Zurich sees 19% drop in GI profits after US$1bn cat losses in 2011
Zurich recorded a general insurance business operating profit of US$2.3bn in 2011, a decrease of US$403m or by 15% in US dollar terms and 19% on a local currency basis.
In Europe Zurich recorded a US$964m BOP (2010: US$774m) and a combined operating profit of 97% (2010: 97.7%).
Zurich said its net underwriting result decreased by US$230m to US$342m, reflecting a
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