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Allianz Global more than doubles operating profit



German commercial insurer Allianz Global Corporate & Specialty SE’s operating profit jumped 123% year-on-year to €459 million ($476 million) in the first nine months of the year, due to strong underwriting and investment results, Xprimm reported. The insurer’s gross written premiums increased 14% year-on-year to €8.5 billion, driven by high renewal rates, high renewals base, new business, and increased retention rate.


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