Allianz solvency ratio may drop below target amid coronavirus crisis
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FRANKFURT (Reuters) - German insurer Allianz said on Tuesday that a key measure of capital may fall below the company's target floor level as it faces claims for disruption caused by the coronavirus crisis.Allianz, which earlier reported a nearly 30% slump in first-quarter profit, is one of many European insurers warning about the outlook as clients claim for business interruption and cancelled events, while demand for car and travel insurance has fallen.Its so-called solvency ratio dropped to..