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Allianz eyes further hit from July washout

German insurer Allianz expects damage claims of €135m in July alone from rainstorms that struck the UK.

Allianz also detailed rainfall damage claims expected in Germany in its second-quarter report, released on its website.

'Claims from July storms in Germany are expected to result in losses of approximately €55m, net of reinsurance,' Allianz said in the report.