01:55 AM EDT, 09/11/2026 (MT Newswires) -- Insurers Allianz (ALV.F) and Zurich Insurance Group (ZURN.SW) reportedly provided coverage tied to troubled iron ore trader Radiant World, which faces legal action from creditors in the UK and Singapore over alleged fraudulent trading documentation. London's Financial Times reported Friday, citing people familiar with the agreements, that Zurich insured Radiant World against non-payment by multiple counterparties, including commodity trader Glencore (GLEN.L, GLN.JO). Allianz's Allianz Trade unit also provided Radiant World insurance coverage against non-payment. Zurich told MT Newswires it "does not have any material exposure to Radiant World". Allianz and Radiant World did not immediately respond to requests for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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