Insurance news from Zurich reveals 82 percent profit increases

Zurich Insurance News

Gains from investments have caused the largest insurer in Switzerland to see a huge fourth quarter profit rise. The biggest insurer in Switzerland, Zurich, has made an insurance news announcement that its fourth quarter profits experienced an increase of 82 percent as a result of higher investment capital gains. The insurer’s net income experienced a massive growth when compared to the same time the year before. The net income that was reported by Zurich was $983 million. This was a considerable year over year increase, as the same time in…

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Zurich Insurance posts first quarter profits after decline in natural disaster claims

Catastrophe Bonds Insurance News

Insurer sees profits in the wake of 2011 catastrophes Zurich Insurance Group, Switzerland’s largest insurance company, has released information concerning its first quarter profits for this year. The company posted high profits this year after overcoming the challenges presented by the past two consecutive years of natural disasters. Last year’s catastrophes broke record losses throughout the world, leaving many insurance companies in a vulnerable position. Large insurers, like Zurich, have been able to recover from the disasters and have even shown promising growth in the first quarter of 2012. Zurich…

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