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Allianz Pulls Back From Iran Amid US Sanctions Threat

Law360, London (May 17, 2018, 1:26 PM BST) -- Europe’s largest insurer, Allianz SE, is preparing to withdraw from Iran after the U.S. government abandoned an international nuclear deal and warned that it could impose sanctions on companies trading with Tehran, the firm told Law360 on Thursday.

Allianz says it is “developing wind-down plans for relevant business" after the U.S. government warned it could impose sanctions on companies trading with Iran. (AP) A spokesman for the German insurance giant said the firm was analyzing the situation and waiting for guidance from Germany and the European...
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