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Moody's rating upgrade for Allianz Cornhill

Moody's Investors Service has upgraded Allianz Cornhill's Insurance Financial Strength Rating to A1 from A2. The rating has a stable outlook. This rating action concludes the review for possible upgrade initiated on 7 July 2005.

The review focused on the ability of the insurer to maintain recent stand alone improvements, in particular through any softening of the underwriting cycle. Moody's noted that the 2005 interim results

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