Allianz ( , ) is a German
multinational financial service
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, ...
s company headquartered in
Munich
Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the States of Germany, German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the List of cities in Germany by popu ...
, Germany. Its core businesses are insurance and
asset management
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...
.
The company is one of the world's largest
insurers
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
and
financial services groups. The company is a component of the
Euro Stoxx 50 stock market index
In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance.
Two of the ...
.
Its asset management division, which consists of
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 ...
,
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 ov ...
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
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 Novemb ...
to
Commerzbank
Commerzbank AG () is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet. Founded in 1870 in Hambur ...
in November 2008.
History
Foundation
''Allianz AG'' was founded in
Berlin
Berlin ( , ) is the capital and largest city of Germany by both area and population. Its 3.7 million inhabitants make it the European Union's most populous city, according to population within city limits. One of Germany's sixteen constitue ...
on 5 February 1890 by then-director of the ''Munich Reinsurance Company''
Carl von Thieme
Carl von Thieme (born 30 April 1844, Erfurt – died 10 October 1924, Munich) was a German banker.
His father was the director of German insurance company ''Thuringia''. In 1880, he founded together with Wilhelm von Finck and Theodor von Cramer- ...
(a native of
Erfurt
Erfurt () is the capital and largest city in the Central German state of Thuringia. It is located in the wide valley of the Gera river (progression: ), in the southern part of the Thuringian Basin, north of the Thuringian Forest. It sits i ...
, whose father was the director of the insurance company ''Thuringia'') and
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 work ...
(co-owner of the ''Merck Finck & Co. Bank''). The joint company was listed in Berlin's trade register under the name ''Allianz Versicherungs-Aktiengesellschaft''. The first Allianz products were marine and accident policies first sold only in Germany, however in 1893 Allianz opened its first international branch office in London. It distributed marine insurance coverage to German clientele looking for coverage abroad.
In 1900 the company became the first insurer to obtain a license to distribute corporate policies. In 1904
Paul Von Naher
Paul may refer to:
*Paul (given name), a given name (includes a list of people with that name)
*Paul (surname), a list of people
People
Christianity
*Paul the Apostle (AD c.5–c.64/65), also known as Saul of Tarsus or Saint Paul, early Chris ...
took over the sole leadership of the company, as it moved into the US and other markets. Markets entered by 1914 included the Netherlands, Italy, Belgium, France, the Scandinavian countries and the Baltic States, and Allianz had become the largest maritime insurer in Germany.
The company suffered an early disaster in expansion, when the
1906 San Francisco earthquake
At 05:12 Pacific Standard Time on Wednesday, April 18, 1906, the coast of Northern California was struck by a major earthquake with an estimated moment magnitude of 7.9 and a maximum Mercalli intensity of XI (''Extreme''). High-intensity sha ...
caused the company to sustain 300,000 marks in losses. In 1905 the company acquired "Fides Insurance Company", a firm that had innovated the first form of home invasion insurance. Other places it would expand into during the 1910s and 1920s included
Palestine
__NOTOC__
Palestine may refer to:
* State of Palestine, a state in Western Asia
* Palestine (region), a geographic region in Western Asia
* Palestinian territories, territories occupied by Israel since 1967, namely the West Bank (including East ...
,
Cyprus
Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is geo ...
,
Iraq
Iraq,; ku, عێراق, translit=Êraq officially the Republic of Iraq, '; ku, کۆماری عێراق, translit=Komarî Êraq is a country in Western Asia. It is bordered by Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq ...
,
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
, the
Dutch Indies
The Dutch East Indies, also known as the Netherlands East Indies ( nl, Nederlands(ch)-Indië; ), was a Dutch colony consisting of what is now Indonesia. It was formed from the nationalised trading posts of the Dutch East India Company, which ...
(nowadays
Indonesia
Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...
),
Ceylon
Sri Lanka (, ; si, ශ්රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an ...
(nowadays
Sri Lanka
Sri Lanka (, ; si, ශ්රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an ...
), and
Siam
Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Mainland Southeast Asia, Indochinese Peninsula, spanning , with a population of almost 70 mi ...
(nowadays
Thailand
Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bo ...
).
20th-century developments
In 1905 the company began to offer fire insurance, and in 1911 it began to sell machinery breakdown policies. Allianz remained the only company in the world that sold machine breakdown insurance until 1924. In 1918 it began to offer automobile insurance as well. In 1921 Von Naher died and was succeeded by
Kurt Schmitt
Kurt Paul Schmitt (7 October 1886 – 2 November 1950) was a German jurist versed in economic matters. A supporter of the Nazis since 1930, he joined the Nazi party in 1933, becoming also an honorary SS. He presided over Allianz insurance compa ...
. The company would begin to offer life insurance as of 1922, becoming Europe's largest offerer of the policies by the end of the 1920s.
In 1927 Allianz merged with Stuttgarter Verein Versicherung AG and
two years later acquired the insurance businesses of Favag, a large German insurer that declared bankruptcy due to the onset of the Great Depression. Expansion of the company then slowed until 1938 at which point it employed more than 24,000 people. Christian Stadler wrote of the history of Allianz that it "shows how important it is to diversify into related areas to hedge against the risk of fundamental changes in markets and economies".
