Zurich surges 8% on results

Zurich's share price galloped forward by 8 percent in
trading today as the market digested a set of consensus-beating
results.The insurer's operating profits narrowed by 16 percent to
$1.09bn, but bested consensus forecasts by 22 percent, pushing the
shares up to SwF233.20 by 2:45pm BST.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.
Citi analyst Farooq Hanif described...