Zurich UK reports strong profits and reduced costs
Zurich's UK general insurance business has reported an operating profit of $495m (£282.5m) for 2005....
Zurich's UK general insurance business has reported an operating profit of $495m (£282.5m) for 2005. It made a gross written premium of $3.97bn and achieved a combined ratio of 96.1%. Zurich also reduced expenses by $20m over 2004 figures. Ian Stuart, chief executive officer of Zurich UK General Insurance, said: "The convergence of Zurich Commercial and Municipal and the transformation of a number of our key functions such as claims has enabled us to leverage best practice across our
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