Allianz to invest further in Indian toll roads

IndInfravit Trust and SIPL have executed definitive agreements whereby IndInfravit has agreed to purchase the entire equity shareholding of SIPL in nine of SIPL’s operational road projects from SIPL. IndInfravit, sponsored by L&T IDPL, currently holds a portfolio of five operational toll road concessions. Other unitholders include Allianz insurance companies represented by Allianz Capital Partners, CPPIB and OMERS Infrastructure.

Changes to the Board of Management at Allianz SE

Helga Jung, Member of the Board of Allianz SE, will retire on December 31, 2019.  She will leave after 26 years at Allianz and having served as Member of the Board of Management for eight years. Renate Wagner, currently Chief Human Resources Officer at Allianz SE, has been appointed as her successor from January 1, 2020, subject to regulatory approval.

Profile: Renate Wagner

She's dynamic. Expressive, engaging. But never without depth. Her thought processes are arranged in a perfect order. After all, she has studied theoretical mathematics – a subject that seemingly contrasts with her extroverted, vibrant personality if you go by stereotypes.

Resolution of Allianz Popular bancassurance alliance in Spain

Allianz and Banco Santander have reached a settlement agreement under which Allianz will sell its 60 percent stake in Allianz Popular SL to Banco Santander. Banco Santander will pay 936.5 million euros for the acquisition of 60 percent in Allianz Popular SL and for the termination of the exclusive non-life distribution agreement with Allianz’s operating entity in Spain.

Allianz International Ecosystem on Sharing Economy: Care to Share?

The sharing economy is changing the socio-economic landscape as millennials pick purpose over possessions. What’s fueling this trend and how is insurance evolving with it? The Allianz International Ecosystem on Sharing Economy provides some answers...

AGCS shipping review 2019

Large shipping losses are now at their lowest level this century having declined by over 50 percent year-on-year, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2019. The annual study analyzes reported shipping losses over 100 gross tons (GT).

Allianz strengthens its presence in the UK

Allianz UK will acquire 100 percent of Legal & General Insurance Limited, the general insurance business of Legal & General Group Plc for 242 million pounds. Allianz UK will also buy out the remaining 51 percent stake in LV General Insurance Group for up to 578 million pounds from Liverpool Victoria Friendly Society.

Insurance 2029: Outlook & Opportunities

As digitalization changes the insurance landscape, risk prevention, and not risk management, will be key for the industry in the future. What other trends are foreseen for the coming decade? Allianz Research spots a few and provides a 10-year outlook for the industry.

Allianz X and Power Financial Corporation co-invest C$100 million in Wealthsimple

Allianz X, the digital investment unit of the Allianz Group, and Canada-based Power Financial Corporation, a financial management and holding company, announced that they will invest C$100 million in Wealthsimple, a financial technology company that offers Canada's leading online investing service and commission-free trading app.