Allianz SE and Zurich Insurance Group AG announced that they have no material exposure to iron‑ore trader Radiant World, even though both insurers have written policies covering transactions linked to the company. Zurich Insurance confirmed it had provided trade credit insurance to Radiant World against non‑payment from counterparties, specifically naming Glencore Plc as one such counterparty, and indicated that its total exposure to Radiant World is in the low double‑digit millions of dollars. Allianz Trade, a subsidiary of Allianz SE, separately stated that it also has no material exposure to Radiant World or to any of Radiant’s customers; the spokesperson highlighted that fraud is a standard exclusion in most trade credit insurance policies and that Allianz Trade maintains strong, in‑depth processes to ensure client compliance with internal standards and policies. Bloomberg had reported in July that several leading commodity traders ceased doing business with Radiant World amid concerns that the trader had supplied falsified documents to banks to obtain financing; Radiant World denied any wrongdoing and asserted that it conducts its business to the highest commercial and legal standards. The article was generated with AI assistance and reviewed by an editor.