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Allianz faces additional capital requirement of $170 million

Posted On: Aug. 14, 2019 5:54 AM CST

Allianz

The Australian Prudential Regulation Authority has imposed an additional capital requirement of $250 million Australia ($170 million) on Germany-based Allianz S.E. following risk governance self-assessment of the insurer, Financial Standard reports. The assessment revealed that Allianz was carrying out remediation work to strengthen its risk management and close gaps in its governance.

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