November 9, 2007

German insurer Allianz has good third quarter despite subprime crisis (AFP)

A worker cleans the windows at the headquarters of German insurance giant Allianz in Cologne, western Germany. Allianz posted better than expected third quarter results Friday and confirmed its outlook for a record 2007 operating profit despite effects from the US subprime crisis(AFP/DDP/File/Henning Kaiser)AFP – German bank insurance group Allianz posted better than expected third quarter results Friday and confirmed its outlook for a record 2007 operating profit despite effects from the US subprime crisis.

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