Zurich UK GI operating profit slides 46%
Zurich has blamed a major increase in large commercial losses and pension charges on a 46% slump in business operating profit to £85.3m in its UK general insurance operation in 2012.
Gross written premiums and policy fees fell 2% year-on-year to £1.68bn, which the firm said reflected the challenges faced by the personal lines market.
Attritional loss ratio improves further
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