Zurich Insurance's CFO reports no significant losses from Hurricane Melissa.

Hurricane Melissa Impact: Zurich Insurance does not anticipate significant financial losses from Hurricane Melissa, as many affected individuals and businesses were uninsured, leading to a contained industry loss.

Financial Performance: The insurer reported an increase in gross written premiums for its property and casualty business, rising to $38.9 billion in the first nine months of the year, driven by retail and commercial insurance growth.

Catastrophe Losses: Catastrophe losses for Zurich Insurance remained lower than the previous year due to fewer events and improved risk selection, contrasting with a $360 million exposure reported last year.

U.S. Government Shutdown Concerns: Analysts expressed concerns about Zurich's high exposure to the U.S. market amid the ongoing government shutdown, although the company maintains a "business as usual" stance.