Allianz today announced that it has received approval from the China Banking and Insurance Regulatory Commission (CBIRC) for the preparatory establishment of an insurance holding company in China. The company - Allianz (China) Insurance Holding Company Limited - will be China’s first-ever wholly-owned insurance holding company by a foreign insurer, and will be based in Shanghai.
The Supervisory Board of Allianz SE has decided to extend Oliver Bäte’s contract as Chairman of the Board of Management until September 2024. The original contract was to expire end of September 2019.
In the week of the World Children’s Day, it’s time to acknowledge that children continue to suffer from widespread poverty almost a century after the Declaration of the Rights of the Child was drafted. What is Allianz's contribution to alleviating this problem?
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 (third quarter of 2017: 28.3) billion euros
Allianz Capital Partners on behalf of Allianz insurance companies has closed today the acquisition of the 46 megawatt (MW) Ourika project (“Ourika”) in Portugal. The solar farm is fully operational and has been developed by the WElink Group (“WElink”).
The real estate portfolio of Allianz continued to grow in the first half of 2018. Allianz Real Estate, the real estate investment and asset manager of the Allianz Group, expanded its global presence and continued to diversify across direct and indirect equity and debt asset classes reaching 60.1 billion euros in assets under management at the end of June 2018 (56.4 billion euros at the end of 2017).
PIMCO, one of the world’s premier fixed income investment managers, announces that it has agreed to acquire Gurtin Municipal Bond Management (Gurtin), a specialist municipal bond manager. Combined, PIMCO and Gurtin will manage $38 billion in dedicated municipal bond assets and offer clients a more extensive and enhanced suite of strategies and services, backed by broader muni credit research, enhanced technology and outstanding client service.