Allianz
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Insolvencies caused by the tariffs could also cause increased losses -
Newly appointed CEO Chris Jones also joins the board.
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Charles De Bar leaves Allianz after four years with the carrier.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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A survey from the carrier looked at the political risk and violence concerns of companies.
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Allianz has previously entered several capacity arrangements with the MGA.
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des Cressonnières has worked for the carrier for 28 years.
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Of the 178 passengers and crew on board, no serious injuries have been reported.
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A collision earlier today caused a cargo of jet fuel to burst into flames.
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The company also announced a EUR2bn share buyback.
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The crash is the latest of several losses for aviation insurers in recent months.
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A new UK CEO for the trade credit insurer will be announced at a later date.
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