Allianz, Zurich receive damages claims from firms affected by Tianjin blasts
Monday, 08 17 2015, Category: Insurance and Reinsurance, Country: China
The Chinese units of European insurers Allianz S.E. and Zurich Insurance Group Ltd. said on Friday they received claims for unspecified damages from customer companies in the northeast city of Tianjin after two huge explosions in the port.
The pair said they are now assessing potential losses.
Zurich General Insurance Co. (China) Ltd. said in an email to Reuters that it received claims from companies including those operating in the property and cargo sectors. It didn't identify the companies involved.
Allianz said in an emailed statement it is still assessing its potential exposure to the blasts. "We can confirm that Allianz China General Insurance has exposures in the areas of property and marine clients," Allianz said, "however we are unable to furnish any further details at the moment."
Source: Business Insurance