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Allianz to expand alternative risk transfer business

Posted On: Jul. 5, 2019 5:54 AM CST

Germany-based Allianz Global Corporate and Specialty S.E. plans to expand its alternative risk-transfer business in the Pacific region related to weather risks and parametric insurance, reported. Allianz has appointed James Stack as chief executive of its Pacific unit to tap the insurance-linked securities for risk transfer opportunities.

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