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

Allianz SE | Munich | Oct 01, 2021

  • Acquisition strengthens Allianz’s position in Italy’s P&C market
  • Transaction worth about 330 million euros was announced in March 2021

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Press release

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Allianz Italy

Allianz S.p.A., the Italian holding company of the Allianz Group, announced today that it has successfully closed the transaction to acquire Aviva Italia S.p.A., the Italian property & casualty (P&C) insurance entity of the Aviva Group, from Aviva Italia Holding 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.

The completion of the transaction further strengthens Allianz S.p.A.’s No.3 position in the Italian P&C insurance industry, increasing the company’s market share by approximately one percentage point.

About Allianz S.p.A.

In Italy, Allianz S.p.A. is one of the leading insurers with approximately 4,500 employees serving over 7 million customers through a multichannel distribution model. Allianz already strengthened its presence in Italy in 2014 by acquiring an important property and casualty insurance portfolio and agent network from UnipolSai.

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with around 128 million* private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 776 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.9 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2024, over 156,000 employees achieved total business volume of 179.8 billion euros and an operating profit of 16.0 billion euros for the group.
* Including non-consolidated entities with Allianz customers.
** As of December 31, 2024.

Press contacts

Holger Klotz
Allianz SE
+49 89 3800 90921
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Kirti Pandey
Allianz SE
+49 89 3800 16255
Send email
Carlo Rossanigo
Allianz S.p.A.
+39 02 7216 3310
Send email

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Allianz Investor Relations

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