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Allianz X invests $75 million in fintech WeLab

Allianz X, the digital investment unit of Allianz, is participating in the Series C financing round of Hong Kong-based fintech WeLab with an investment of $75 million, thus adding another promising company to its existing portfolio of Asian growth companies.

Three questions to Michael Diekmann on CEO compensation

Allianz’s Annual Report 2020 details board members’ remuneration. The base salary, annual bonus, and perquisites are linked to the performance of 2020 and 2019, whereas the Allianz Equity Incentive payouts result from grants related to 2015 and 2014. Supervisory Board Chairman Michael Diekmann answers three questions on the changes in CEO Oliver Bäte’s remuneration.

Allianz to acquire Aviva Italia S.p.A., the Italian P/C entity of Aviva Group

Allianz S.p.A. announced it has agreed to acquire Aviva Italia S.p.A., the Italian P/C entity of Aviva Group, from Aviva Italia Holding S.p.A. for 330 million euros. The portfolio is equally distributed between motor and non-motor business segments with gross written premiums of about 400 million euros.

Allianz Global Corporate & Specialty partners with Google Cloud and Munich Re to provide cyber risk management solution for cloud customers

Allianz Global Corporate & Specialty, the corporate insurer of Allianz SE, and Munich Re have jointly developed a new commercial cyber risk insurance solution called “Cloud Protection +.” This collaboration provides state-of the-art insurance exclusively designed for customers of Google Cloud enrolled in Google’s new “Risk Protection Program.”

Covid effect: Savers embracing risk?

Coronavirus wreaked havoc on economies, jobs and people globally. You’d think risk aversion would rise even among those it left financially unaffected. Au contraire, locked down savers, with few options to spend on, invested in riskier assets such as equities and investment funds, finds Allianz Research...

AllianzGI voting at AGMs shines light on gap in governance standards

Allianz Global Investors, one of the world’s leading active investment managers, has published its annual analysis of how it voted on more than 100,000 shareholder and management proposals in 2020, with figures revealing a continued and stark disparity globally in corporate governance standards.

Allianz delivers a strong finish to 2020

In the face of an extremely challenging environment in 2020, Allianz demonstrated resilience to an unprecedented health crisis and prolonged low interest rates. The financial performance in the fiscal year 2020 has been remarkably robust across all business segments.

Allianz X invests 34.5 million euros in Canadian fintech Purpose Financial

Allianz X, the digital investment unit of Allianz, has acquired a stake in the Canadian fintech company Purpose Financial. In a dedicated financing round, Allianz X invested in newly issued shares for the equivalent of 34.5 million euros, making it the second-largest external shareholder.

Allianz China Life to become wholly-owned subsidiary of Allianz China Insurance Holding

Allianz (China) Insurance Holding Co., Ltd. (AZCH) and CITIC Trust Co., Ltd. (CITIC Trust) have signed an equity transfer agreement for AZCH to acquire 49 percent shares of Allianz China Life Insurance Co., Ltd (AZCL) from CITIC Trust. After the transaction, AZCL will become a wholly-owned subsidiary of AZCH.