Allianz H1 profits down £20m on weather losses

Allianz has notched dipping pre-tax profits for the first half of 2014 as it seeks to recover from severe weather losses in Q1.

The insurer recorded £24.7m of weather losses in the first quarter, but noted that profit had improved through the following three months.

The group combined ratio deteriorated to 98.1%, from 95.7% in

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