Swiss firm Zurich Financial Services posted strong half year results for its UK, Ireland and international life businesses with total life and investment new business premiums rising 17% to just under £2bn.
The figures incorporate results from Zurich brands Allied Dunbar, Sterling Assurance, Zurich Life, Eagle Star Life, Threadneedle Investments, Allied Dunbar International, Zurich Life International, Eagle Star International and Ireland.
Globally, Zurich’s offshore arm saw new business premiums, including the UK, of £58m. International sales were up 23% to £43m. The firm partly attributes this to its bringing together of its international businesses - Zurich Financial Services International (including Eagle Star International [ESIL] and Allied Dunbar International) and Zurich Life International (ZLI), Switzerland - under single management last year.
ZFS said ESIL’s position in corporate international retirement benefits business, together with the ZLI strength in corporate protection, has created a powerful business proposition offering expertise for international companies with expatriate and mobile employees.
*ZFS has appointed Jim Reeve as managing director of Zurich IFA Group, succeeding Jerry Grayburn who retired in April. Most recently Zurich IFA Group marketing director, Reeve has been with the firm for 22 years.
By Madhu Kalia
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