Allianz and LV's £68m weather hit edges first quarter COR above 101%
Allianz Holdings, comprising of LV General Insurance and Allianz Insurance, saw £68m in claims relating to storms and flooding in the first quarter of 2020 as Allianz unveiled a global property and casualty €400m (£351m) Covid-19 hit.
Allianz’s UK property and casualty operations reported a combined operating ratio of 101.4% for the quarter, according to a trading update and investor presentation at group level, a 6.5% increase on
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