Feb 11th, 2016

Zurich’s de Swaan Sees General Insurance Improving

Zurich Insurance Group AG, Switzerland’s biggest insurer, reported a fourth-quarter loss after damage claims ranging from the Tianjin disaster in China to storms in the U.K. and Ireland. The net loss was $424 million compared with a profit of $860 million a year earlier, the Zurich-based company said in a statement on Thursday. Chairman and acting CEO Tom de Swaan outlines his vision for the company to Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”