Zurich results reveal high combined ratio
Zurich UK has announced an operating profit of £91m and gross written premium (GWP) of £2,060m in its 2007 results.
However, these results coincided with the news that the combined ratio had risen to 104.8%.
Guy Munnoch, CEO of Zurich UK, said: “Clearly 2007 was a challenging year, not only for Zurich, but for the UK insurance industry as a whole, however our strong GWP result reflects our commitment to deliver sustainable profitable growth.
“We remain focussed on financial discipline and pricing integrity and we will grow our business by developing propositions that meet the needs of customers and
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