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Wind Farms, Sewer Tunnels: Where One Insurer Is Scrounging for Yield

September 25, 2016

John Letzing

ZURICH—For years, Allianz SE was content with an investment diet of mostly low-risk bonds. More recently, the German insurer has lavished money on a military garrison for the U.K.'s Parachute Regiment, a Texas wind farm and a 16-mile sewer tunnel in London.

Meanwhile, Switzerland-based Zurich Insurance Group AG has largely stuck with its bond-heavy ways...


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