Zurich Posts $154 Million Q3 Net Profit; $2.8 Billion for 9 Months

November 13, 2008

  • November 13, 2008 at 8:56 am
    Jim Morrison says:
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    How does Zurich continue to do this amidst the swirling global financial storm? I wonder if a strong and well positioned firm like Zurich will acquire any parts of AIG? I hear Schiro has made the firm lean and intends to grow it now.

  • November 13, 2008 at 2:41 am
    X Z Guy says:
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    Great question, Z’s No American HQ’s has cut about half of it’s workforce since 2000 and a few hundred jobs in Chicago. Many jobs went to Bollywood for $7,500 a year compared with $50,000 here, adding to financial turmoil at home.

  • November 13, 2008 at 2:51 am
    Doubtful says:
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    Must be an error.
    What happened to their investment income that they don’t mention and still post these numbers.
    Give this some time to sit and you’ll see a retraction.

  • November 13, 2008 at 3:03 am
    Zurich Employee says:
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    Foreign based company with a better spread of risk, and investments as well as deciplined underwriting and pricing allowed Z to post these numbers. Won’t see it retracted. Doubtful is just sour grapes :)

  • November 13, 2008 at 4:19 am
    morrison says:
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    $250 mil Lehman exposure that represented less than 1/10th of 1 percent of their firms investments. Pretty big portfolio.

  • December 9, 2008 at 2:06 am
    greer says:
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    Do any know of changes in underwriting staffing for Farmers? There are 3 with a 4th UW Servicepoint in Portland planned.



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