Zurich Financial Services (ZFS) reported a 35% rise in net profits for the first nine months of the year, despite being hit by a $400m after tax charge to cover claims arising from this year's hurricane season.
Income for the first nine months of the year was recorded as $1.9bn compared with $1.4bn in the same period last year.
The group also added a further $306m to reserves for prior year losses in the third quarter, bringing the nine-month total to $962m.
The company is aiming to save $200m this year, so far it has reported saving $180m.
ZFS chief executive James Schiro said it intended to save £500m in 2005 to support earnings in the wake of a softening market.
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.
