Zurich shuts down standalone boiler business

Zurich has closed its standalone boiler and machinery insurance
unit, laying off underwriting staff in the process, The
Insurance Insider can reveal.
According to sources, the insurance giant shut down the unit
last month as it decided the circa $40mn premium portfolio was not
part of its core business.
News of the shutdown comes as investors await the results of
Zurich's in-depth review of its general insurance operations,
which are expected when it reports full third quarter numbers on
Thursda