Zurich predicts £194m storm losses
Insurer predicts losses in general insurance following UK storms and estimates $100m GI operating loss.
Zurich has predicted UK storm-related losses of $275m (£194m) for its general insurance business for the fourth quarter of 2015.
In addition the provider said it would likely see an operating loss of $100m across its general insurance operations for the quarter.
However, the insurer insisted that the "Group's capital position remains very strong across all key metrics".
Uncertain
Zurich commented: "While these amounts represent Zurich's current best estimate of the cost for the above events, the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk