Zurich blames UK floods for 2.5% hit on loss ratio as it posts 2007 results
Zurich has reported net income of US$5.6bn (£2.8bn), an increase of 22%3. Its general insurance business saw gross written premiums and policy fees of US$35.7bn, an increase of 4% or up slightly in local currencies, and a combined ratio of 95.6%, an increase of 1.7 percentage points
In a statement Zurich continued: "While overcoming extreme weather in Europe, General Insurance leveraged selective growth and continued application of 'The Zurich Way' to increase its business
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