Allianz: double-digit rate rises needed
Allianz is set to apply rate increases of up to 10% on its commercial and retail books to return to profitability.
Chief executive Andrew Torrance said the full-year pre-tax operating profit, which fell 22% to £158.5m (2009: 203.7m), was still "ahead of plan".
He said the overall gross written premium growth of 4
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