Arabesque S-Ray partners with Allianz X, Commerz Real, DWS, and Land Hessen

Arabesque S-Ray, a leading global data provider of environmental, social, and governance (ESG) metrics, has announced strategic partnerships with four new co-investors: Allianz X, Commerz Real AG, DWS Group, and Land Hessen. Allianz X led Arabesque’s Series A funding round, with the four shareholders jointly investing $20 million.

Allianz and QUEST Investment Partners acquire Focus Teleport office complex in Berlin through new joint venture

Allianz and QUEST Investment Partners have formed a new 50:50 joint venture to acquire Focus Teleport, a fully leased office complex in central Berlin which will be upgraded over time in line with Allianz Real Estate’s manage to core strategy.

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.

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 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.

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.

Allianz X to acquire Finanzen.de

Allianz X, the digital investment unit of the Allianz Group, announced that it will acquire Finanzen.de, a leading European B2B online marketplace for high-value consumer traffic in the insurance and financial services sectors. Headquartered in Berlin, Finanzen.de uses a proprietary platform to connect lead generators and buyers in real-time.

Allianz reports operating profit of 3 billion euros in 1Q 2019

Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent.

Allianz X co-leads a Series B investment in major African ride hailing platform SafeBoda

Allianz X, the digital investment unit of the Allianz Group, announced an investment in SafeBoda, based in Kampala, Uganda. SafeBoda is a major African ride hailing platform that also offers various on-demand consumer and payment services.