Business Services Industry
World Updates.(Allianz Aktiengesellschaft Holding, Lloyd's of London, Wellington Underwriting PLC)(Brief Article)
Business Insurance, February, 2002
Allianz seeks partners for terrorism insurer Allianz A.G. Holding is in talks with other insurers and reinsurers about forming a company to provide coverage for terrorism risks throughout Europe. Munich, Germany-based Allianz said the insurer would write property and casualty risks, though it would not cover business interruption.
Allianz did not disclose the limits that would be available or the potential capitalization of the new operation, which would be based in Luxembourg. Allianz said it is seeking four partners for the project and has received positive responses from Swiss Reinsurance Co. and Zurich Financial Services Group. Munich Reinsurance Co. said it would not make a decision until the resolution of talks involving the German government, industry...
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