Allianz was a major supporter of the
Nazi
Nazism ( ; german: Nazismus), the common name in English for National Socialism (german: Nationalsozialismus, ), is the far-right totalitarian political ideology and practices associated with Adolf Hitler and the Nazi Party (NSDAP) in ...
movement, Hitler's first cabinet included the head of Allianz as a cabinet member. On June 30, 1933, Kurt Schmitt, Allianz Director-General, was appointed Economics Ministers for the
Third Reich
Nazi Germany (lit. "National Socialist State"), ' (lit. "Nazi State") for short; also ' (lit. "National Socialist Germany") (officially known as the German Reich from 1933 until 1943, and the Greater German Reich from 1943 to 1945) was ...
under
Adolf Hitler
Adolf Hitler (; 20 April 188930 April 1945) was an Austrian-born German politician who was dictator of Nazi Germany, Germany from 1933 until Death of Adolf Hitler, his death in 1945. Adolf Hitler's rise to power, He rose to power as the le ...
.
During World War II the Berlin headquarters of Allianz were destroyed by Allied bombing runs.
Following the end of the war in 1945, Hans Heß became head of the company, and Allianz shifted its headquarters to
Munich
Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the States of Germany, German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the List of cities in Germany by popu ...
in 1949 due to the split between East and West Germany. Heß only held the position until 1948, when he was replaced by Hans Goudefroy. After World War II, global business activities were gradually resumed. Allianz opened an office in Paris in 1959, and started repurchasing stakes in former subsidiaries in Italy and Austria. In 1971 Wolfgang Schieren became the head of the company.
These expansions were followed in the 1970s by the establishment of business in the United Kingdom, the Netherlands, Spain, Brazil and the United States. In 1986, Allianz acquired
Cornhill Insurance
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 ...
PLC, London, and the purchase of a stake in Riunione Adriatica di Sicurità (RAS),
Milan
Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city h ...
, strengthened its presence in Western and Southern Europe in the 1980s.
In 1990, Allianz started an expansion into eight Eastern European countries with establishing a presence in Hungary. In the same decade, Allianz also acquired
Fireman's Fund
Fireman's Fund Insurance Company was an insurance company based in Petaluma, California which provided personal and commercial property and casualty insurance products in the United States.
The company was a principal U.S. subsidiary of Allianz, ...
, an insurer in the United States, which was followed by the purchase of
Assurances Générales de France
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 ...
(AGF), Paris. These acquisitions were followed by the expansion into Asia with several joint ventures and
acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...
in China and South Korea and the acquisition of Australia's
Manufacturers Mutual Insurance
The Manufacturers' Mutual Accident Insurance Association Limited was an Australian insurance company founded in 1914 primarily targeting the Workers' Compensation market. It was renamed Manufacturers Mutual Insurance, abbreviated MMI in 1920.{{cit ...
. Around this time Allianz expanded its
asset management
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...
business as well by purchasing for example asset management companies in California.
In 1999, Allianz purchased investment management firm
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 ...
.
21st-century developments
![Hh-globushaus-Allianzlogo](https://upload.wikimedia.org/wikipedia/commons/8/8f/Hh-globushaus-Allianzlogo.jpg)
In April 2001, Allianz agreed to acquire the 80 per cent of
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 Novemb ...
that it did not already own for US$20 billion. As part of the transaction, Allianz agreed to sell its 13.5 per cent stake in
HypoVereinsbank
UniCredit Bank AG, better known under its brand name HypoVereinsbank (HVB), is the fifth-largest of the German financial institutions, ranked according to its total assets, and the fourth-largest bank in Germany according to the number of its e ...
to
Munich Re
Munich Re Group or Munich Reinsurance Company (german: Münchener Rück; Münchener Rückversicherungs-Gesellschaft) is a German multinational insurance company based in Munich, Germany. It is one of the world's leading reinsurers. ERGO, a Muni ...
, and to acquire Munich Re's 40 per cent stake in
Allianz Leben.
Following completion of the acquisition, Allianz and Dresdner Bank combined their asset management activities by forming
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 ov ...
. In 2002,
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 mo ...
succeeded Henning Schulte-Noelle as CEO of
Allianz AG
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 ...
. In June 2006, Allianz announced the layoff of 7,280 employees, about 4 percent of its worldwide work force at the time, as part of a restructuring program aimed at raising profitability ("Allianz Sustainability P&C and Life"). The reductions comprised 5,000 staff at Allianz insurance operations and 2,480 at Dresdner Bank. In the same month, Allianz announced that its Dresdner Kleinwort Wasserstein investment banking operation would be renamed as simply Dresdner Kleinwort.
In September 2005, Allianz announced that it would convert its holding company into a ''
Societas Europaea
A ''societas Europaea'' (, ; "European society" or "company"; plural: ; abbr. SE) is a public company registered in accordance with the corporate law of the European Union (EU), introduced in 2004 with the Council Regulation on the Statute f ...
'' (SE; Latin: European Company), becoming one of the first major companies to do so. The conversion was made in conjunction with Allianz's acquisition of 100 per cent control of its principal Italian subsidiary
Riunione Adriatica di Sicurtà (RAS) for around US$7 billion. The conversion to an SE was completed on 13 October 2006.
The Allianz Group also simplified its brand strategy from 2006 and their previous emblem was replaced by the current combination mark. By 2008 the company was Europe's largest insurer.
In 2007 it was a founder member of the
Hedge Fund Standards Board
The Standards Board for Alternative Investments (SBAI), formerly known as the Hedge Fund Standards Board, is an international standard-setting body for the alternative investment industry and sets the voluntary standard of best practices and prac ...
which sets a voluntary code of standards of best practice endorsed by its members.
