ZIL to retreat from EU

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Zurich International Life (ZIL) is set to cut its distribution in the European Union and focus instead on opportunities in the Middle East.

From April onwards, the firm will not accept business from any individual client resident in any country in the European Economic Area (EEA), except the UK and Gibraltar. Historically the main thrust of ZIL's business plan has been in the Far and Middle East. With new opportunities in the regions, ZIL has decided to revert to its original focus. The firm says the key driver for this strategy is to enable Zurich to place appropriate products in the EU without detracting from ZIL's ability to provide products for the Middle East and Asia markets. This leaves Dublin-based Zurich Internatio...

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