Allianz sees global profits and revenue fall in Q1

Global insurer Allianz's revenues and profits fell by 6.4% and 3.5% respectively in the first quarter of 2016.

Global revenues fell to €35.4bn (£27.9bn) with after tax profits falling to €2.2bn.

Allianz saw its life and health premiums fall 11.4% with profits falling 16% to €927m. Allianz recently sold its

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