Moody's Investors Service has announced that it has placed the insurance financial strength rating of Zurich Insurance
Company (ZIC) of A2, its' senior debt rating of Baa1, and its' subordinated debt rating of Baa2 on review for possible upgrade.
Moody's said that the profitability of Zurich Financial Services (ZFS) improved substantially in 2004 and in the first half of 2005, with the combined ratio having reached 96.9% and life new business margin 10.9%.
Moody's also noted the successful completion of the disposals programme, a major improvement in the Group's
reserving position following reserving action in North America in the fourth quarter of 2004, as well as the good progress in running off Zurich Capital Markets and Centre companies.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
