Dye denies Allianz UK's reinsurance arrangement is for acquisition 'war chest'
Allianz UK's 12% drop in operating profit in the first half of 2015 was impacted by a quota share reinsurance arrangement agreed with sister company Allianz Re, according to CEO Jon Dye.
The insurer's operating profit fell from £64.2m in the first half of 2014 to £56.5m this year.
The deal, part of a "capital optimisation" programme being run within the Allianz group, means some of
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