Zurich Life increases its market share by 43%

FIRST quarter results from Zurich Life Ireland show that the company is outperforming the life insurance market here.

The market share of the firm, formerly known as Eagle Star Life, increased 43%, year-on-year, to 14% in the first three months of this year.

In summing up the results, that also showed a 3% increase in profitability (although actual profit numbers aren’t broken down for the Irish subsidiary), Zurich Ireland chief executive Michael Brennan said that their market share gains represented “a flight to quality”.