Insurance giant Allianz said Thursday it would post a record net profit for 2007 despite a fourth-quarter loss at Dresdner Bank, which took a huge write down in connection with US subprime housing market losses.
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German insurer Allianz says 2007 profit hit eight bln eurosPosted by UK Economy News
In UK financial news
24Jan 08 Insurance giant Allianz said Thursday it would post a record net profit for 2007 despite a fourth-quarter loss at Dresdner Bank, which took a huge write down in connection with US subprime housing market losses.
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