Allianz ups cat budget and expands agg protection
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Allianz ups cat budget and expands agg protection

Allianz_Logo_munich_2021.png

Allianz has increased the limit on its aggregate reinsurance layer by EUR200mn ($227mn) and budgeted for a larger nat cat load in 2022 as it looks to control volatility.

The German carrier published its 2021 full-year results on Friday, announcing group profit of EUR13.4bn, a 25% year-on-year increase.

Allianz

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