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Allianz’s Russian exposure estimated at $162 million

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German investment banking firm Joh. Berenberg Gossler & Co. KG expects insurer Allianz SE to record an estimated €150 million ($162 million) in total losses from its Russian exposure, Reinsurance News reported. Berenberg expects that Allianz will see impaired €1.5 billion cross-border investments in Russia in the first quarter and will offset the €100 million trade credit insurance claims at its Allianz Trade unit through reserve releases.

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