Zurich puts $900mn-premium Australian P&C business up for sale
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Zurich puts $900mn-premium Australian P&C business up for sale

Adam McNestrie, 
Fiona Robertson, Rachel Dalton
17 February 2022
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Zurich Insurance Group has put its Australian P&C subsidiary Zurich Australian Insurance Limited (ZIAL) up for sale, this publication understands.

The P&C business recorded direct premium revenue of A$1.24bn ($890mn) in 2020 and an underwriting loss of A$124mn, deepening its 2019 underwriting loss of A$4mn.

The

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News M&A Zurich
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Adam McNestrie
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Rachel Dalton
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