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Zurich Insurance's property/casualty premiums decline marginally


Switzerland-based Zurich Insurance A.G.'s property/casualty premiums slipped 2% year over year to more than $9 billion in the first quarter despite prices increasing around 2%, Reuters reported. George Quinn, chief financial officer at Zurich Insurance, said that the insurer's profit declined due to currency fluctuations and the sale of its unit – Adac Autoversicherung Ag – in Germany.

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