Florida regulator alleges Allianz Risk Transfer ‘looted’ failed Magnolia
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Florida regulator alleges Allianz Risk Transfer ‘looted’ failed Magnolia

The Florida Department of Financial Services is seeking more than $20mn from Allianz and its Bermudian subsidiary Allianz Risk Transfer (ART) after alleging that the insurance group conspired to "loot" failed Floridian insurer Magnolia Insurance.

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