Allianz to take AGCS aggregate programme net

Allianz will put 100 percent of the major aggregate cover
purchased by Allianz Global Corporate & Specialty (AGCS) last
year through its intra-group reinsurance vehicle at 1 January,
The Insurance Insider understands.
Sources said that the decision to cede all of the innovative
treaty to Allianz Re will take some way less than $50mn of premium
out of the market, given that a share had already been ceded to the
group's reinsurance unit.
It is understood that increased proportional cessions...