(Reuters) -Zurich Insurance reported rising nine-month gross written premiums at its core property and casualty business on Thursday, as its retail and commercial insurance offerings drove growth.
Europe’s second-largest listed insurer by market capitalisation posted gross written premiums of $38.9 billion for the P&C business, above last year’s $36 billion.
Catastrophe losses remained below last year’s level due to fewer events this year and a more “sophisticated risk selection”, the company said without providing a specific number.
This time last year, it had flagged a $360 million exposure to hurricanes Helene and Milton.
(Reporting by Paolo Laudani and Tristan Veyet in Gdansk; editing by Milla Nissi-Prussak)
