to show resilience across its well-diversified book of business, as a deliberate and prudent approach to rates and expense management
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