Zurich again issued a profit warning for its General Insurance business for Q4 15 this morning. Zurich expects its General Insurance business to record a business operating loss of around $100m in Q4 15 due to natural catastrophe claims, including those related to recent storms and floods in the UK and Ireland, and a significant level of large losses. However, there will also be other negative impacts in Q4 15. Zurich has accelerated a number of steps in its efficiency program, aimed at excee
20 Jan 2016
Profit warning for Q4 15
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Profit warning for Q4 15
Zurich Insurance Group Ltd (0QP2:LON) | 0 0 0.1% | Mkt Cap: 46,293m
- Published:
20 Jan 2016 -
Author:
Dieter Hein -
Pages:
2
Zurich again issued a profit warning for its General Insurance business for Q4 15 this morning. Zurich expects its General Insurance business to record a business operating loss of around $100m in Q4 15 due to natural catastrophe claims, including those related to recent storms and floods in the UK and Ireland, and a significant level of large losses. However, there will also be other negative impacts in Q4 15. Zurich has accelerated a number of steps in its efficiency program, aimed at excee