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.

Anja Rechenberg
Allianz SE

Last updated: September 23, 2026

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*. Our customers benefit from a broad range of personal and corporate insurance services, including property, life and health insurance, as well as assistance services, credit and global business insurance. Recognized for the seventh consecutive year as the number one global insurance brand in Interbrand’s Best Global Brands 2025 ranking, Allianz’s success is built on technology-enabled customer centricity – providing peace of mind, protection, and prevention for our customers and strengthening the resilience of individuals, communities, and societies. We are one of the world’s largest investors, managing around 791 billion euros** on behalf of our insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 2.2 trillion euros** of third-party assets. Thanks to our systematic integration of environmental and social criteria in our business processes and investment decisions, Allianz received an MSCI ESG Rating of AAA (as of March 2026). In 2025, our 156,000 dedicated employees achieved a total business volume of 186.9 billion euros and an operating profit of 17.4 billion euros for our shareholders.

* As of December 31, 2025. Customer count reflects Allianz customers in consolidated entities that are part of the customer reporting scope only.

** As of June 30, 2026.

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

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