Analyst Note| Henry Heathfield |
Zurich reported mixed numbers for the first nine months of this year. The property and casualty division reported a 13% rise in gross written premiums on a constant-currency basis with solid mid-single-digit rate increases. Most of these rates are moderating, but the business is experiencing a tailwind in South America pricing. The commercial insurance business continues to do well particularly in crop insurance. A rebound in travel insurance in Australia has been driving the good performance in Asia-Pacific.