Reinsurance protects Allianz from Storm Bernd losses

Garry BOOTHOctober 26, 2021
The Ahr river flows past houses destroyed by floods in Insul, Germany, July 2021.
The Ahr river flows past houses destroyed by floods in Insul, Germany, July 2021. Credit: Shutterstock/Nick_ Raille_07

Although Allianz has lifted its gross estimate from European flood claims by +22% to €1.1bn, reinsurance appears to have limited the net loss to just €0.4bn, according to a note from analysts at investment bank Jefferies.

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Garry BOOTHOctober 26, 2021
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