A.M. Best Co. has commented on the financial strength ratings of A (Excellent) of Zurich Financial Services Group (ZFS) (Switzerland) and its core subsidiaries following the release of third quarter results for 2003. These financial strength ratings remain unchanged after announced earnings--in line with A.M. Best's expectations--of USD 1.4 billion (an improvement of USD 4.2 billion year-on-year) and a reduced consolidated combined ratio of 98.2% (114.8% over the same period in 2002). The outlook remains positive.
A.M. Best continues to be concerned about the weak performance of Bermuda-bas...
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