On 31 August 2008, it was announced that Allianz had agreed to sell 60.2 per cent of Dresdner Bank to
Commerzbank
Commerzbank AG () is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet. Founded in 1870 in Hambur ...
for €9.8 billion (US$14.4 billion), with an agreement that Commerzbank would acquire the remainder of Dresdner Bank by the end of 2009. After renegotiations, it was announced in November 2008 that
Commerzbank
Commerzbank AG () is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet. Founded in 1870 in Hambur ...
would acquire the 100% ownership of
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 Novemb ...
earlier (12 January 2009). The sale price was lowered to 5.5 billion Euro. Shortly after the transaction completed, Commerzbank was partially nationalized by the German government to save it from bankruptcy. Allianz currently retains a stake of around 14% in Commerzbank.
Allianz X founded in 2013 and headed by Nazim Cetin is Allianz Tech Investment Fund with one billion Euros in size.
In August 2015, a consortium led by Allianz acquired German motorway service station group
Tank & Rast for an undisclosed sum believed to be in the region of €3.5 billion.
In April 2018, TH Real Estate and Allianz partnered to provide £100m in debt finance to developers
YardNine, for the development of 80 Fenchurch Street, a 240,000 sq ft office development in London.
In October 2020, Allianz was named the world's top insurance brand by the Interbrand's Best Global Brands Ranking.
On August 1, 2021 Allianz disclosed that the
United States Department of Justice
The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United State ...
had launched a probe into Allianz to determine the role that executives had played in the loss of billions of euros from Allianz Global's Structured Alpha Funds. In September 2021, the German
Federal Financial Supervisory Authority
The Federal Financial Supervisory Authority (german: Bundesanstalt für Finanzdienstleistungsaufsicht, Bundesanstalt für Finanzdienstleistungsaufsicht) better known by its abbreviation BaFin is the financial regulatory authority for Germany. It ...
launched its own probe. On September 30, 2021, it was reported that asset management chief
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. ...
would step down as part of a shake up that followed the investigations into the losses
On 17 May 2022, Allianz SE has agreed to pay $6 billion in U.S fraud case due to the collapse of its Structured Alpha funds during COVID-19 pandemic.
Finances
, Allianz is the world's largest insurance company with US$1.14 trillion in assets according to Forbes. For the fiscal year 2021, Allianz reported earnings of €7.1 billion, with an annual revenue of €148.5 billion, an increase of 5.7% over the previous fiscal cycle.
Operations
Allianz has operations in over 70 countries and has around 150,000 employees. The parent company, Allianz SE, is headquartered in Munich, Germany. Allianz has more than 100 million customers worldwide and its services include property and casualty insurance, life and health insurance and asset management.
In 2013 it was number 25 on the global Forbes 2000 list.
Australia
Tracing its roots back to 1914, ''Allianz Australia Insurance Limited'' operates throughout Australia and New Zealand and through its subsidiaries offers a range of insurance and risk management products and services. Subsidiaries of Allianz Australia include Club Marine, Allianz Life and Hunter Premium Funding. In 2012, Allianz Australia announced a multi-year agreement with the
SCG Trust
The Sydney Cricket and Sports Ground Trust (popularly known as the Sydney Cricket Ground Trust or SCG Trust) was an agency of the Government of New South Wales that operated the Sydney Cricket Ground and Sydney Football Stadium in Sydney, New So ...
to rename the Sydney Football Stadium to
Allianz Stadium.
Belgium
Allianz operates through Allianz Belgium, previously AGF Belgium which has been re-branded to Allianz Belgium in November 2007.
In 2012, Allianz Belgium (including Luxembourg) and Allianz Netherlands were integrated to become Allianz Benelux and in August 2020, they announced the selling of its closed classical life insurance retail insurance book with
covering assets such as mortgages to Monument Re.
Bulgaria
![Allianz Bulgaria headquarters](https://upload.wikimedia.org/wikipedia/commons/3/39/Allianz_Bulgaria_headquarters.JPG)
Allianz Bank Bulgaria is a universal commercial bank having its headquarters in Sofia. It was established in 1991. On 13 October 2003 the bank received the name of its principal shareholder – Allianz Bulgaria Holding. Before that the bank was named 'Bulgaria Invest' Commercial Bank. Allianz Bank Bulgaria offers its products in more than hundred branches and offices all over the country, as well as through the broad agents' network of Allianz Bulgaria Holding. The bank possesses a full banking license for carrying out banking and financial transactions.
Canada
Allianz entered the Canadian market in the early 1990s through an acquisition of several North American insurers, namely the
American Firemans Fund and the
Canadian Surety
Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of ...
. Upon the market exit the personal and commercial lines unit was sold off to the market leader
ING Canada
Ing, ING or ing may refer to:
Art and media
* ''...ing'', a 2003 Korean film
* i.n.g, a Taiwanese girl group
* The Ing, a race of dark creatures in the 2004 video game ''Metroid Prime 2: Echoes''
* "Ing", the first song on The Roches' 1992 al ...
(Now
Intact
Intact can refer to:
* An entire building, generally in good condition not dilapidated or ruins
*Intact (group of companies), a Romanian media trust
*''Intact'' (album) and "Intact" (song) by Ned's Atomic Dustbin
*''Intacto'', a film
*Entire (anima ...
), and
Allianz Canada continues operations in
Cambridge, Ontario
Cambridge is a city in the Regional Municipality of Waterloo, Ontario, Canada, located at the confluence of the Grand River (Ontario), Grand and Speed River, Speed rivers. The city had a population of 138,479 as of the 2021 Canadian census, 202 ...
