GT Motive is a leading technology and data-driven automotive claims solutions provider active in 28 countries Demand for services growing as vehicle component complexity increases and total vehicle market expands GT Motive is Allianz X’s third majority investment and joins a portfolio of over 25 companies
Allianz Group has followed up its excellent start into 2021 with another strong performance in the second quarter of the year. With its diversified business portfolio, the Group benefited from the global economic recovery with strong growth in total revenues and operating profit; net income attributable to shareholders also improved compared to the second quarter of the previous year.
Allianz SE has resolved on a new share buy-back program. The volume of such new program will amount to up to 750 million euros. The program shall start in August 2021 and be finalized by December 31, 2021, at the latest. Allianz SE will cancel all repurchased shares.
Allianz X, the digital investment unit of the Allianz Group, is investing into Mobility Trader Holding GmbH, the parent company of heycar, an international digital platform for quality used car sales. Allianz Partners, a leading company in B2B2C insurance and assistance services, will become the insurance partner of heycar for the next five years in all existing and future markets.
Allianz Australia announced the completion of the transaction to acquire Westpac’s general insurance business, and commenced a 20-year exclusive agreement to distribute general insurance products to Westpac customers.
Allianz and American Tower Corporation (NYSE: AMT) announced that Allianz Capital Partners on behalf of Allianz insurance companies (“Allianz”) and the Allianz European Infrastructure Fund will acquire a 10 percent stake in ATC Europe, joining Caisse de dépôt et placement du Québec (CDPQ) in a long-term strategic partnership with American Tower.
Allianz has had an excellent start into 2021 and continued to successfully navigate the impact of the ongoing pandemic. The group saw a strong performance across all its business segments, with a marked rebound in profitability in its Property-Casualty, as well as in its Life/Health business segment.
Allianz, one of the world’s leading insurers and asset managers has become the majority shareholder in Jubilee General Insurance Limited in Kenya. This follows the acquisition of a 66 percent stake in the company, representing 1,522,622 ordinary shares, from Jubilee Holdings Limited (JHL), East Africa’s largest insurance group who are retaining a 34 percent shareholding in the company.
Allianz and Monument Re have completed the sale of part of Allianz’s closed life book portfolio in Belgium. The transaction has been approved by the Belgian regulator with effective date April 1, 2021 and follows the announcement released in August 2020: Allianz Benelux and Monument Re announce closed book portfolio transaction.
