Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Allianz Will Overhaul Property Insurance Unit, Handelsblatt Says

Don't Miss Out —
Follow us on:

Nov. 30 (Bloomberg) -- Allianz SE seeks to return its property insurance business to profit by cutting jobs and offering new products, Handelsblatt reported, citing an interview with Markus Riess, who heads Allianz’s German unit.

The company plans to cut 400 of its 2,200 staff and increase property insurance sales by 550 million euros ($733 million) to 9.5 billion euros by 2014, Riess told the newspaper.

To contact the reporter on this story: Stefan Nicola in Berlin at

To contact the editor responsible for this story: Angela Cullen at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.