Fitch rates Allianz as stable

Allianz Insurance Plc, a subsidiary of the parent company, was rated a notch higher at AA for its insurer financial strength again with a stable outlook.

The ratings agency said the affirmations reflected Allianz's strong technical profitability, strong consolidated group capital position, broad diversification by geography and product, and solid business position in its key markets.

In a statement Fitch noted: "In addition, the group's ratings also benefit from an investment mix of sound credit