Allianz completes the acquisition of Tua Assicurazioni in Italy

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.

Upon completion of the transaction, which has already cleared regulatory approvals, Allianz S.p.A.’s P/C market share in Italy is expected to increase by approximately 1 percentage point, consolidating its position as the #3 player in the Italian P/C market. 

Tua Assicurazioni has a profitable Property and Casualty (P/C) insurance portfolio with overall gross written premiums of about 280 million euros in 2022, mainly managed via a distribution network of almost 500 agents.

Thanks to its strong focus on customer centricity and distribution excellence, Allianz will ensure a smooth transition for clients, employees and agents, while maximizing the benefits of its scale.

The Allianz Group is one of the world's leading insurers and asset managers with around 125 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 764 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.8 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 2023, over 157,000 employees achieved total business volume of 161.7 billion euros and an operating profit of 14.7 billion euros for the group.
* Including non-consolidated entities with Allianz customers.
** As of September 30, 2024.
Frank Stoffel
Allianz SE
Fabrizio Tolotti
Allianz SE
Johanna Oltmann
Allianz SE
As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:
Allianz Completes Sale of United States (US) MidCorp and Entertainment Business to Arch

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 become a leader in Singapore insurance market with planned acquisition of majority stake in Income Insurance

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 completes transaction to sell its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC)

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.