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Mar 08, 2021

Allianz X invests $75 million in fintech WeLab

Allianz X, the digital investment unit of Allianz, is participating in the Series C financing round of Hong Kong-based fintech WeLab with an investment of $75 million, thus adding another promising company to its existing portfolio of Asian growth companies.

Mar 04, 2021

Allianz to acquire Aviva Italia S.p.A., the Italian P/C entity of Aviva Group

Allianz S.p.A. announced it has agreed to acquire Aviva Italia S.p.A., the Italian P/C entity of Aviva Group, from Aviva Italia Holding S.p.A. for 330 million euros. The portfolio is equally distributed between motor and non-motor business segments with gross written premiums of about 400 million euros.

Feb 19, 2021

Allianz delivers a strong finish to 2020

In the face of an extremely challenging environment in 2020, Allianz demonstrated resilience to an unprecedented health crisis and prolonged low interest rates. The financial performance in the fiscal year 2020 has been remarkably robust across all business segments.

Feb 10, 2021

Allianz X invests 34.5 million euros in Canadian fintech Purpose Financial

Allianz X, the digital investment unit of Allianz, has acquired a stake in the Canadian fintech company Purpose Financial. In a dedicated financing round, Allianz X invested in newly issued shares for the equivalent of 34.5 million euros, making it the second-largest external shareholder.

Feb 05, 2021

Allianz China Life to become wholly-owned subsidiary of Allianz China Insurance Holding

Allianz (China) Insurance Holding Co., Ltd. (AZCH) and CITIC Trust Co., Ltd. (CITIC Trust) have signed an equity transfer agreement for AZCH to acquire 49 percent shares of Allianz China Life Insurance Co., Ltd (AZCL) from CITIC Trust. After the transaction, AZCL will become a wholly-owned subsidiary of AZCH.

Dec 14, 2020

BBVA Allianz Seguros begins operations in Spain

BBVA Allianz Seguros, the bancassurance joint venture between Allianz Seguros and BBVA announced in April of this year, begins its operations in Spain. The new venture combines BBVA's banking expertise and distribution capacity in physical and digital channels with Allianz’s innovative, simple and digital non-life insurance solutions.

Dec 02, 2020

Allianz agrees to purchase Westpac’s General Insurance business

Allianz today announced it has agreed to purchase the general insurance business of Westpac, and enter into a new 20-year exclusive agreement for the distribution of general insurance products to Westpac customers.

Nov 06, 2020

Allianz achieves 2.9 billion euros operating profit in 3Q 2020

After a short period of economic recovery, the recent increase in infection rates has led many governments to intensify containment measures again to limit the spread of COVID-19. As the challenging socio-economic conditions persist, Allianz Group demonstrated its resilience again in the third quarter of 2020 and recorded a solid performance in all business segments nine months into the year.

Oct 29, 2020

Allianz and Telefónica create a partnership to deploy fiber in Germany through an open wholesale company

Allianz and Telefónica have reached an agreement for the creation of a joint venture to deploy Fiber-to-the-Home (FTTH) in Germany. Following closing, Allianz Group and Telefónica Group will each hold 50 percent in the joint venture company under a co-control governance model.

78 releases in total