Nat cats and Fireman's Fund send AGCS to UW loss

Group natural catastrophe losses that almost doubled to EUR738mn
($814mn) and Fireman's Fund costs helped drag Allianz Global
Corporate & Specialty (AGCS) to a full-year underwriting loss.The industrial and specialty insurance arm of giant carrier
Allianz saw operating profits fall in 2015 by some 24 percent to
EUR423mn (2014: EUR560mn), as it slid to an underwriting deficit
for the year in difficult trading conditions.Of particular note was AGCS's 2015 combined ratio, which
surged to 102.9