Allianz has a mixed Q3

Andrew Torrance Allianz August2009

Andrew Torrance said that the third quarter had been "satisfactory" despite profits from the first three quarters of the year reducing from £173.3m in the first three quarters of 2009 dropping to £119.1m this year. Also the overall COR dipped from 91% last year to 95.8% this year, with commercial performing poorly, going from 83.8% to 95.9%, but retail improving from 100% to 95.6%. Andrew Torrance said that three commercial claims had cost over £5m each in the third quarter including a fire at a

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