. Allianz Canada has also merged with
TIC Travel Insurance
A tic is a sudden, repetitive, nonrhythmic motor movement or vocalization involving discrete muscle groups.American Psychiatric Association (2000)DSM-IV-TR: Tourette's Disorder.''Diagnostic and Statistical Manual of Mental Disorders'', 4th ed., ...
in 2014 and has become one of the largest insurance companies in Canada as a result.
China
In January 2021, the
China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission (CBIRC) is an agency of the People's Republic of China (PRC) authorised by the State Council to
* Supervise the establishment and ongoing business activities of banking and insurance instituti ...
authorized the Allianz group to establish Allianz Insurance Asset Management, owned by Allianz China Iamc and based in
Beijing
}
Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...
. The next month, Allianz agreed with
CITIC Trust
CITIC Trust Co., Ltd. is a Chinese investment management company, with license to create private equity fund (as trust). The company was a subsidiary of CITIC Group. However, after a reverse takeover, CITIC Limited () became the parent company for ...
the acquisition of the 49% minority stake of Allianz China Life Insurance Co, realizing the "China’s first wholly foreign-owned insurance asset management company".
Colombia
Allianz acquired in 1999 60% of the shares of Colombian insurer Colseguros, 3 years later in 2002 it increases its shareholding, becoming the sole owner of this company in Colombia. After almost 10 years in 2012 and with an evolutionary change of brand Colseguros dies as an official name and the entire operation of Colombia is consolidated under the name of Allianz.
Finland
In 2017, Allianz alongside
Macquarie Group
Macquarie Group Limited () is an Australian global financial services group. Headquartered and listed in Australia (), Macquarie employs more than 17,000 staff in 33 markets, is the world's largest infrastructure asset manager and Australia' ...
and Valtion Eläkerahasto acquired
Elenia
Elenia is a Finland, Finnish distributor of electrical energy with 430,000 customers. It covers more than 100 municipalities in Tavastia Proper, Tavastia, Pirkanmaa, Keski-Suomi, Southern Ostrobothnia and Central Ostrobothnia.
References
...
taking ownership of Finland's second largest power distribution system operator and ninth largest district heating network.
Germany
![Allianzberlin](https://upload.wikimedia.org/wikipedia/commons/6/60/Allianzberlin.jpg)
Allianz offers a wide range of general, life and health insurance products in Germany through its Allianz Deutschland AG subsidiary. It is the market leader in both the general and
life insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...
markets. Allianz products are distributed principally through a network of full-time tied agents. Since September 2010 Allianz products have also been sold through Commerzbank branches.
Greece
In Greece Allianz began to work on 2 December 1985. Then was established the first Company's Office in Abelokipoi
Athens
Athens ( ; el, Αθήνα, Athína ; grc, Ἀθῆναι, Athênai (pl.) ) is both the capital and largest city of Greece. With a population close to four million, it is also the seventh largest city in the European Union. Athens dominates ...
. Now Allianz has almost 500 Offices in Greece and a lot of people buy the products of the company.
In February 2022, it was announced Allianz had acquired 72% of
European Reliance for €207 million.
India
In India Allianz primarily operates through
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 trans ...
Company &
Bajaj Allianz General 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 trans ...
Company Limited, a joint venture between Allianz and
Bajaj Finserv
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 trans ...
Limited. Bajaj Allianz has around 1,200 branches across India and offers services including unit-linked, traditional, health, child and pension policies.
Indonesia
Allianz started its operations in Indonesia with a representative office in 1981. In 1989, Allianz established PT Asuransi Allianz Utama Indonesia, a general insurance company. Furthermore, Allianz entered the Indonesian life insurance market by opening PT Asuransi Allianz Life Indonesia in 1996.
Ireland
Allianz plc in Ireland employs over 1,700 people. Established in 1902, Allianz plc is active in both the Republic of Ireland and Northern Ireland, providing car, home, pet, boat, and travel products, as well as SME (small to medium enterprise) products including van, business, and schools insurance. Today, Allianz in Ireland insures over half a million customers across the country through its portfolio of personal and commercial insurance products. In 1999, through their acquisition of AGF, Allianz SE acquired AGF Irish Life Holdings plc in Ireland, which at the time owned Insurance Corporation of Ireland and Church and General Insurance. Following their purchase, and despite a minority shareholding by Irish Life, both companies changed their names to Allianz plc, trading simply as Allianz. In 2017, Allianz plc became a wholly owned entity of Allianz SE.
Israel
On 9 April 2019, Allianz started cooperation with
Cynet, a cybersecurity company in the field of threat detection and response to address security threats and improve its resilience.
Italy
![Torre Isozaki Milano](https://upload.wikimedia.org/wikipedia/commons/a/ae/Torre_Isozaki_Milano.jpg)
The Allianz Group in Italy is headed by composite insurance company Allianz SpA and it ranks second in terms of premiums written and fifth in terms of assets under management as well as fourth for financial advisors.
The Italian parent company, Allianz SpA, resulted from the integration, in October 2007, of three former insurance companies: ''RAS'' ("Riunione Adriatica di Sicurtà", Assurance Adriatic Reunion), established in
Trieste
Trieste ( , ; sl, Trst ; german: Triest ) is a city and seaport in northeastern Italy. It is the capital city, and largest city, of the autonomous region of Friuli Venezia Giulia, one of two autonomous regions which are not subdivided into provi ...
in 1838 and based in
Milan
Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city h ...
