Hurricanes put Zurich's P&C segment in the red
Nat cats pushed Zurich’s property & casualty segment into the red last year, as hurricanes Harvey Irma and Maria saw the insurer report a 100.9% combined operating ratio for P&C.
The hurricanes had a combined impact on P&C of $700m (£505.3m) after reinsurance but before tax. Adjusting for these, the combined ratio was stable at 98.2%.
Group CEO Mario Greco said: “In a year of
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