Zurich profits pared back as top line cut

Zurich's headline profits were down 16 percent in the first
quarter as the ailing global carrier reported its first set of
results since Mario Greco was appointed CEO.
The global carrier's business operating profit narrowed to
$1.09bn, with its post-tax profits off 28 percent year-on-year at
$875mn.
The fall in profits was driven by a 23 percent drop in general
insurance operating profits to $542mn, and a 19 percent slide in
total investment performance to $1.7bn.
However, the headline result...