Updates; ZFS estimates losses from European flooding.(World)(Zurich Financial Services Group's losses due to Hurricane Katrina.)(AXA Group's financial earnings)(Guy Carpenter and Company Inc. went in for restructuring and appointed Nick Frankland as its head forits London practice)

Business Insurance, September, 2005

Zurich Financial Services Group said it expects claims of about $100 million pretax arising from the flooding that affected Austria, southern Germany and Switzerland last month. The losses will be recorded in the third quarter, Zurich, Switzerland-based ZFS said in a statement. Meanwhile, the insurer said it cannot yet accurately assess its losses from Hurricane Katrina.

AXA's six-month profits increase French insurer AXA S.A. reported net income of 2.27 million euros ($2.75 million) for the first half of 2005, a 31% increase over restated figures for the first six months of last year. AXA restated its 2004 results for comparability under International Financial Reporting Standards. The insurer said the improved profit was due in part to a focus on improved...

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