Reinsurance protects Allianz from Storm Bernd losses

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.

In the aftermath of July’s Storm Bernd, Allianz received more than 25,000 c...

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