Richard Lips
Allianz Group
+49.89.3800-5043
Allianz Group: Year in review 2005
Allianz will reposition itself as a European Company together with the Italian insurer RAS; the German insurance business will be consolidated under the holding company Allianz Deutschland AG. A review of 2005 in key words.
| January 26-28, 2005 | Capital market transaction "All-in-one" | Allianz launches a package of capital market transactions called "All-in-one", amounting to 4.3 billion euros; later, the transaction wins a prestigious IFR award |
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| May 4, 2005 | Annual General Meeting raises dividend | The Annual General Meeting votes to increase the dividend of 1.50 to 1.75 euros; the shareholders also agree that the remuneration of the Supervisory Board should be geared to long-term success of the company |
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| May 30-31, 2005 | Allianz Arena opens its gates | The "most beautiful stadium in the world" opens its gates in Munich after just three years of construction |
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| June 3, 2005 | Allianz publishes study on nanotechnology | The Allianz Group and the OECD publish a study on the opportunities and risks of nanotechnology |
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| June 29, 2005 | Allianz and WWF publish report on climate change | The financial industry needs to systematically screen climate change risks, says the report by Allianz Group and WWF |
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| July 2005 | Allianz introduces a new Code of Conduct | The Allianz Group has updated its Code of Conduct which sets minimum standards for all Allianz employees worldwide |
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| August 29, 2005 | Hurricane "Katrina" | Hurricane "Katrina" devastates the US Gulf Coast, particularly flooding New Orleans; Allianz stays on track with its profit targets despite claims of up to 470 million euros and donates over one million US dollars to those in need |
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| September 2005 | ROSNO Ukraine starts insurance operations | Allianz and Sistema, successful joint venture partners in Russia, extend their partnership to the Ukraine |
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| September 5, 2005 | Euler Hermes opens offices in the Baltic states | The world's leading credit insurer now has companies of its own in Latvia, Estonia and Lithuania |
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| September 11, 2005 | Allianz AG to become European Company (SE) | Allianz announces a repositioning in Europe: RAS will merge with Allianz, Allianz AG will be converted into a European Company (SE), and the insurance activities in Germany will be consolidated |
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| September 30, 2005 | Dresdner Bank closes IRU | The Institutional Restructuring Unit (IRU) of Dresdner Bank, which bundled the bank's non-strategic assets, has fulfilled its mission; the IRU completed its tasks in less than three years compared to the planned five to six years |
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| October 4, 2005 | Dresdner Bank strengthens presence in Poland | Dresdner Bank is the first German bank to open a branch in Warsaw |
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| October 30, 005 | Ceremonial consecration of Dresden's Frauenkirche | The famous baroque church, destroyed in 1945, was rebuilt faster than planned; Dresdner Bank raised more than half of the 130 million euro costs via its "donor certificates campaign" and itself contributed more than seven million euros |
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| November 9, 2005 | Euler Hermes strengthens its position in India | The credit insurer strengthens its cooperation with Bajaj Allianz |
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| November 11, 2005 | Mondial Assistance to form joint venture in Japan | Millea Holdings and Mondial Assistance form a joint venture company for the Japanese market |
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| November 16, 2005 | Allianz "Life aims" study | Allianz has assigned GfK to examine people's life aims and satisfaction with life in Germany, France, Italy and Spain; the study finds major discrepancies in the area of future and old age provision |
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| November 22, 2005 | Allianz launches Alternative Assets Holding | Allianz forms a new Alternative Assets holding company to coordinate and expand this asset class |
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| November 24, 2005 | Dresdner Bank reorganizes itself for the long term | Corporate Banking and Dresdner Kleinwort Wasserstein will be bundled in a single organizational unit, the new Corporate & Investment Banking division; there will also be new responsibilities for the Private Clients and Business Customers divisions |
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| November 24, 2005 | Allianz Global Investors Europe founded | Allianz Global Investors creates a formal structure for its European operations outside Germany |
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| December 4, 2005 | Banking year a success | The Allianz agents in Germany have achieved their goal of acquiring 300,000 new customers for banking products |
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| December 12, 2005 | First Allianz wind farm investment | The Allianz Group is making its first investment in a large wind farm project in Sicily, Italy, five months after announcing a stronger focus on renewable energies |
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