Allianz sets up alternative risk transfer business for Asia-Pacific

Germany-based insurer Allianz S.E.'s commercial unit has set up a new alternative risk transfer business for the Asia-Pacific region following demand from large corporate clients, Artemis.bm reports. The division, Allianz Global Corporate and Specialty S.E., will offer products such as weather risk insurance, parametric insurance, reinsurance and insurance-linked securities services. Allianz has appointed Richard Green as regional head of alternative risk transfer for Asia-Pacific.

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