08:14 AM EDT, 10/10/2025 (MT Newswires) -- (Updates with Allianz's comment in the third paragraph)

American International (AIG), Allianz, and Coface are among insurers preparing to face potential claims relating to the bankruptcy of First Brands Group, The Financial Times reported Friday, citing people familiar with the matter.

The insurers had policies that shielded trading partners or investors from losses through their trade credit businesses, leaving them exposed to First Brands' supply chain, the report said.

Allianz told MT Newswires that it cannot comment on specific cases. The insurer noted, however, that "when a company fails, or cannot meet its financial obligations, that affects its suppliers, and we act to prevent any domino effect."

AIG and Coface did not immediately respond to requests for comment from MT Newswires.

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