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Non-life improvement boosts Zurich Q1

May 10, 2012

SWITZERLAND’S Zurich Insurance Group has reported net income of $1.14bn for the first quarter, up from $640m in the same period last year, boosted by a strong improvement in non-life, where the business operating profit rose to $856m from $280m and the combined ratio dropped from 103.6% to 94.6%. Gross written premiums rose by $370m to $10.5bn. Zurich said that “average rate increases of more than 3% were achieved yet...

IAG mulls sale of UK operations as it launches strategic reveiw

May 17, 2012

Insurance Australia Group (IAG) has embarked on a strategic review of its Lloyd’s operation Equity...

Catlin Art Prize reveals winner

May 17, 2012

Julia Vogl’s sculpture Let’s Hang Out has been named the winner of the sixth annual...

Amlin hopes for ACI growth after completing revamp

May 17, 2012

Amlin’s reshaping of its troubled corporate insurance division appears to be complete, an interim management...

Maaf outperforms French market in 2011

May 16, 2012

French mutual insurer Maaf outperformed the market in life insurance in 2011, but lost some...

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