(part of the Allianz Group since 1987), ''Lloyd Adriatico'', established in 1836 and based in Trieste (part of the Allianz Group since 1995) and ''Allianz Subalpina'', established in 1928 and based in
Turin
Turin ( , Piedmontese language, Piedmontese: ; it, Torino ) is a city and an important business and cultural centre in Northern Italy. It is the capital city of Piedmont and of the Metropolitan City of Turin, and was the first Italian capital ...
(formerly a subsidiary of RAS).
Kenya
On 25 November 2016, Global insurance leader Allianz opened their new office in Kenya. Allianz Kenya's CEO, Demba Sy, officially presented Allianz's new premises, Allianz Plaza from where the company will operate. Their Services include life, health, property, accident and credit insurance for businesses and individuals. Allianz Kenya focuses on accelerating the growth of organic business while seeking to differentiate the service offering with quality service.
Malaysia
Allianz officially started in Malaysia in 2001 when it became the controlling shareholder of Allianz General Insurance Malaysia Berhad ("AGIM"). In 2007, the general insurance business of AGIM was transferred to its wholly owned subsidiary, Allianz General Insurance Company (Malaysia) Berhad ("Allianz General"). Following the completion of the transfer of general insurance business, AGIM changed its name to Allianz Malaysia Berhad ("AMB"). AMB is an investment holding company that has two wholly owned subsidiaries: Allianz Life Insurance Malaysia Berhad ("Allianz Life") and Allianz General.
Mexico
Allianz Mexico started operations in 1987.
Pakistan
In Pakistan Allianz primarily operates through ''EFU Allianz Health Insurance Company Limited'', a joint venture between Allianz and Eastern Federal Union.
Philippines
In 2003, Allianz AG began its operation in the Philippines under the joint venture partnership with Pioneer Life Incorporated which lasted for five years.
Allianz returned its operations in the country in 2016 as a subsidiary group with an exclusive distribution partnership with the
Philippine National Bank
The Philippine National Bank (PNB, Filipino/ tl, Bangko Nasyonal ng Pilipinas, lit=; es, Banco Nacional Filipino; Hokkien ) is one of the largest banks in the Philippines. It was established by the Philippine government on July 22, 1916, durin ...
. They are currently operated under the name of Allianz - PNB Life Insurance Incorporated.
Portugal
In 2018 Allianz, via Allianz Capital Partners, acquired the largest subsidy-free Solar Project in Portugal.
Russia
Allianz started operations in Russia in 1990, with the following acquisition of one of the largest Russian insurance companies ROSNO. In 2018, after the global acquisition of
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 Allian ...
, Allianz presence in Russian Federation was extended by its local Credit Insurance branch - Euler Hermes Russia. In June 2022, Allianz sold a 50.1 percent stake in its Russian operations to Interholding LLC.
Slovakia
![Budova ASP](https://upload.wikimedia.org/wikipedia/commons/7/7b/Budova_ASP.jpg)
Allianz started its life and Property & Casualty (P&C) operation in Slovakia in 1993. In 2001 Allianz AG bought the majority ownership in then state-owned Slovenská poisťovňa (SP, Slovak Insurance Company). Upon the purchase SP held a market share of well over 50%. Upon the purchase the local Allianz operation was merged with SP creating a new company Allianz – Slovenská poisťovňa.
United Kingdom
Allianz acquired British insurance company Cornhill Insurance plc in 1986, subsequently renamed Allianz Cornhill Insurance plc. This then simply became Allianz Insurance plc in April 2000. Allianz purchased
Premierline in 2003, previously owning a 20% stake in the business and then later purchasing the remaining 80% stake in business. Allianz Insurance plc owns
Petplan UK
Petplan is a London-based pet insurance company. Pet Plan Limited is a subsidiary of Allianz Insurance plc, part of the Allianz Global Group. Petplan is the largest pet insurance provider in the UK.
History
Petplan was launched in 1976 by Patsy ...
, the UK pet insurance provider. It also owns the high-net-worth insurance broker Home and Legacy, which it purchased in 2006. Their IT
captive unit
A captive unit is a business unit of a company functioning offshore as an entity of its own while retaining the work and close operational tie ups within the parent company.
Captive unit is one way of establishing presence in cheap labour market ...
in India, ACIS is located at
Technopark, Trivandrum
Technopark is a technology park in Thiruvananthapuram, Kerala, India. Established on 18 November 1990 by the Government of Kerala, under chief minister E K Nayanar, it is one the largest information technology (IT) park in India in terms of ...
in Kerala. Allianz previously owned
Kleinwort Benson
Kleinwort Benson was a leading investment bank that offered a wide range of financial services from offices throughout the United Kingdom and Channel Islands. Two families, the Kleinworts and the Bensons, founded two different merchant banks in L ...
, which it inherited when it acquired
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 Novemb ...
. The investment bank has subsequently been merged with the corporate bank of Dresdner Bank and rebranded as
Dresdner Kleinwort
Kleinwort Hambros is a private bank owned by Société Générale that offers financial services from offices throughout the United Kingdom and Channel Islands. Kleinwort Hambros focuses on private banking, providing a range of services for high ...
.
In 2017, Allianz acquired a stake in the general division of
Liverpool Victoria
Liverpool Victoria, trading since May 2007 as LV=, is one of the United Kingdom's largest insurance companies. It offers a range of insurance and retirement products.
