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Zurich Insurance to exit life business in S'pore

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Zurich, Europe's fourth biggest insurer by market cap, has been reviewing its business as it aims to deliver annual run-rate cost savings of US$300m by the end of 2016.

Singapore

SWISS-BASED insurer Zurich Insurance has decided to leave the increasingly competitive life insurance market here, as part of its global strategy to exit underperforming portfolios in the face of growing cost pressures.

Zurich Life Insurance Singapore and Zurich