Allianz SE publishes the Information Circular for the voluntary tender offer for European Reliance shares outstanding; initiation of the acceptance period

Allianz had announced in February this year that it had entered into certain Share Purchase Agreements to acquire 72 percent of European Reliance General Insurance Company SA (“European Reliance”). Allianz announces today that it has formally published the Information Circular and is proceeding with the Voluntary Tender Offer (VTO) for the remaining European Reliance shares.

Allianz to sell majority stake in Russian operations to Interholding

The Allianz Group has agreed to sell a majority stake in its Russian operations. The agreement, which follows Allianz’s decision to scale back operations in Russia, is aimed at ensuring continuity for clients and employees.

Sanlam and Allianz join forces to create African insurance giant

Sanlam, the largest non-banking financial services company in Africa, and Allianz, one of the world’s leading insurers and asset managers with a century of history in Africa, have agreed to combine their current and future operations across Africa to create the largest Pan-African non-banking financial services entity on the continent.

Allianz Ayudhya Capital PCL (AYUD) to acquire Aetna Thailand, further expanding its presence in the Thai insurance market

Allianz Ayudhya Capital PCL (AYUD) has entered into an agreement to acquire 100% of shares of Aetna Thailand, a prominent player in the Thai health insurance market. The acquisition reaffirms the company’s commitment to further invest and expand its health insurance business to benefit customers in Thailand.

Allianz announces share purchase agreements to acquire 72 percent of European Reliance; Launch of a voluntary tender offer for European Reliance shares outstanding

Allianz SE today announced it is entering into certain Share Purchase Agreements (“SPAs”) to acquire 72 percent of European Reliance General Insurance Company SA (“European Reliance”), a leading Greek insurer with 223 million euros in gross written premiums (GWP), with a network of 110 retail offices and 5,667 agents.

Allianz X leads funding round of London-based fintech OpenGamma

 Allianz X has led a funding round of London-based B2B fintech OpenGamma with a total investment of USD 21 million. In addition to the digital investments unit of Allianz, all existing investors participated in the funding round.

UniCredit and Allianz further strengthen their partnership in Italy and abroad

UniCredit and Allianz have signed a multi-country Framework Agreement (the “Agreement”), setting the basis for enhanced collaboration, benefiting clients of both companies and building on the companies’ longstanding and highly-successful bancassurance partnership since 1996.

Allianz completes reinsurance transaction for $35-bn U.S. fixed index annuity portfolio

Allianz Life announced today that it has completed the reinsurance agreement with affiliates of Sixth Street, including Talcott Resolution Life Insurance Company, and Resolution Life, for a $35-billion fixed index annuity portfolio.

Allianz enters reinsurance agreement with Resolution Life and affiliates of Sixth Street for its U.S. fixed index annuity portfolio; transaction to unlock $4.1 billion in value

Allianz Life reinsures $35 billion of liabilities of fixed index annuity book in one of the largest transactions of its kind. The agreement underscores shared values of flexibility, ability to scale, risk management, and commitment to policyholders. The transaction is expected to improve return on equity and strengthen regulatory capital position for Allianz Group.