CEO sees Allianz taking a coronavirus hit in 2020 – Spiegel
FRANKFURT – The impact of the coronavirus outbreak will leave its mark on the earnings of Allianz in 2020, the German insurer’s chief executive told a magazine.
“Assume that we will not achieve a record profit this year,” CEO Oliver Baete told Der Spiegel in comments published on Friday.
“This year will not be a laughing matter,” he added.
(Reporting by Tom Sims; editing by Thomas Seythal)
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