September 25, 2016
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...
Read more at The Wall Street Journal: http://www.wsj.com/articles/wind-farms-sewer-tunnels-where-one-insurer-is-scrounging-for-yield-1474795801