History
The First Hundred Years
The first known meeting of the Society was ...
for a deal worth up to £1bn. The deal had its personal lines go to Liverpool Victoria, creating a joint venture between the two firms, with the latter's commercial lines going to Allianz.
In 2019, Allianz paid a total of £800m to purchase the remaining 51% stake in the general insurance division of
Liverpool Victoria
Liverpool Victoria, trading since May 2007 as LV=, is one of the United Kingdom's largest insurance companies. It offers a range of insurance and retirement products.
History
The First Hundred Years
The first known meeting of the Society was ...
ending the joint venture between the firms as well as taking over the whole of the General Insurance of
L&G.
The deal has concluded with both firms now part of the Allianz group of companies starting on 1 January 2020 with the L&G division being officially renamed Fairmead Insurance.
United States
Allianz has a presence within the United States, including
Allianz Life Insurance Company of North America and Allianz Global Corporate & Specialty (which incorporates
Fireman's Fund
Fireman's Fund Insurance Company was an insurance company based in Petaluma, California which provided personal and commercial property and casualty insurance products in the United States.
The company was a principal U.S. subsidiary of Allianz, ...
). Allianz Life Insurance Company of North America has been ranked among the 100 best companies to work for by ''
Fortune Magazine
''Fortune'' is an American multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The ...
''. Allianz's investment arm includes two asset managers, Pacific Investment Management Company, commonly called
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 ...
, and
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 ov ...
, also referred to as AllianzGI or AGI.
Senior management
CEOs to date
→ all senior management
Sponsorships
![Allianz Arena Pahu](https://upload.wikimedia.org/wikipedia/commons/0/0e/Allianz_Arena_Pahu.jpg)
Allianz provides
naming rights
Naming rights are a financial transaction and form of advertising or memorialization whereby a corporation, person, or other entity purchases the right to name a facility, object, location, program, or event, typically for a defined period of t ...
for the
Allianz Arena
Allianz Arena (; known as Fußball Arena München for UEFA competitions) is a football stadium in Munich, Bavaria, Germany with a 70,000 seating capacity for international matches and 75,000 for domestic matches. Widely known for its exterior ...
, a
football
Football is a family of team sports that involve, to varying degrees, kicking a ball to score a goal. Unqualified, the word ''football'' normally means the form of football that is the most popular where the word is used. Sports commonly c ...
stadium in the north of Munich, Germany. The two professional Munich football clubs
Bayern Munich
Fußball-Club Bayern München e. V. (FCB, ), also known as FC Bayern (), Bayern Munich, or simply Bayern, is a German professional sports club based in Munich, Bavaria. It is best known for its professional men's football team, which pla ...
and
TSV 1860 München
A tab-separated values (TSV) file is a simple text format for storing data in a tabular structure, e.g., a database table or spreadsheet data, and a way of exchanging information between databases. Each record in the table is one line of the text ...
have played their home games at Allianz Arena since the start of the 2005–06 season.
TSV 1860 München
A tab-separated values (TSV) file is a simple text format for storing data in a tabular structure, e.g., a database table or spreadsheet data, and a way of exchanging information between databases. Each record in the table is one line of the text ...
have played their home games at Allianz Arena until the 2016–17 season. Other stadiums associated with Allianz include the
Allianz Parque
Allianz Parque (), also known as Palestra Itália Arena, is a multipurpose stadium in São Paulo, Brazil, built to receive shows, concerts, corporate events, and especially football matches of Palmeiras, the site owner. The stadium has a capac ...
football stadium in
Sao Paulo, Brazil
SAO or Sao may refer to:
Places
* Sao civilisation, in Middle Africa from 6th century BC to 16th century AD
* Sao, a town in Boussé Department, Burkina Faso
* Saco Transportation Center (station code SAO), a train station in Saco, Maine, U.S. ...
, the
Allianz Riviera
Allianz Riviera (also known as the Stade de Nice due to UEFA and FIFA sponsorship regulations) is a multi-use stadium in Nice, France, used mostly for football matches of host OGC Nice and also for occasional home matches of rugby union club To ...
football stadium in
Nice
Nice ( , ; Niçard: , classical norm, or , nonstandard, ; it, Nizza ; lij, Nissa; grc, Νίκαια; la, Nicaea) is the prefecture of the Alpes-Maritimes department in France. The Nice agglomeration extends far beyond the administrative c ...
, France, the
Allianz Stadium football stadium in
Turin, Italy
Turin ( , Piedmontese: ; it, Torino ) is a city and an important business and cultural centre in Northern Italy. It is the capital city of Piedmont and of the Metropolitan City of Turin, and was the first Italian capital from 1861 to 1865. T ...
, the
Allianz Stadion
Allianz Stadion is a football stadium which is built on the site of the former Gerhard Hanappi Stadium as the new home of SK Rapid Wien. In international matches the stadium has the no-commercial name Weststadion. Demolition of the old stadium b ...
football stadium in
Vienna
en, Viennese
, iso_code = AT-9
, registration_plate = W
, postal_code_type = Postal code
, postal_code =
, timezone = CET
, utc_offset = +1
, timezone_DST ...
, Austria and
Allianz Field
Allianz Field is a soccer-specific stadium in Saint Paul, Minnesota, Saint Paul, Minnesota, home to Minnesota United FC of Major League Soccer (MLS). Opening in 2019, the 19,400-seat stadium was designed by Populous (company), Populous, during ...
soccer stadium (for
Minnesota United
Minnesota United FC is an American professional soccer club based in Saint Paul, Minnesota that plays in the Western Conference of Major League Soccer. The club began play in 2017 as the league's 22nd club, and replaced the North American So ...
in
Major League Soccer
Major League Soccer (MLS) is a men's professional soccer league sanctioned by the United States Soccer Federation, which represents the sport's highest level in the United States. The league comprises 29 teams—26 in the U.S. and 3 in Canada ...
