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...


