Allianz completes purchase of LV GIG and General Insurance division of Legal & General

Allianz Holdings plc has completed the planned acquisition of the remaining 51 percent of the LV General Insurance Group (LV GIG) from Liverpool Victoria Friendly Society (LVFS). The total consideration by Allianz for 100 percent of LV GIG will be up to 1.078 billion pounds.

Allianz Global ESG Report: The cost of survival

Successes rarely come without sacrifices. As urgency builds around the topic of climate change, industries will have to transition to more sustainable operations. What will be the overall cost? Allianz Global ESG Report makes some predictions...

Allianz X and Debeka invest in SDA SE Open Industry Solutions

Allianz X, the digital investment unit of the Allianz Group, and Debeka, a German insurance and financial services provider, have invested in SDA SE Open Industry Solutions. Together with existing investors SIGNAL IDUNA and the msg group, the new strategic partners will support the development of a new standard for setting up and delivering digital services in the insurance industry.

Global trade: Is the worst over?

As it gets ready to exit, 2019 might take with it the dubious honor of being the worst year this decade in terms of global trade growth. But despite the U.S.-China saga being far from over, trade growth could tick up next year, predicts Allianz Research in its latest Global Trade Report…

Allianz partners with Microsoft to digitally transform the insurance industry

Allianz SE and Microsoft Corp have announced a strategic partnership focused on digitally transforming the insurance industry, making the insurance process easier while creating a better experience for insurance companies and their customers. Through the strategic partnership, Allianz will move core pieces of its global insurance platform, Allianz Business System (ABS), to Microsoft’s Azure cloud and will open-source parts of the solution’s core to improve and expand capabilities.

AGCS and Allianz Germany announce leadership changes

Allianz Global Corporate & Specialty SE (AGCS) and Allianz Deutschland AG have announced leadership changes that will take effect from December 1, 2019, subject to regulatory approval. Joachim Müller, currently CEO of Allianz Versicherungs-AG and of Allianz Beratungs- und Vertriebs-AG, will be appointed as the new CEO of AGCS.

Allianz receives regulatory approval to commence operation of China’s first fully foreign-owned insurance holding company

Allianz has received the approval from the China Banking and Insurance Regulatory Commission (CBIRC) to commence operation of China’s first fully foreign-owned insurance holding company. With this, Allianz will strengthen its proposition in the country and position the business to capitalize on the fastest growing economy in the world. 

Allianz Global Investors announces leadership changes

Tobias C. Pross, currently Global Head of Distribution, and Deborah Zurkow, currently Global Head of Alternatives, will succeed Andreas Utermann as CEO and Global Head of Investments, respectively. Andreas Utermann will be available to the leadership of the firm on an advisory basis for the first six months of 2020.

Allianz reports strong operating profit of 3.0 bn euros in 3Q 2019. FY operating profit outlook in upper half of target range

Allianz Group closed another successful quarter with a strong business performance. Dynamic revenue development and robust profitability in all business segments are evidence of our strategy execution and support our full-year outlook.