The insurer’s price hikes helped it to bring in operating profits that were better than expected by mid-year. The Zurich Insurance company recently reported that it has achieved a half-year operating profit that was better than expected, bolstered by its life business and the price increases it implemented to mitigate increased claims from severe storms. Zurich is the fifth-largest insurer in Europe and posted a $3.72 business operating profit. Though there wasn’t much of a difference over last year’s first half, analysts were polled by the company and their average…
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Zurich Insurance Group makes $2.1 billion ANZ life insurance acquisition
The Swiss insurer will solidify a more important spot within this sector of the global industry. Zurich Insurance Group has announced its acquisition of ANZ life insurance. The move will place the Swiss company in the top position within Australia’s retail life insurance marketplace. The acquisition was made for a reported $2.1 billion and will considerably increase its standing in Australia. Before the ANZ life insurance acquisition, Zurich had been holding the fifth spot within that marketplace. Now it will take an easy first. The Swiss insurance company stated that…
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