Zurich Insurance Group Posts Two Percent Rise in Nine-Month P&C Premiums

Source: Reuters | Published on November 8, 2018

Zurich, Switzerland - August 30, 2013: Logo of the Zurich insurance company on the rooftop of the group's headquarters in Zurich, Switzerland.

Zurich Insurance posted a 2 percent rise in nine-month property & casualty gross written premiums, it said on Thursday, confirming it was on track to achieve its 2017-2019 financial targets.

Weather and natural catastrophe losses over the first nine months were slightly above expected levels, the group said.

It expects losses of approximately $175 million from Hurricane Michael in the fourth quarter.