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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Zurich Insurance Group Ltd    ZURN   CH0011075394

ZURICH INSURANCE GROUP LTD

(ZURN)
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UK insurers should make payments fast after business interruption judgment -watchdog

09/18/2020 | 12:36pm EST

LONDON, Sept 18 (Reuters) - Britain's markets watchdog said on Friday it was "critical" that insurers pay valid claims in full at the earliest possible date, following a High Court ruling on business interruption insurance.

London judges ruled that some of the world's biggest insurers were wrong to reject tens of thousands of claims from small firms battered by the COVID-19 pandemic, the Financial Conduct Authority (FCA) said earlier this week.

Insurers should make interim payments where possible, the FCA said in a "Dear CEO" letter published on Friday. (Reporting by Carolyn Cohn; editing by David Evans)


© Reuters 2020
Stocks mentioned in the article
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HISCOX LTD -0.74% 1077.5 Delayed Quote.-24.33%
QBE INSURANCE GROUP LIMITED -0.77% 10.33 End-of-day quote.-19.80%
RSA INSURANCE GROUP PLC -0.09% 674.4 Delayed Quote.19.24%
ZURICH INSURANCE GROUP LTD -0.08% 372.3 Delayed Quote.-6.25%
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Financials
Sales 2020 45 141 M 49 867 M 49 867 M
Net income 2020 2 798 M 3 091 M 3 091 M
Net Debt 2020 4 504 M 4 975 M 4 975 M
P/E ratio 2020 19,3x
Yield 2020 5,21%
Capitalization 55 439 M 61 290 M 61 244 M
EV / Sales 2020 1,33x
EV / Sales 2021 1,23x
Nbr of Employees 55 000
Free-Float 98,0%
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Technical analysis trends ZURICH INSURANCE GROUP LTD
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Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 380,76 CHF
Last Close Price 372,30 CHF
Spread / Highest target 15,5%
Spread / Average Target 2,27%
Spread / Lowest Target -23,4%
EPS Revisions
Managers
NameTitle
Mario Greco Group Chief Executive Officer
Michel M. Liès Chairman
Kristof Terryn Group Chief Operating Officer
George Quinn Group Chief Financial Officer
Alison Jane Carnwath Independent Non-Executive Director
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