Article ID: 0d3f4595c86c2240874f1ce19bb8f71bf2fdbac9e96804c71a9db1b872dcea1e
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URL: https://www.businessinsurance.com/zurich-allianz-say-no-material-exposure-to-radiant-world-report/
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Zurich, Allianz say no material exposure to Radiant World: Report - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Zurich, Allianz say no material exposure to Radiant World: Report P/C Insurers Allianz , Zurich Sep 11, 2026 (Reuters) – Zurich Insurance Group and Allianz insured transactions linked to embattled iron ore trader Radiant World, the Financial Times reported on Friday. Radiant World has come under pressure in recent months after some banks froze its accounts and several trading houses cut ties on concerns that invoices it provided to banks may not have been valid. The company has denied wrongdoing. Zurich insured Radiant against non-payment from multiple counterparties, including commodities major Glencore, under a policy that provided cover in the double-digit millions of dollars, the FT report said. Allianz Trade, the German insurer’s trade credit insurance arm, also insured Radiant against non-payment, although its total exposure is smaller than Zurich’s, the report added, citing people familiar with that policy. In response to the FT report, both Zurich and Allianz Trade told Reuters that they do not have any material exposure to Radiant World, without giving details. Radiant World did not immediately respond to a request for comment. On Monday, LAM Trade Finance Group II, in which U.S. investment bank Jefferies has a minority stake, applied for a freezing injunction in Singapore against Radiant World and its founder. Founded in the early 2000s, Radiant World became one of the world’s largest iron ore traders, handling more than 80 million metric tons of the steelmaking ingredient last year, according to its website. Related News Munich Re Specialty names Coppola underwriting leader September 10, 2026 Chevron, insurers settle over Iran tanker seizure September 10, 2026 Jury clears event center of fraud over Floyd protest damage September 10, 2026 Overexertion tops costly workplace injuries in Liberty Mutual index September 10, 2026 Brown & Riding snags former RT Specialty executive September 10, 2026 Markel names former Atradius exec to trade credit, political risk role September 10, 2026 Comp medical payments rise in most states: WCRI September 10, 2026 Political violence, Iran war losses mount September 10, 2026 Kentucky court orders release of comp fee schedule September 10, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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