Zurich Insurance Posts 7 Percent Rise in Premiums
Zurich Insurance reported a 7 percent increase in property and casualty gross written premiums for the first nine months. The insurer also exceeded analyst expectations with a Swiss solvency test of 271 percent.
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ZURICH INSURANCE GROUP AG posted a 7% rise in property and casualty gross written premiums to $42.1B during the first nine months of the year, driven by higher retail rates. The Switzerland-based insurer's solvency test reached 271%, outperforming expectations by two percentage points. The results validate management's growth strategy as the firm integrates its recent UK acquisition.
