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Allianz
Allianz ( , ) is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. The company is one of the world's largest insurers and financial services groups. The company is a component of the Euro Stoxx 50 stock market index. Its asset management division, which consists of PIMCO, Allianz Global Investors and Allianz Real Estate, has €2,432 billion of assets under management (AuM), of which €1,775 billion are third-party assets (Q1 2021). Allianz sold Dresdner Bank to Commerzbank in November 2008. History Foundation ''Allianz AG'' was founded in Berlin on 5 February 1890 by then-director of the ''Munich Reinsurance Company'' Carl von Thieme (a native of Erfurt, whose father was the director of the insurance company ''Thuringia'') and Wilhelm von Finck (co-owner of the ''Merck Finck & Co. Bank''). The joint company was listed in Berlin's trade register under the name '' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allianz Global Investors
Allianz Global Investors (commonly called AllianzGI or AGI), is a global investment management firm with offices in over 20 locations worldwide. It is owned by the global financial services group Allianz. Employing nearly 3,000, it manages over EUR 500 billion in assets on behalf of institutional, retail clients and also of Allianz itself. AGI became known for one of the biggest fraud cases in which its Structured Alpha fund lost over 6 billion dollars in the 2020 market sell-off. As the risk profile of the fund was missold to the investors it led to charges against the company and its managers. Leadership Tobias C. Pross is Chief Executive Officer (CEO) of Allianz Global Investors, a position he has held since the start of 2020. Prior to 2020, Allianz Global Investors was led by founding CEOs Andreas Utermann and Elizabeth Corley. History Allianz first created a separate asset management business in 1998 under the leadership of board member, Joachim Faber. Through a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allianz Life
Suburban Minneapolis-based Allianz Life Insurance Company of North America (Allianz Life) provides annuities and life insurance products in the United States in all states except for New York. In New York, annuities and life insurance products are offered by Allianz Life Insurance Company of New York (Allianz Life of NY). Allianz Life offers various products, including fixed and variable annuities and life insurance. These products are offered through a network of more than 100,000 agents nationwide. The company is a principal subsidiary of Allianz SE, a European global financial services group that is the 31st largest corporation in the world based on revenue ( Fortune Global 500, July 2013). Allianz SE employs nearly 155,000 people worldwide. History Allianz Life Insurance Company of North America began as North American Casualty, started by Henry Little of Minneapolis, Minnesota in 1896. In 1912, North American Casualty merged with North American Life Association ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jacqueline Hunt
Jacqueline ("Jackie") Hunt (born April 27, 1968 in Johannesburg) is a British financial services manager. Since 2016 she has been on the management board of Allianz SE, overseeing the group’s asset management and US life insurance divisions. She is responsible for managing assets worth more than $2 trillion, leading Bloomberg News to describe her as “one of the most important people in global finance”. Early life Hunt, who holds British and New Zealand citizenship, was born in Johannesburg. Her father died when she was very young, and she has described her mother, who brought her up alone, as an inspiring influence. Education At school she was a gifted pupil, with particular passions for geology and English literature. Her higher education, at the University of the Witwatersrand, was funded by a bursary from a mining company, for which she worked during vacations; but she was put off the idea of a career in mining by the fact that, as a woman, she would not be al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euler Hermes
Allianz Trade is an international insurance company that offers a range of services including trade credit insurance, debt collection, surety bonds and guarantees, business fraud insurance and political risk protection. A subsidiary of Allianz SE, Euler Hermes is rated AA by Standard & Poor's. It monitors the financial health of over 80 million companies. Headquartered in Paris, the company is present in more than 50 countries with more than 5,500 employees, and has a global market share of 34%. They posted a consolidated turnover of €2.9billion in 2021, and insured global business transactions representing €931billion in exposure. History Creation of credit insurers around the world * 1883: ACI in the United States * 1917: Hermes Kreditversicherungsbank in Germany * 1918: Trade Indemnity in United Kingdom * 1927: SFAC in France and SIAC in Italy * 1929: COBAC in Belgium Birth of Euler Hermes In 1993, SFAC started to acquire the different local market leaders in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Diekmann
Michael Diekmann (born December 23, 1954) is a German manager who served as the CEO of Allianz in between 2003 and 2015. Early life and education Diekmann knew early that the family construction business would go to his twin brother, who was more interested in engineering. Instead, he earned his degree from Goettingen University, where he studied law and philosophy. Career Diekmann began his career with Allianz in 1988 after becoming frustrated with his own business, a publishing house that focused on travel guides. During his career, he later worked in Australia and the United States, where he successfully revamped the Fireman's Fund Insurance Company, the Allianz subsidiary there. In 1996, he moved to Singapore to run Allianz's Asia-Pacific business front. As CEO, Diekmann steered Allianz through a difficult period at the start of the century, moving it from a low point in profitability to a bumper year in 2013 with an operating profit of €10.1 billion. Under his leadersh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bajaj Allianz Life Insurance
