Zurich reports improved GWP but COR in decline

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This is an increase of 9% on GWP for the same period of 2010, which was $25.53bn.

The general insurance combined operating ratio deteriorated to 98.8% for Q3 2011, compared to 97.7% for Q3 2010.

General business operating profit (BOP) for general insurance fell by 12% from $1.97bn for the nine months ended September 2011 to $1.73bn for the first nine months of 2010. In local currencies this represents a 17% reduction in operating profit.

Zurich said: “The sustained focus on margin enhancements

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