In a brief announcement A.M. Best Co. said that all its ratings of Swiss-based Zurich Financial Services Group remain unchanged following the group’s announcement of net income of $779 million in the first quarter of 2005 (See IJ Web site May 19).
“The group’s performance falls within the range anticipated by A.M. Best, incorporating a reduction in life margins and stable non life underwriting profitability,” the announcement concluded.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Federal Judge Cautions State Farm Against Gambling With Courts 
Global Insured Catastrophe Losses Expected to Average $171 Billion Annually: Verisk 
Willis Towers Watson Accuses Lockton of ‘Smash and Grab’ of Construction Team 
Aon Acquires USI Insurance From KKR in $17 Billion Deal Targeting Middle Market 
