Zurich Insurance posts higher first-quarter property and casualty gross written premiums

Zurich Insurance reported higher first-quarter gross written premiums for its property and casualty business on Wednesday, as the Swiss company benefited from investment trends into data centers.

Europe’s second-largest insurer by market capitalization reported gross written premiums for its property and casualty business of $15.6 billion for the January-March period, up 8% on a like-for-like basis.

Zurich Insurance’s results echoed those of its French peer, Axa and Munich-based Allianz, which both reported higher revenue in their property and casualty segments.

Allianz posts 52% rise in profit, as expected, and to meet 2026 goal

The company added that it expects no material impact on its performance from the Middle East conflict.