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Allianz' Brazil unit to reinsure risks in Chile and Colombia

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Allianz Global Corporate & Specialty Resseguros Brasil S.A. is expanding its business in South America and has received permission to underwrite reinsurance risks in Chile and Colombia, reports

The Allianz unit will provide solutions for several sectors including aviation, financial lines, engineering and liability, among others.

AGCS Re Brazil is eyeing a 15% growth in the South American region in 2014.

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