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Nov 17, 2021

Allianz China Life has received regulatory approval to become the first wholly foreign-owned life insurance company in China developed from a JV

Allianz China Life Insurance Co., Ltd. ("Allianz China Life") has received approval from the Shanghai Regulatory Bureau of the China Banking and Insurance Regulatory Commission to transfer the 49% shareholdings owned by CITIC Trust Co., Ltd to Allianz (China) Insurance Holding Co., Ltd. (“Allianz China Holding”). Upon completion, Allianz China Life will become a 100%-owned subsidiary of Allianz China Holding, and the first wholly foreign-owned life insurance company in China developed from a joint venture.

Nov 10, 2021

Allianz posts strong third-quarter 2021 results

For the third consecutive quarter in 2021, the Allianz Group has delivered a strong operating performance across all business segments. This demonstrates that our business model is well-positioned to leverage the opportunities arising from a recovery in the global economic environment and in financial markets. In the first nine months of 2021, the Group has achieved 82 percent of the operating profit target of 12 billion euros for the year, driven by all three business lines.

Nov 09, 2021

Allianz X and CLARK seal deal on finanzen Group, forming one of world’s largest insurtechs

CLARK will integrate Allianz X portfolio company finanzen Group, thereby becoming one of the world’s largest insurtechs. Allianz X will receive cash and equity in CLARK, becoming its largest minority shareholder. Customers and business partners of finanzen Group and CLARK can be confident in the maintenance and strengthening of services.

Oct 25, 2021

Allianz completes acquisition of majority stake in Jubilee Insurance Company of Uganda Limited

Allianz, one of the world’s leading insurers and asset managers, became the majority shareholder in Jubilee Insurance Company of Uganda Limited after completing the transaction to acquire a 66% stake in the company from Jubilee Holdings Limited (JHL), East Africa’s largest insurance group. The stake acquired by Allianz represents 29,700,000 ordinary shares of Jubilee Insurance Company of Uganda. JHL will retain a 34% stake, or 15,300,000 ordinary shares, in the company.

Oct 01, 2021

Allianz completes acquisition of Aviva Italia S.p.A.

The transaction, which is worth about 330 million euros, was announced in March 2021. It involved a portfolio equally distributed between motor and non-motor business segments with gross written premiums of about 400 million euros.

Sep 30, 2021

Allianz Suisse Life and Resolution Re agree on innovative reinsurance solution for legacy portfolio of individual life products

Resolution Re will take over market and insurance risks of legacy portfolio of individual life products Portfolio has reserve volume of around CHF 4 billion Transaction will further strengthen competitiveness and capital position of Allianz Suisse Lebensversicherung

Sep 16, 2021

Allianz X to invest in GT Motive

GT Motive is a leading technology and data-driven automotive claims solutions provider active in 28 countries Demand for services growing as vehicle component complexity increases and total vehicle market expands GT Motive is Allianz X’s third majority investment and joins a portfolio of over 25 companies

Aug 06, 2021

Allianz stays well on course in second quarter 2021

Allianz Group has followed up its excellent start into 2021 with another strong performance in the second quarter of the year. With its diversified business portfolio, the Group benefited from the global economic recovery with strong growth in total revenues and operating profit; net income attributable to shareholders also improved compared to the second quarter of the previous year.

Aug 05, 2021

Allianz SE resolves on new share buy-back program with a volume of up to 750 million euros

Allianz SE has resolved on a new share buy-back program. The volume of such new program will amount to up to 750 million euros. The program shall start in August 2021 and be finalized by December 31, 2021, at the latest. Allianz SE will cancel all repurchased shares.

78 releases in total