) in Minnesota,
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
.
Allianz had been in negotiations with the
New York Jets
The New York Jets are a professional American football team based in the New York metropolitan area. The Jets compete in the National Football League (NFL) as a member club of the league's American Football Conference (AFC) East division. The J ...
and the
Giants
A giant is a being of human appearance, sometimes of prodigious size and strength, common in folklore.
Giant(s) or The Giant(s) may also refer to:
Mythology and religion
*Giants (Greek mythology)
*Jötunn, a Germanic term often translated as 'gi ...
to buy naming rights to the New Meadowlands Stadium (now known as
MetLife Stadium
MetLife Stadium is a multi-purpose stadium at the Meadowlands Sports Complex in East Rutherford, New Jersey, 5 mi (8 km) west of New York City. Opened in 2010 to replace Giants Stadium, it serves as the home for the New York Giants an ...
) in
East Rutherford, New Jersey
East Rutherford is a borough in Bergen County, New Jersey, United States. As of the 2020 U.S. census, the borough's population was 10,022, reflecting an increase of 1,109 (+12.4%) from the 8,913 counted in the 2010 census. , but those talks ended in September 2008, due to opposition from Jewish groups and
Holocaust
The Holocaust, also known as the Shoah, was the genocide of European Jews during World War II. Between 1941 and 1945, Nazi Germany and its collaborators systematically murdered some six million Jews across German-occupied Europe; a ...
survivors.
Allianz owned the Polish football team
Górnik Zabrze
Górnik Zabrze Spółka Akcyjna, commonly referred to as Górnik Zabrze S.A. or simply Górnik Zabrze (), is a Polish football club from Zabrze. Górnik is one of the most successful Polish football clubs in history, winning the second-most Poli ...
but sold its shares in the club in April 2011. Allianz has been involved in Formula One since 2000, firstly as a sponsor of the
AT&T Williams F1 Team, and since 2011 as a sponsor of the Mercedes GP Petronas team. In 2009 Allianz signed an agreement to become the Global Partner of the
St. Andrews Links Trust. In early 2012, Allianz entered an agreement with the Sydney Cricket & Sports Ground Trust which oversaw the Sydney Football Stadium being renamed
Allianz Stadium. 2012 also saw Allianz partner up with
Saracens
file:Erhard Reuwich Sarazenen 1486.png, upright 1.5, Late 15th-century Germany in the Middle Ages, German woodcut depicting Saracens
Saracen ( ) was a term used in the early centuries, both in Greek language, Greek and Latin writings, to refer ...
to be their main shirt sponsor as well as securing an £8m deal for naming rights to their new
Copthall Stadium home which became Allianz Park. This deal was terminated prematurely on 25 October 2020 following the conclusion of the
2019–20 season.
The company has also been the sponsor of others sports, including the
Women's British Open
The Women's Open (originally known as the Women's British Open, and still widely referred to by that name outside the UK) is a women's major golf championships, major championship in Professional golf tours#Women's tours, women's professional go ...
(golf),
Allianz Open de Lyon
The Allianz Open de Lyon was a golf tournament on the Challenge Tour, played near Lyon, France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and ...
(golf),
Allianz Championship
:''There was also a tournament by the same name now called the Principal Charity Classic''
The Boca Raton Championship is a golf tournament on the PGA Tour Champions. Since 2007, it has been played at the Old Course at Broken Sound Club in Boca R ...
(golf),
Allianz Golf Open du Grand Toulouse
The Allianz Golf Open Toulouse Metropole was an annual golf tournament held near Toulouse, France. It was founded in 2000 and became part of the Alps Tour schedule the following year. From 2003 to 2012, it was an event on the Challenge Tour
The ...
(golf),
Allianz Suisse Open Gstaad
The Swiss Open Gstaad (currently sponsored by EFG International and called the EFG Swiss Open Gstaad) is a tennis tournament held in Gstaad, Switzerland. The tournament is played on outdoor clay courts. Between 1971 and 1989 it was an event of th ...
(tennis),
Allianz Cup
The Allianz Cup was a tournament for professional female tennis players. The event, played on outdoor clay courts, was classified as a $25,000 ITF Women's Circuit tournament in its final year and was held in Sofia
Sofia ( ; bg, Софи ...
(tennis),
Allianz Championship
:''There was also a tournament by the same name now called the Principal Charity Classic''
The Boca Raton Championship is a golf tournament on the PGA Tour Champions. Since 2007, it has been played at the Old Course at Broken Sound Club in Boca R ...
(golf),
La Liga
The Campeonato Nacional de Liga de Primera División, commonly known simply as Primera División in Spain, and as La Liga in English-speaking countries and officially as LaLiga Santander for sponsorship reasons, stylized as LaLiga, is the men's ...
(football),
Premier League
The Premier League (legal name: The Football Association Premier League Limited) is the highest level of the men's English football league system. Contested by 20 clubs, it operates on a system of promotion and relegation with the English Foo ...
(football) and
FINA Swimming World Cup
The FINA Swimming World Cup is an international series of short course () swimming meets organized by FINA, the International Federation for swimming. Launched in 1988, the FINA Swimming World Cup gathers world-class swimmers in a series of two-da ...
