Allianz remains bullish despite 11% Q1 decline

Despite reporting an 11% decline in gross written premium at its recent 2006 Q1 Results, Allianz Cornhill has insisted that its "only writing business for profit" strategy is still working.

Chief executive, Andrew Torrance, maintained that "we will accept lower premiums in the short term to ensure a robust and sustainable future. If we have to go through short-term pain for longer gain by sticking to this strategy, then so be it."

The first quarter results showed that Allianz Cornhill's

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact

You are currently unable to copy this content. Please contact to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: