PB Week: Strategy, results and an opportunity
For those who are not on holiday at the moment, doesn't it seem like the rest of the world is, writes Andrew Tjaardstra, editor of Professional Broking in the latest PB Week . Poor weather, out of office e-mails and smug people returning from sunny climbs complaining about the wind and the rain signal that it is well and truly the holiday season, and yet how are we still sat at our desks?
Allianz results
On Monday, Allianz's chief executive Andrew Torrance had said that his insurer's latest half year results were unsatisfactory citing that rates had not increased by as much as he had hoped. Profits have marginally increased by 3.2% over last year to £94m but this included a similar amount of reserve releases as last year and yet there were no floods this time. It appears the soft market years have finally caught up with all the insurers, although so far no job cuts have been
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