© Reuters. FILE PHOTO: The Zurich insurance logo is visible in an office building in Zurich, Switzerland, 9 August 2018. REUTERS / Arnd Wiegmann
ZURICH (Reuters) – Zurich Insurance Group (OTC 🙂 expressed confidence in achieving its 2022 targets on Thursday, as it reported that property and non-life (Non-Life) premiums were up 11% on a like-for-like basis in the first nine months.
“Non-life gross written premiums continue to benefit from the improving pricing environment. Recent claims are likely to extend the difficult market, with the gap between rate hikes and cost-of-loss inflation likely to persist longer than previously predicted. “Chief Financial Officer said George Quinn.
“Technical profitability is expected to continue to improve despite catastrophe losses that are 3 to 4 percentage points above the long-term average.”
Fusion Media or anyone involved in Fusion Media will accept no liability for any loss or damage resulting from reliance on the information including data, quotes, charts and buy / sell signals contained on this website. Please be fully informed of the risks and costs associated with trading on the financial markets, it is one of the riskiest forms of investing possible.