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Allianz to exit corporate liability business in Pacific region

Posted On: Jul. 4, 2019 6:57 AM CST

Germany-based Allianz Global Corporate and Specialty S.E.'s Pacific unit will cease writing long-tail corporate risks in Australia and close its operations in New Zealand, starting Sept. 1, Asia Insurance Review reported. The insurer said that the decision concerns only the financial lines and liability divisions of its Australian and New Zealand branches.

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