Zurich’s P&C profits down 28% despite H2 rebound and ‘strong’ commercial rates

Mario Greco, group chief executive officer of Zurich Insurance Group

P&C operating profit fell 28% at Zurich Insurance last year and was down 20% for the group as Covid-19 and nat cats took their toll, but a rebound in the second half and strong performance in commercial business, on the back of significant rate increases, helped steady the ship. Announcing full-year results, Zurich said the first half was impacted by…

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