Zurich

126 Hagley Rd Birmingham, West Midlands, B16 9PF +44 121 456 1999
+44 121 456 1999
http://www.zurich.co.uk/broker
  • About Zurich

    Zurich is a leading multi-line insurance provider with a global network that spans more than 170 countries. Working closely with customers and brokers alike, Zurich is proud to offer a spectrum of life insurance and services and general insurance to personal lines, SME, mid-market and global corporate customers.  When it comes to brokers, Zurich is not only focused on offering the best products but practical expertise, tools and knowledge that they can pass on to their clients too. Our key online resource and newsletter Insider allows UK brokers to enjoy free access to the latest expertise, thoughts and opinions on the insurance industry.

    Simply register online to start getting the latest industry insights from Zurich’s Insider newsletter and information hub> www.insider.zurich.co.uk

    For more information on Zurich’s products and services please visit www.zurich.co.uk/broker

Zurich reports strong performance for first half of 2018

Zurich Insurance 2018 Interim Statement

Zurich’s half year results 2018 at a glance:

  • Business operating profit (BOP) up 12% to USD 2.4 billion and first half net income after tax attributable to shareholders up 19% to USD 1.8 billion
  • Well positioned to deliver on 2017 to 2019 financial targets with approximately USD 900 million in cost savings achieved, a BOPAT ROE of 12.3%, an estimated Zurich Economic Capital Model (Z-ECM) ratio of 134%1 and cash remittance levels on track to achieve in excess of USD 9.5 billion target
  • Property & Casualty (P&C) combined ratio improved by two percentage points to 97.5% with improved current accident year loss ratio and lower administration expenses
  • Strong Life performance with BOP up 17% from portfolio growth, reduced costs and favorable foreign exchange developments; like-for-like growth in APE of 11%, with one percentage point expansion in new business margin to 26.4%
  • Farmers Exchanges2 achieved a 6.6 percentage point combined ratio improvement while growing its continuing operations gross written premiums by 4.7%

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As part of their enhanced SME insurance proposition, Zurich’s ZTrade online offering has been refreshed, making it easier and quicker to write more SME business.... click here for more