Allianz is pleased to announce that its shares are listed in Italy for the first time. Today’s listing of the Allianz SE share on the MTA International (Mercato Telematico Azionario) is the last step of the merger between RAS Holding S.p.A and the former Allianz AG to create a Societas Europaea, a European company.

"By fully integrating RAS into Allianz, we simplify our operating structures in Europe, and this in turn means that we are better positioned to capture the long term business opportunities in Europe," said Michael Diekmann, CEO of Allianz. "It also demonstrates our clear commitment to Italy, the second largest market for insurance services in Europe, where we see excellent prospects for growth."

"We have made very significant direct investments in the country as well as investments in Italian securities on behalf of our policy-holders running into several tens of billion euros," he added.

"The completion of the merger means that from today, the Allianz Group as a whole becomes more Italian," said Enrico Cucchiani, member of the board of management of Allianz SE with responsibility for Southern Europe, including Italy.

"Shareholders in the former RAS now own nearly six per cent of the shares of the Allianz Group overall. Besides the core EU countries, Allianz is well positioned in the other attractive growth markets in Central and Eastern Europe, Asia Pacific and the Americas; it is also a leading global asset manager. Now former RAS shareholders will benefit directly from this position."

Allianz has been present in Italy for more than thirty years, beginning with Allianz Pace followed by the acquisition of a majority stake in RAS in 1984 and the purchase of Lloyd Adriatico in 1995.

Through its subsidiaries, Allianz is the second largest insurer in the Italian market, with premium income of 14.7 billion euros and seven million customers. In addition, Rasbank, the group’s banking operation, has 480,000 customers. Assets under management for third parties are 19 billion euros.

"The full integration of RAS Holding into the Allianz Group offers excellent opportunities to let Allianz distribute our products, services and know-how to international markets," said Cucchiani. "Meanwhile Allianz will continue to be a partner in Italy’s economy, a significant long-term investor and employer as well as active participant in Italy’s capital markets."

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