Allianz CEO anticipates 'strong rate' environment for rest of 2023

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Colm Holmes, CEO of Allianz Holdings, has warned the insurance giant will need to continue to rate “to cover the impact of inflation” in the latter half of this year.

Allianz Group’s UK insurance revenue was up 12% in the first half of 2023 on the previous year, but operating profit dipped by 5.5% from £119.4m in the first six months of 2022 to £112.8m for the same

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