Zurich Financial Services "hold"

04/05/05 - Dresdner Kleinwort Wasser.

LONDON, April 5 (newratings.com) - Analysts at Dresdner Kleinwort Wasserstein maintain their "hold" rating on Zurich Financial Services (ZFIN). The target price is set to CHF220.

In a research note published this morning, the analysts mention that the company has announced the disposal of its specialist motor insurance segment in the US, Universal Underwriters Group, for $1.1 billion. Dresdner Kleinwort Wasserstein says that Zurich Financial Services appears to have been sold its Universal Underwriters Group at a discount.