http://dynamicwealthmanagementreports.com/?p=35Zurich warned that the full loss assessment, and therefore the ultimate cost, will take time to complete due to the extreme nature of the losses and its limited access to damaged areas particularly in Japan but also in New Zealand.
The losses will be recorded in first-quarter earnings due for release on May 5, Zurich said.
Zurich Financial’s comfortable capital position allows it to digest the loss, and dividend payments remain safe, said Michael Klien, an analyst in London with investment bank Nomura, who has a buy rating on the stock. Zurich may even decide to start buying back its own shares as early as next year, he added.
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