Allianz completes sale transaction of Lebanon operations to Global Gate Capital

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The Allianz Group, one of the world's leading insurers and asset managers, announced today that it had completed a transaction regarding the sale and transfer of its operations in Lebanon to Global Gate Capital (GGC Group), a leading Asset Manager, as the Munich-based group streamlines its operations.

“In GGC Group, we have found a trusted partner for our customers and employees in Lebanon,” says Chris Townsend, Member of the Board of Management of Allianz SE, Global Insurance Lines & Anglo Markets, Iberia & Latin America, Middle East, Africa. 

Allianz Group’s solvency capitalization and cash position are not affected.

Press contact

Anja Rechenberg
Allianz SE

The Allianz Group is one of the world’s leading insurers and asset managers, active in almost 70 countries and serving around 97 million private and corporate customers*. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 764 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 2.0 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2025, over 156,000 employees achieved total business volume of 186.9 billion euros and an operating profit of 17.4 billion euros for the Group.

* Customer count reflects Allianz customers in consolidated entities that are part of the customer reporting scope only.

** As of December 31, 2025.

As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

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