As previously announced and following regulatory approval, Allianz has completed the sale and transfer of its United States MidCorp and Entertainment insurance businesses, underwritten via its Fireman’s Fund subsidiaries, to Arch Capital Group Ltd.
Allianz to acquire at least 51 percent of the shares in leading insurer Income Insurance • Acquisition in fast-growing Singapore insurance market would catapult Allianz from the ninth to the 4th largest composite insurer in Asia • Transaction subject to regulatory approval
Allianz Group announced today the completion of the disposal of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), a multiline regional insurance provider based in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange.
Allianz Global Corporate & Specialty SE (‘AGCS’) to sell its Fireman’s Fund insurance businesses in the United States to Arch Insurance North America for total transaction value of $1.4 billion / AGCS will continue to leverage its competitive advantages in the strategically important U.S. insurance market through its Large Corporate and Specialty business as part of its Allianz Commercial strategy
Allianz Global Corporate & Specialty SE (‘AGCS’) to sell its Fireman’s Fund insurance businesses in the United States to Arch Insurance North America for total transaction value of $1.4 billion / AGCS will continue to leverage its competitive advantages in the strategically important U.S. insurance market through its Large Corporate and Specialty business as part of its Allianz Commercial strategy
Allianz S.p.A. announced today that it has completed the acquisition of Tua Assicurazioni S.p.A. from Assicurazioni Generali S.p.A. for a consideration of 280 million euros. The acquisition was initially reported on October 12, 2023.
Investment accelerates AlTi’s strategy to become the leading global independent wealth management platform for the ultra-high-net-worth segment. Investment to be used principally to execute AlTi’s global mergers and acquisitions pipeline and organic growth strategy.
Funding will be used to accelerate NEXT’s path to profitability and expand its market reach / Deal deepens relationship with Allianz, including multi-year reinsurance relationship with Allianz Re / Third investment by Allianz X into U.S. P&C SME insurtech space ahead of the opening of its offices in New York today
Allianz SE has entered into definitive agreements regarding the sale of its 49% stake in CPIC Fund Management Co., Ltd. to Guotai Junan Securities Co., Ltd.
