11 December 2017

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AGCS joins market trim trend

4 August 2017

Allianz's primary unit Allianz Global Corporate and Specialty (AGCS) saw H1 2017 gross written premium shrink by 8.6 percent to EUR3.94bn ($4.68bn) compared to the prior year period, reflecting in part its withdrawal from US crop and a reorganization of its marine book.

Looking at the second quarter, operating profit at AGCS nonetheless increased to EUR116mn (Q2 2016: EUR5mn) as the unit returned to a second quarter underwriting profit, aided in no small part by a benign cat period which...


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