Allianz Takes $430 Million Profit Hit in Retreat from Russia

Allianz launches financial lines claims inhouse

Allianz SE will take a hit of about 400 million euros ($430 million) to profit from the sale of a majority in its Russian operations, part of a retreat from the country in the wake of the war in Ukraine. Allianz, which is selling the stake to Interholding LLC, will own 49.9% in the combined… Continue reading Allianz Takes $430 Million Profit Hit in Retreat from Russia