After losing longtime money manager Bill Gross from its U.S. asset management unit PIMCO in 2014, Allianz has made some strategic hires. Jacqueline Hunt, who previously led Prudential’s U.K. and European division, is now the head of the firm’s $2 trillion asset management business. The European insurance giant also has its eye on global expansion. In June, Allianz announced it would pay $274 million to buy Zurich Assurances Maroc, Morocco’s seventh biggest property and casualty insurer. The company also manages about 100 million euros worth of property in Asia. Allianz reportedly plans to pour up to 6 billion euros in real estate in an effort to manage about 5% of its assets in Asia, according to Bloomberg.
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Other claims involved damage from dogs, roaming cattle, horses, cats, rodents, snakes and sheep.
The claim is part of a $200 million lawsuit Gross filed against his former employer.
The company just raised millions.
"What Britain is realizing is that you cannot replace something with nothing."