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Allianz grows aggregate reinsurance and lifts catastrophe budget for 2022

February 21, 2022

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.

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