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Zurich says no intention of exiting Hong Kong, Singapore markets

Michele Limina | Bloomberg | Getty Images

Zurich Insurance has no plans to pull out of markets in Hong Kong or Singapore, a spokeswoman said on Thursday after Reuters reported it was considering such a move.

"We would like to clarify that Zurich has no intention of exiting the Hong Kong or Singapore markets," the spokeswoman said in an emailed statement.

"We remain committed to our general insurance and Global Life businesses in Hong Kong, and our general insurance business in Singapore."

Earlier this week sources said that Zurich was exploring a sale of its Hong Kong and Singapore operations as it reviews its non-core businesses outside Europe.

At the time, a spokesman for Zurich, Europe's fifth-biggest insurer, declined to comment on its plans.

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