AGCS returns to underwriting profit in Q2

Operating profit at Allianz's Global and Corporate Specialty
division (AGCS) surged to EUR116mn ($137.8) as the unit returned to
a second quarter underwriting profit.
In the second quarter of 2016, the unit had reported an
operating profit of just EUR5mn.
The result came as operating profits at Allianz's wider
P&C division beat analyst consensus by 12 percent.
The AGCS Q2 combined ratio improved by 13 percentage points year
on year to 97.4 percent as the loss ratio drastically improved in...