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Allianz Profit Climbs as Pimco Lures $25 Billion New Money

  • Property and casualty insurance hit by lower investment result
  • Low rates are hitting insurers and forcing consolidation
German Economy Steams Ahead On Consumer Spending
Photographer: Krisztian Bocsi/Bloomberg
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Allianz SE got a boost from bond giant Pimco in the second quarter as its main insurance businesses felt the pinch of low interest rates.