Zurich UK Life profits up 6% as new business soars

New business was valued at £125m, an increase of 17%. It said the increase was driven largely by its corporate business as well as continued growth on its retail platform. However, new business margins stood at 13.6%, which is lower than the previous year by 2.8 percentage points. Zurich chief executive Gary Shaughnessy said: "The economic environment remains challenging, with yields continuing to fall with low interest rates. That's why we continue to operate our business appropriately and responsibly, illustrated by the efficient management of our pricing and the diversification of ...