Zurich Financial Services (ZURZn.VX) yesterday posted a first-half net gain of $701 million, fuelling hopes that Europe's third largest insurer may turn a profit in 2003.Chief Executive Jim Schiro, who was appointed to the job in May last year, said he was confident the company could meet its target of improving profit by $1 billion in the full year 2003. "At the end of July, we continue to be on track. I feel good about achieving that target," he said. "I'm excited by this recovery, but we have a long road ahead. I see us facing challenges." Zurich, which had lost $2.03 billion in the first ...
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