US Justice Department to investigate Europe's largest re/insurer; financial hit expected

02-08-2021

US Justice Department to investigate Europe's largest re/insurer; financial hit expected

shutterstock/Mark Van Scyoc

The US Department of Justice (DoJ) is investigating one of Europe's largest re/insurers after receiving several lawsuits over its so-called Structured Alpha Funds. The carrier has confirmed the probe and warned of a potential material risk to its financial earnings and capitalisation as a result of the litigation.


US Department of Justice, Alpha Funds, Allianz Group, Market Capitalisation, Insurance, Reinsurance, Europe, North America

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