Zurich Financial Services' (ZFS) non-life result from the UK, Ireland and South Africa slipped by 9% in 2002.
The business operating profit fell to $107m (£67.6m) from $117m (£73.9m) the previous year.
Gross written premiums and net earned premiums both increased by 24%.
Gross written premiums increased to $4.8bn (£3.03bn) from $3.6bn (£2.2bn) and net earned premiums increased to $3.6bn (£2.2bn) from $2.9bn (£1.8bn). The business unit's expense ratio rose slightly, to 23%, from its 2001 position at 22.8%.
Overall the group posted a $3.4bn (£2.1bn) net loss for 2002 after reserve strengthening and special provisions.
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.
