Insurance Post

Allianz targets profit with overhaul of property business

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Allianz Deutschland AG is restructuring its German property insurance segment, with the aim of returning the business to growth and profit long term.

The "Zukunftsprogramm Sach" programme will begin in 2012 and continue until 2014.

Under the plans new products will be developed and 400 jobs will be cut over the next three years across Allianz's 30

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