Allianz Global Corporate & Specialty's profits rise 16%
Operating profit at Allianz Global Corporate & Specialty in 2013 climbed 16% to €483m compared to €416m the previous year.
However, gross written premiums were down 6% to €5bn which Allianz blamed on "negative foreign exchange movements", in addition to "competitive pricing pressure, notably in the aviation sector."
Durin
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