Allianz, AIG, Others Prepare for Wave of First Brands Claims: FT

Allianz, Coface and AIG are among the groups to have written policies shielding customers or investors from losses through their trade credit businesses, the Financial Times reports, citing unidentified people familiar with the matter.

• Unnamed senior executives at some large credit insurers told FT they had dialed back coverage linked to First Brands ahead of its bankruptcy
• Allianz, Coface and AIG declined to comment on FT queries
• NOTE: First Brands Exposure of $1.75 Billion Hits Norinchukin JV (1)

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Rieka Rahadiana in Singapore at rrahadiana@bloomberg.net ...