Allianz suing Revolut for £10.4m over axed travel insurance deal

Allianz logo on building
Photo: Allianz

Allianz is suing Revolut for £10.4m, alleging that the neobank breached its obligations under a deal it struck in 2021 for Allianz to provide travel insurance to Revolut customers.

The December 2021 agreement between Revolut and the UK branch of Allianz Worldwide Partners saw the neobank take out a collective insurance policy, the benefits of which Revolut extended to its

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