Zurich UK returns to profit for 2018

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Zurich UK has posted improved results for the full year 2018.

The insurer stated that business operating profit in the general insurance space 2018 reached £137m, up from £50m the previous year.

The COR, which deteriorated to 102.5% in 2017 also recovered to 94.9%.

However, taking into account the Ogden rate, the 2017 figures actually showed a loss of £151m and a soaring COR of 110.9%.

Transformation
Zurich’s UK CEO, Tulsi Naidu, commented: “Zurich has delivered a strong result in the UK and

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