April 3, 2020 / 4:02 PM / 4 months ago

CEO sees Allianz taking a coronavirus hit in 2020 - Spiegel

FRANKFURT, April 3 (Reuters) - The impact of the coronavirus outbreak will leave its mark on the earnings of Allianz in 2020, the German insurer’s chief executive told a magazine.

“Assume that we will not achieve a record profit this year,” CEO Oliver Baete told Der Spiegel in comments published on Friday.

“This year will not be a laughing matter,” he added. (Reporting by Tom Sims; editing by Thomas Seythal)

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