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Reinsurance cover caps Allianz's Sandy hit -CFO
2012年11月9日 / 上午10点03分 / 5 年前

Reinsurance cover caps Allianz's Sandy hit -CFO

FRANKFURT, Nov 9 (Reuters) - Allianz has reinsurance cover to cap its exposure to damage claims from superstorm Sandy in the United States, Chief Financial Officer Oliver Baete said on Friday.

In a telephone conference with journalists, Baete declined to detail how high the cap was set but said it gave him additional confidence that the group’s target of earning more than 9 billion euros ($11.5 billion) in operating profit this year would be achieved.

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