Allianz, AIG, XL Group eye cryptocurrency sector

Global insurers, including Germany-based Allianz S.E., American International Group and Bermuda-based XL Group Ltd., are increasingly providing cover for cryptocurrency-related businesses, Cointelegraph reported citing sources. Insurance brokers U.S.-based Marsh and McLennan Cos. Inc. and U.K.-based Aon P.L.C. said that the number of crypto-specific policies has increased recently. Marsh has set up a dedicated team to broker policies for blockchain startups.

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