Integrated Financial Service Provider
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, established in 1838 and based in Milan (part of the Allianz Group since 1987), Lloyd Adriatico, established in 1936 and based in Trieste (part of the Allianz Group since 1995) and Allianz Subalpina, established in 1928 and based in Turin (formerly a subsidiary of Ras).
Allianz Bank Financial Advisors (a financial advisors network with a few traditional bank branches) and Allianz Global Investors Italia Sgr (an asset manager) are the main financial arms of the Group in Italy, while insurance company Genialloyd leads in terms of premiums written via the Internet.