Allianz to raise debt capital after tough first quarter

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Allianz to raise debt capital after tough first quarter

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09 May 2018, Germany, Munich: Flags of the insurance company Allianz SE blowing in the wind at the begin of the company's annual general meeting in front of the Olympic Hall. Photo: Sven Hoppe/dpa | Sven Hoppe/DPA/PA Images

Allianz was calling for investment in a €1bn tier two capital issue on Friday, a couple of days after disclosing a tough set of results for the first quarter. The weaker performance largely stemmed from Covid-19, which weighed heavily on the German insurer’s Solvency II capital ratio.

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