New business at Zurich grows by 6%

NEW business at the Irish division of international financial services group, Zurich, grew by 6% on a year-on-year basis in the first nine months of 2010.

The new figures from Zurich Life Ireland – formerly Eagle Star – show the company has continued to outperform the wider market here, with sales rising from €122.5m for the same period last year to €129.4m; while the average life market fell by 5% over the same timeframe.

The Irish subsidiary’s pension business also grew during the period, with the value of new business – on a like-for-like basis – up by 3% to €100.5m. New life assurance business was up by 17% at €29m.