A.M. Best Comments on Zurich Financial Services' 2004 Year-End Results.OLDWICK, N.J. -- A.M. Best Co. has commented that the financial strength ratings of A (Excellent) of Zurich Financial Services Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. Global operations North America The US consumer market is served primarily by Farmers Insurance Group the third largest personal lines property & casualty insurance Group (ZFS (1) (Zettabyte File System) A distributed file system from Sun that was added to OpenSolaris in 2005 and Solaris 10 in 2006. With support for 128 bits, compared to 64 for NTFS and other contemporary file systems, storage capacity is unlimited for all practical ) (Switzerland) and its main subsidiaries are unaffected by 2004 reported earnings as they were in line with A.M. Best's expectations. The outlook on all ratings remains stable. An improvement in earnings of approximately 29% to USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.6 billion was achieved in 2004 in spite of a deterioration de·te·ri·o·ra·tion n. The process or condition of becoming worse. in the reported consolidated combined ratio for the year to 101.6% (97.9% for 2003), predominantly as a consequence of a strong reserve strengthening on U.S. prior years. A.M. Best continues to monitor ZFS's reserves development, particularly asbestos and U.S. prior years, and does not anticipate significant reserve strengthening in 2005. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at http://www.ambest.com. |
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