Allianz and Monument Re have completed the sale of part of Allianz’s closed life book portfolio in Belgium. The transaction has been approved by the Belgian regulator with effective date April 1, 2021 and follows the announcement released in August 2020: Allianz Benelux and Monument Re announce closed book portfolio transaction.

Recognizing the urgency to tackle climate change, AllianzGI announces its commitment to support the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°C,  by joining the Net Zero Asset Managers initiative. This new commitment comes as AllianzGI is accelerating its sustainable investment drive.

Allianz announced it has agreed to purchase the life and non-life insurance operations, as well as pension and asset management business from Aviva Group and acquire each 51 percent stake in Aviva’s life and non-life bancassurance joint ventures with Santander. On completion, the transaction, worth 2.5 billion euros, is immediately earnings accretive and comprises a purchase price of 2.7 billion euros and a dividend payment of 0.2 billion euros. .