Bajaj Finserv Limited is an Indian non-banking financial services company headquartered in Pune. It is focused on lending, asset management, wealth management and insurance. History The financial services and wind energy businesses were transferred to Bajaj Finserv Limited (BFS) as part of the concluded demerger from Bajaj Auto Limited, approved by the High Court of Judicature at Bombay by its order dated 18 December 2007. It is a financial conglomerate with stakes in the financing sector (Bajaj Finance), the life insurance business (Bajaj Life Insurance), and the general insurance business (Bajaj General Insurance). Bajaj Holdings and Investments Limited is the parent company which holds 39.29% stake in Bajaj Finserv. The former has been registered as a Non–Banking Financial Company (NBFC) under the Registration No. N–13.01952 dated 29 October 2009 with Reserve Bank of India (RBI). The company employs over 20,154 employees at 1,409 locations, and is engaged in con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AGF (company)
Allianz France is a French insurance company, headquartered in Rue de Richelieu, Paris. ''Assurances Générales de France'' (the company only refers to itself as AGF) is a majority-owned subsidiary of the German multinational Allianz SE. The company provides insurance and financial services in France and internationally. History In 1990, AGF was 72% state owned by the French government. Thus, AGF was among those companies owned in large part by the government in 1993 when passage of a French "denationalization law" took place. AGF was privatized as part of the law's implementation in 1996, though the French government retained a 57% ownership stake. This level of ownership is consistent with the company remaining a part of French economic infrastructure in a crossed share holding set of relationships with Société Générale and Alcatel-Alsthom. A second such "pole" at the time (1996) consisted of Banque Nationale de Paris, Union des Assurances de Paris and Suez. The ye ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Munich
Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the third-largest city in Germany, after Berlin and Hamburg, and thus the largest which does not constitute its own state, as well as the 11th-largest city in the European Union. The city's metropolitan region is home to 6 million people. Straddling the banks of the River Isar (a tributary of the Danube) north of the Bavarian Alps, Munich is the seat of the Bavarian administrative region of Upper Bavaria, while being the most densely populated municipality in Germany (4,500 people per km2). Munich is the second-largest city in the Bavarian dialect area, after the Austrian capital of Vienna. The city was first mentioned in 1158. Catholic Munich strongly resisted the Reformation and was a political point of divergence during the resulting Thirty Years' War, but remained physicall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oliver Bäte
Oliver Bäte (born 1 March 1965) is a German business executive who is the CEO of Allianz, a position he has held since October 2014. Early life Bäte graduated from the University of Cologne and New York University Stern School of Business. Career Bäte served with the German Air Force from 1986 until 1987. Bäte started his career with McKinsey & Company in New York. Later, he moved to their offices in Germany. In 1998, he took over McKinsey’s German insurance practice. In 2003, he became Director in charge of the firm’s European insurance and asset management sector. Bäte joined Allianz’s board in 2008, serving as chief operating officer (COO) and chief financial officer (CFO) before taking responsibility for insurance operations in Western and Southern Europe ( France, Benelux, Italy, Greece, Turkey) in 2013. As part of a 2015 executive reshuffle to cut the size of the Allianz management board to nine members, he also took over responsibility for human resource ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PIMCO
PIMCO (Pacific Investment Management Company, LLC) is an American investment management firm focusing on active fixed income management worldwide. PIMCO manages investments in many asset classes such as fixed income, equities, commodities, asset allocation, ETFs, hedge funds, and private equity. PIMCO is one of the largest investment managers, actively managing more than $2 trillion in assets for central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments, and individual investors around the world. PIMCO’s headquarters are in Newport Beach, California; the firm has over 3,100 employees working in 22 offices throughout the Americas, Europe, and Asia. History PIMCO initially functioned as a unit of Pacific Life Insurance Co., managing separate accounts for that insurer's clients. The firm was founded in 1971, launching with $12 million of assets. In 2000, PIMCO was acquired by Allianz SE, a large global financial services company ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wilhelm Von Finck
Wilhelm von Finck (born 6 February 1848 - 4 April 1924) was a German entrepreneur and banker. Finck was a co-founder of the German companies Allianz and Munich Re. Life In Frankfurt am Main, he was a student at the Hasselsche Institut. He worked first for German company Bankhaus Philipp Nicolaus Schmidt. Since 1869 he worked for Nestle, Andreae & Co. in London and since 1870 for Merck Finck & Co. in Darmstadt. By 1879, together with his brother August Finck, who replaced the departing general Adolf Karl Ludwig Christian, the previous authorized representative Wilhelm von Finck already held a large part of the bank assets of Merck Finck & Co. Together with German entrepreneur Theodor von Cramer-Klett and Carl von Thieme he founded company Munich Re in April 1880. German company Allianz AG was founded in Berlin on 5 February 1890 by then director of the Munich Reinsurance Company (Munich Re) Carl von Thieme (a native of Erfurt, whose father was the director of Thuringia) and Wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dresdner Bank
Dresdner Bank AG was a German bank and was based in Frankfurt. It was one of Germany's largest banking corporations and was acquired by competitor Commerzbank in May 2009. History 19th century The Dresdner Bank was established on 12 November 1872 through the conversion of the private banks Michael Kaskel and Bernhard Gutmann. The Dresdner Bank founding consortium consisted of Allgemeine Deutsche Creditanstalt (Leipzig), Berliner Handels-Gesellschaft (Berlin), Deutsche Vereinsbank (Frankfurt am Main), Deutsche Effecten- und Wechselbank (Frankfurt am Main) and Anglo-Deutsche Bank (Hamburg) with an initial capital of 8 million Thalers (24 million Marks) and 30 employees in Wilsdruffer Strasse in Dresden. From 1872 until his retirement in 1920, (1840-1925) was chairman of the board. In the 1870s, the Dresdner Bank acquired smaller regional institutes and several banks. The new branch in Berlin quickly exceeded the office in Dresden; therefore, the registered office moved to Be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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