Alliaz CEO sees a coronavirus hit in 2020 – Spiegel

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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