natural disaster claims News

Zurich Insurance Chief Set to End Revamp Ahead of All Goals

Zurich Insurance Group AG said it will exceed all of its financial targets as the global insurer benefits from a three-year turnaround plan that slashed costs. The combined ratio, a key measure of underwriting performance, declined to 95.1%, the company …

After Cost Cutting Allianz Reports 28% Gain in Quarterly P/C Profits

As Allianz SE Chief Executive Officer Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by lower natural disaster claims rewarded his strategy. Operating profit jumped 23 percent to 2.9 billion euros ($3.4 billion), Europe’s largest …