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Zurich predicted a Q4 loss of $100 million after having to pay out $275 million to cover damage claims from storms in the U.K. (Photo: Shutterstock)

(Bloomberg) — Zurich Insurance Group AG is “prepared to shrink” some of its businesses after being caught off guard by the scale of claims it had to absorb last year, according to Cecilia Reyes, the company’s chief risk officer.


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