Insurer Zurich has reported a 7% increase in profits or the first half of the year.
The company's UK life business saw operating profit rise to £98m compared to the first half of 2011. Premiums also increased, by 14% to £378m, on the back of sales from the corporate life and pensions, private banking and the corporate savings business following the introduction of the Zurich corporate savings platform this year. Gary Shaughnessy, CEO for Zurich's UK life business, said the results showed the company was continuing to deliver on its long term commitments to distributors and customers in competitive markets. "These are strong results achieved in challenging times," ...
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