Reserve releases and low cat losses aid 30% rise in Zurich UK GI profits
Zurich’s UK general insurance CEO Vibhu Sharma has described a 30% rise in business operating profit as “the obvious highlight” in his firm’s opening quarter results for 2015.
The insurer's UK GI business chalked up a BOP of £47m in Q1 2015 (Q1 2014: £36m).
The profitable increase was delivered alongside an improved combined operating ratio of 93.5% (Q1 2014: 97.1%).
Gross
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