Zurich Insurance posts 7% rise in 9-month P&C premiums

Credit: REUTERS/ARND WIEGMANN

Zurich Insurance Group posted a 7% rise in nine-month property and casualty gross written premiums on Thursday on a like-for-like basis, adding the development is expected to have a positive effect on net earned premiums in the coming year.

ZURICH, Nov 7 (Reuters) - Zurich Insurance Group ZURN.S posted a 7% rise in nine-month property and casualty gross written premiums on Thursday on a like-for-like basis, adding the development is expected to have a positive effect on net earned premiums in the coming year.

"We are pleased with the development of the group year to date with continued progress against both our strategic and financial plans, including additional distribution agreements," Group Chief Financial Officer George Quinn said in a statement. "We expect to exceed all of the targets that we set in 2016.”

(Reporting by John Miller; Writing by Michael Shields; Editing by Muralikumar Anantharaman)

((J.Miller@thomsonreuters.com; +41 58 306 7734; Reuters Messaging: j.miller.thomsonreuters.com@reuters.net))

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