Industry warned to act over profit losses.
Patrick O'Sullivan, chief executive of Zurich Financial Services, UK general insurance and banking, ...
Patrick O'Sullivan, chief executive of Zurich Financial Services, UKgeneral insurance and banking, kicked off the Professional Broking
conference with a no-holds-barred speech. He stated: "The insurance
industry can't afford to keep losing the amount of money we currently
do."
Mr O'Sullivan painted a bleak picture, stating insurers' losses are
"totally inadequate". He said: "No shareholder will put money into it.
They are beginning to wake up to the real risks of insurance and
investment returns
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