Advertise
Resources
Member, Beacon International Group, Ltd.
Zurich Insurance Group A.G.'s chief risk officer Cecilia Reyes has said that the insurer is ready to shrink some of its businesses after it had to absorb a large amount of claims in 2015, reported Bloomberg.
"We were surprised, obviously, by the poor underwriting results in the general insurance business," said Ms. Reyes.
"We need to either re-price or, if we cannot get the right level of compensation to the risk, we should walk away from some risks," added Ms. Reyes.