Allianz suffers £23m weather claims loss but retail and commercial GWP grow

Allianz chief executive Andrew Torrance

Allianz UK has posted bad weather claims costs of £23m for the first six months of 2012.

The majority of the losses were suffered by the commercial property and motor trade accounts.

Despite this, H1 gross written premium was up 5.6% to £965.1m (2011: £914m), and profit before tax was £75

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