Large growth in new business sees Zurich expand in Europe and Asia

Zurich International Life is to expand its presence in Europe and Asia this year following more than 20% growth in new business in 2004. This comes after a number of years of consolidation by the Isle of Man offshore insurer as it decided to focus on those markets where it could be regulated. Martin Davis, who became chief executive of Zurich International Life in December 2004, said: "We will not be rushing into any markets. It is important that we are regulated in any market in which we distribute." This strategy, which began four years ago, has left Zurich International Life distributin...