Zurich UK flood losses at £128m
Zurich Financial Services Group has today estimated aggregate claims payments related to floods that occurred in the UK in July 2007 will not exceed $260m (£128m) before tax. This estimate is net of reinsurance.
In a statement today, the insurer said:
"The period of extreme weather in Southern England was from July 20 to July 23, 2007. Charges will be recorded in the nine months results 2007, which are due to
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