Allianz Funds Settlement Likely Before February, Analysts Say

By Martin Croucher (November 11, 2021, 12:17 PM GMT) -- Insurance giant Allianz SE is likely to draw a line under a U.S. regulatory probe into its Structured Alpha Funds by next February with a settlement of up to €9 billion ($10.3 billion), analysts said on Thursday.

Investment bank Berenberg said that the deadline and the estimated payout were based on an interpretation of statements issued on Wednesday by the insurer in its third-quarter results.

Hamburg-based Berenberg said it believes that the Structured Alpha settlement will be no higher than €9 billion after it examined the company's solvency capital holdings and the amount of cash required to carry out a share...

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