AGCS confident on future profits as rates exceed inflation: CFO Terzariol

05 August 2022

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Allianz Global Corporate and Specialty (AGCS) is securing rate increases ahead of inflation, and managers are confident it will retain its post-remediation profitability in the present macroeconomic environment, according to CFO Giulio Terzariol.

The executive acknowledged the “headwind” of rising costs, but said that rate increases of 10% in the first half came in ahead of claims inflation, which was tracking at around 6%.

“Sure,

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AGCS confident on future profits as rates exceed inflation: CFO Terzariol

Allianz Global Corporate and Specialty (AGCS) is securing rate increases ahead of inflation, and managers are confident it will retain its post-remediation profitability in the present macroeconomic environment, according to CFO Giulio Terzariol.

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AGCS confident on future profits as rates exceed inflation: CFO Terzariol

Allianz Global Corporate and Specialty (AGCS) is securing rate increases ahead of inflation, and managers are confident it will retain its post-remediation profitability in the present macroeconomic environment, according to CFO Giulio Terzariol.

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Uncover exclusive insights tailored for insurance leaders

Topics

City of Baltimore files suit against ship owner and manager in bridge collapse

Gulf flooding to push up reinsurance costs: Moody’s

Liberty Mutual Re launches parametric earthquake cover

Munich Re preliminary Q1 results show EUR2.1bn profit

CFC establishes dedicated team for renewables M&A coverage

Fitzalan-Howard resigns as non-exec director of Helios board

London market encouraged by early Labour messaging