Zurich Insurance Ready to Shrink to Cut Claims, Risk Chief Says

By
Jan-Henrik Foerster
and
Vogeli Voegeli
  • Swiss company is reviewing its worst-performing portfolios
  • Scale of claims was a surprise, Chief Risk Officer Reyes says

Zurich Insurance Group AG is “prepared to shrink” some of its businesses after being caught off guard by the scale of claims it had to absorb last year, according to Cecilia Reyes, the company’s chief risk officer.

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