Zurich Insurance Group CEO Mario Greco says the company’s Australian operations are not for sale.

A report in the German magazine Versicherungswirtschaft-heute late last week quotes Mr Greco as saying he “intends to hold on to” the Australian operations.

While the company has never confirmed or denied that its Australian general insurance assets were for sale, media reports locally have made it clear the group was sounding out the local market.

More details later today in our regular bulletin.