Global insurance carrier Allianz has expanded its aggregate reinsurance protection for 2022 and also raised its catastrophe budget for the year, after the company experienced a particularly high burden from nat cat losses in 2021.
Allianz’s recently published full year 2021 financial results show that the insurer recorded net natural catastrophe losses, after reinsurance, of €1.637 billion, up significantly on the €880 million seen in 2020.
