Profits at Zurich's global GI division improved 182% in 2016

mario-greco-zurich

The combined operating ratio improved to 98.4% from 103.6% the previous year when the group faced several serious difficulties across the division including the deadly explosion in Tianjin, China. Zurich said it had a better underwriting result in all regions. Meanwhile, global general insurance premiums fell 3% to $33.1bn from $34bn. Zurich's group CEO Mario Greco, pictured, commented: "We are very pleased with our results for 2016. Both global life and Farmers continued to grow well while