Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018
Zurich has lowest US asbestos reserves out of Europeans
- 26 March 2018
Zurich would only be able to sustain six and a half years of payments related to US asbestos claims at current payout levels, which is weaker than the US market average, according to analysis from Bernstein Research.
Analyst Thomas Seidl wrote in a note today that although Zurich has the lowest nominal exposure to US asbestos claims, it has the weakest "survival ratio" out of his covered European carriers.
The survival ratio is the number of years current reserves will...
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