Subscriber OnlyBusinessAllianz Profit Climbs as Pimco Lures $25 Billion New MoneyProperty and casualty insurance hit by lower investment resultLow rates are hitting insurers and forcing consolidationPhotographer: Krisztian Bocsi/BloombergByWill Hadfield+FollowAugust 2, 2019, 5:24 AM UTCUpdated onAugust 2, 2019, 6:55 AM UTCWant the lowdown on European markets? In your inbox before the open, every day. Sign up here.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.