(swimming), events.
In Ireland, the national Gaelic Football league is officially named the
Allianz National Football League
The National Football League (NFL; ga, Sraith Náisiúnta Peile) is an annual Gaelic football competition between the senior county teams of Ireland plus London. Sponsored by Allianz, it is officially known as the Allianz National Football Leagu ...
.
In Italy, the company is the title sponsor of the main basketball club of
Trieste
Trieste ( , ; sl, Trst ; german: Triest ) is a city and seaport in northeastern Italy. It is the capital city, and largest city, of the autonomous region of Friuli Venezia Giulia, one of two autonomous regions which are not subdivided into provi ...
, officially known
Allianz Pallacanestro Trieste
Pallacanestro Trieste 2004 is an Italian professional basketball club based in Trieste. They play in the Lega Basket Serie A (LBA) since the 2018–19 season. The Allianz Dome serves as the club's home arena.
History
A number of Trieste teams h ...
.
Allianz is also the official worldwide insurance partner of the Olympic Winter Games Beijing 2022, the Olympic Games Paris 2024, the Olympic Winter Games 2026 and the Olympic Games Los Angeles 2028.
Nazi-era activities and litigation
In 1993 Henning Schulte-Noelle commissioned a new Archive for Corporate History, becoming the first Allianz CEO to address the company's activities during the
Third Reich
Nazi Germany (lit. "National Socialist State"), ' (lit. "Nazi State") for short; also ' (lit. "National Socialist Germany") (officially known as the German Reich from 1933 until 1943, and the Greater German Reich from 1943 to 1945) was ...
. In 1997 Schulte-Noelle asked
Gerald Feldman
Gerald Donald Feldman (April 24, 1937 – October 31, 2007) was an American historian who specialized in 20th-century German history. He was Professor of history at the University of California, Berkeley, and received several prizes and honors, in ...
, historian from the
University of California-Berkeley
The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public land-grant research university in Berkeley, California. Established in 1868 as the University of California, it is the state's first land-grant univ ...
, if he would undertake a larger research project on Allianz's past involvement with the Third Reich. After research began, Jewish World War II survivors and their descendants took Allianz and other European insurance companies to court, accusing them of unpaid insurance policies. Allianz and four other insurers supported the creation of the
International Commission on Holocaust Era Insurance Claims
The International Commission on Holocaust Era Insurance Claims (ICHEIC) was established by the National Association of Insurance Commissioners in August 1998 to identify, settle, and pay individual Holocaust era insurance claims at no cost to clai ...
(ICHEIC).
Furthermore, Allianz became a founding member of the German Foundation "Remembrance, Responsibility and Future". Feldman published the comprehensive results of his research in September 2001. Based on these results Allianz established an exhibition in the Archive for Corporate History and on the Internet. The research concluded that Allianz, as an organization and through its corporate officers, voluntarily partnered with the
Nazi
Nazism ( ; german: Nazismus), the common name in English for National Socialism (german: Nationalsozialismus, ), is the far-right totalitarian political ideology and practices associated with Adolf Hitler and the Nazi Party (NSDAP) in ...
Regime and the Third Reich, starting as early as the early 1930s and continuing all the way through to the collapse of the Third Reich.
Feldman summarized his findings stating: "It was just one more piece of business in the Third Reich, but it demonstrated that such pieces on any large scale made contact at some point with all that is represented by the name 'Auschwitz'– from slave labor to extermination – virtually inescapable."
[Gerald D. Feldman: "Allianz and the German Insurance Business, 1933–1945", Cambridge University Press, 2001]
Major General
Major general (abbreviated MG, maj. gen. and similar) is a military rank used in many countries. It is derived from the older rank of sergeant major general. The disappearance of the "sergeant" in the title explains the apparent confusion of a ...
Gustav Lombard
Gustav Lombard (10 April 1895 – 18 September 1992) was a high-ranking member in the SS during World War II. During the war, Lombard commanded 8th SS Cavalry Division Florian Geyer and the 31st SS Volunteer Grenadier Division. He was a recipie ...
, the former commander of the
Waffen-SS
The (, "Armed SS") was the combat branch of the Nazi Party's ''Schutzstaffel'' (SS) organisation. Its formations included men from Nazi Germany, along with Waffen-SS foreign volunteers and conscripts, volunteers and conscripts from both occup ...
’
8th SS Cavalry Division Florian Geyer
The 8th SS Cavalry Division "Florian Geyer" was a German Waffen-SS cavalry division during World War II. It was formed in 1942 from a cadre of the SS Cavalry Brigade which was involved in the ''Bandenbekämpfung'' ("bandit-fighting") operations b ...
, worked for Allianz in
Munich
Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the States of Germany, German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the List of cities in Germany by popu ...
after the war's end.
See also
*
European Financial Services Roundtable
The European Financial Services Round Table (EFR) brings together chairmen and chief executives of leading European banks and insurance companies. The purpose of the EFR is to contribute to the European public policy debate on issues relating to fi ...
*
The Geneva Association
*
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 Allian ...
- an Allianz company
References
External links
*
*
IMAR Insurance
{{Authority control
Banks of Germany
Companies involved in the Holocaust
Companies based in Munich
Financial services companies established in 1890
Companies in the Euro Stoxx 50
Companies listed on the Frankfurt Stock Exchange
German brands
Insurance companies of Germany
Investment management companies of Germany
Multinational companies headquartered in Germany
Travel insurance companies
German companies established in 1890