Zurich top line and headcount set to shrink

Turnaround initiatives at Zurich are expected to lead to
shrinking P&C premium volumes and further headcount
reductions.
The insurance giant, which has a significant presence in the
E&S space, said on its second quarter earnings call that an
increased emphasis on profitability would likely impact the amount
of premiums written given the company's previous results and
current market conditions.
"We want to grow profitability over time, but we are not
going to grow at the expense of the fi