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.
Allianz has announced that it has agreed to purchase the life and non-life insurance operations, as well as pension and asset management business from Aviva Group and acquire each 51 percent stake in Aviva’s life and non-life bancassurance joint ventures with Santander.
Allianz X, the digital investment unit of Allianz Group, has led the Series C financing round of U.S. insurtech Pie Insurance for a total of $118 million. This is the first time Allianz X has invested in a B2B insurtech in North America.
Allianz X, the digital investment unit of Allianz Group, has announced its participation in Stripe’s latest funding round, which totals $600 million. That puts Stripe at a valuation of $95 billion—something it has achieved since its founding only ten years ago.
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.
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.
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, 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) 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.
