Best: No Change in Zurich’s Ratings Following Q1 Results
In a brief announcement A.M. Best Co. said that all its ratings of Swiss-based Zurich Financial Services Group remain unchanged following the group’s announcement of net income of $779 million in the first quarter of 2005 (See IJ Web site May 19).
“The group’s performance falls within the range anticipated by A.M. Best, incorporating a reduction in life margins and stable non life underwriting profitability,” the announcement concluded.
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