Allianz restructures retentions on 2023 programme
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Allianz restructures retentions on 2023 programme

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Allianz is to significantly increase the US retention on its reinsurance programme for 2023, exemplifying a major push across the market to raise attachment points, this publication can reveal.

Sources told this publication that Allianz is to switch the deductible on its per-event coverage to an annual aggregate mechanism, which essentially means its first reinsurance layer cannot be triggered by a single major event but becomes a second-event...

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