The latest news from the Allianz Group as well as images for use by the media
Mar 10, 2020
Allianz strengthens its Alternatives capabilities
Allianz announced its intention to combine the strengths of PIMCO, one of the world’s premier fixed income investment managers, and Allianz Real Estate, the captive real estate specialist with more than 70 billion euros of assets under management. This organic move is proposed to strengthen its Alternatives capability by creating one of the world’s most preeminent real estate managers.
Allianz reports 11.9 bn euros operating profit in 2019 – the fifth consecutive increase
Allianz Group achieved outstanding results in revenues, operating profit and net income in 2019 despite a further decline in interest rates. Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 5.9 percent, driven by all business segments.
Change to the Allianz SE Board of Management: Klaus-Peter Röhler succeeds Axel Theis
Axel Theis, Member of the Board of Allianz SE responsible for insurance in German-speaking countries and Central and Eastern Europe, retires at his own request on March 31, 2020. Klaus-Peter Röhler has been appointed by the Supervisory Board as his successor effective April 1, 2020.
At its December meeting the European Central Bank (ECB) announced that it would be extending its bond purchasing program until at least the end of 2017. From April next year the monthly purchase volume is to be reduced to EUR 60bn from EUR 80bn at present. All told, this boosts the QE program by EUR 540bn to EUR 2.28 trillion. Should inflation remain below expectations in the coming months, the ECB has kept its options open to up the monthly purchase volume as well as extend the time horizon.
Claus Stickler and Andreas Gruber will co-lead AIM as Managing Directors. The new management set-up for AIM is to integrate even more tightly all functions and international locations, to strengthen project work and global teams
Allianz has successfully concluded the sale of Allianz Life Insurance Korea to Anbang Group Holdings. The transaction, announced in April, followed an extensive review by Allianz to secure long-term growth for Allianz Life Insurance Korea
Allianz is co-financing a pan-European property portfolio facility that was arranged and underwritten by Aareal Bank AG. Allianz’s share in this financing, which totals €610 million, amounts to €366 million and is granted for a 10-year term
Allianz will be the new insurance partner of HypoVereinsbank (UniCredit Bank AG) from January 1, 2018. From 2018, retail and corporate customers of HypoVereinsbank will be able to benefit from the broad range of products and services from Allianz
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