Premium growth not solution to expense woes: Greco

Zurich CEO Mario Greco has reaffirmed the carrier's commitment
to cutting its expense base and disciplined underwriting as it cut
back its top line in the first quarter.
Speaking on an earnings call, Greco said the problem with the
company's expense ratio could not be resolved by growing its
gross written premiums (GWP), and that its decision last year to
return to the principle of underwriting for profit had begun to
reap benefits.
He said: "(As a result) you underwrite...