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Allianz
Allianz SE ( , ) is a German Multinational corporation, multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. Allianz is the world's largest List of largest insurance companies, insurance company and the largest List of largest financial services companies by revenue, financial services company List of largest companies in Europe by revenue, in Europe. In 2023, the company was ranked 37th in the Forbes Global 2000, ''Forbes'' Global 2000. Also it is a component of the Euro Stoxx 50 stock market index. Its asset management division, which consists of PIMCO and Allianz Global Investors, 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. Allianz was a major supporter of the Nazi movement and was an insurer of the Auschwitz concentration camp. History Foundation ''Alli ... [...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 Financial market impact of the COVID-19 pandemic, 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 1974 under the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allianz Life
Allianz Life is an American life insurance company owned by German global financial services group Allianz. The company provides services in all states except for New York, where annuities and life insurance products are offered by Allianz Life Insurance Company of New York. 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 M. Little of Minneapolis, Minnesota in 1896. In 1912, North American Casualty merged with North American Life Association – founded in 1905 by Zeke H. Austin with capital f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allianz Trade
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. It monitors the financial health of over 80 million companies. It is a subsidiary of Allianz SE. It is rated AA by Standard and Poor's. 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 the United Kingdom * 1927: SFAC in France and SIAC in Italy * 1929: COBAC in Belgium Birth of Euler Hermes SFAC acquired COBAC in 1993, followed by Trade Indemnity in 1996, and ACI a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Diekmann
Michael Diekmann (born December 23, 1954) is a German manager who was the CEO of Allianz in from 2003 to 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 leadership, the insur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 transferred to Bajaj Finserv Limited (BFL) 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), the general insurance business (Bajaj General Insurance), and the mutual fund business (Bajaj Finserv Mutual Funds). Bajaj Holdings and Investments Limited (BHIL) came into existence when the original company separated its auto and finance assets. This new entity, BHIL is the parent company which holds 39.29% stake in Bajaj Finserv and now holds surplus cash and investments with the purpose of providing financial support ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oliver Bäte
Oliver Bäte (born 1 March 1965) is a German business executive who has been the CEO of Allianz 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, 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 resources. In his role at Allianz, Bäte ... [...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 y ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Munich
Munich is the capital and most populous city of Bavaria, Germany. As of 30 November 2024, its population was 1,604,384, making it the third-largest city in Germany after Berlin and Hamburg. Munich is the largest city in Germany that is not a state of its own. It ranks as the 11th-largest city in the European Union. The metropolitan area has around 3 million inhabitants, and the broader Munich Metropolitan Region is home to about 6.2 million people. It is the List of EU metropolitan regions by GDP#2021 ranking of top four German metropolitan regions, third largest metropolitan region by GDP in the European Union. Munich is located on the river Isar north of the Alps. It is the seat of the Upper Bavaria, Upper Bavarian administrative region. With 4,500 people per km2, Munich is Germany's most densely populated municipality. It is also the second-largest city in the Bavarian language, Bavarian dialect area after Vienna. The first record of Munich dates to 1158. The city ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PIMCO
Pacific Investment Management Company LLC (PIMCO) is an American investment management firm. While it has a specific focus on active fixed income management worldwide, it manages investments in many asset classes, including fixed income, share capital, equities and other financial assets across public and private markets. 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, as well as individual investors around the world. According to the Sovereign Wealth Fund Institute, PIMCO is the 6th-largest asset manager in the world by managed Assets under management, AUM. PIMCO's headquarters are in Newport Beach, California, near the Pacific Ocean. The firm has over 3,100 employees working in 22 offices throughout the Americas, Europe, and Asia. PIMCO and Allianz Global Investors manage around Euro, €2.5 trillion of third-party assets. PIMCO ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wilhelm Von Finck
Wilhelm von Finck (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 Wil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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-Klett the German insurance company Munich Re, and in 1890 in Berlin was, with von Finck, co-founder of Allianz AG, a financial services company. Thieme was general director of Munich Re until 1922. Awards * 1914: Merit Order of the Bavarian Crown The Order of Merit of the Bavarian Crown () was an order of merit of the Kingdom of Bavaria established by King Maximilian Joseph I on 19 March 1808. The motto of the order is "Virtus et Honos" ('Courage and Honour'). The order was awarded in s ... References External links MunichRe: Carl von Thieme {{DEFAULTSORT:Thieme, von Carl 19th-century German businesspeople Businesspeople in insurance German company founders German bankers Businesspeople from Erfurt Allianz people ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vehicle Insurance
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for automobile, cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against legal liability, liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against Motor vehicle theft, theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as vandalism, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region. History Widespread use of the motor car began after the First World War in urban areas. Cars were relatively fast and dangerous by that stage, yet there was still no compulsory form of car insurance anywhere in the world. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
