Zurich UK improves COR as business grows
Insurer claims “all key measures” have improved in past 12 months.
Zurich UK has reported a 2% rise in gross written premiums to £841m for the first six months of 2014 (H1 2013: £826m).
In addition to growing the business, the provider also delivered an improved combined operating ratio of 95%, a three point improvement on the result in the same period of last year.
Profit
The insurer's business operating profit was also better at £88m, up 7% on the comparable period of 2013.
Dave Smith, CEO for Zurich's UK general insurance business, commented: "All of our key
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