Allianz hit by high cat losses
Allianz Group has reported that its property & casualty business wrote gross premiums written of €14.0bn (Q1 2009: €13.9bn) in the first quarter of 2010.
It attributed a 26.5% fall in P&C operating profit to €712m (Q1 2009: €969m)to major losses from natural catastrophes amounting to €555m during the first quarter of 2010. As a result the combined
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