Allianz and LV= complete joint venture and strategic partnership

Allianz Group and Liverpool Victoria Friendly Society (LV=) have completed the first stage in the creation of their joint venture and strategic partnership through the planned sale of 49 percent stake in LV=’s UK General Insurance businesses (LV=GI) to Allianz Group.

dieter wemmer
Why Buy(back)?

Allianz will lay out 2 billion euros for share buybacks next year on top of a 3-billion-euro plan announced last February. Outgoing Chief Financial Officer Dieter Wemmer explains the rationale...

Allianz X invests $96.6 million in leading digital microinsurer BIMA
Allianz X invests $96.6 million in leading digital microinsurer BIMA

Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America. Allianz becomes BIMA’s sole insurance shareholder and the largest strategic shareholder overall.

Allianz, Macquarie Infrastructure and Real Assets and Valtion Eläkerahasto to acquire Elenia
Allianz, Macquarie Infrastructure and Real Assets and Valtion Eläkerahasto to acquire Elenia

A consortium comprising Allianz Capital Partners (ACP) on behalf of the Allianz Group, Macquarie Infrastructure and Real Assets (MIRA) and Valtion Eläkerahasto (VER), the State Pension Fund of Finland, has signed an agreement to acquire Elenia Oy, Finland’s second largest distribution system operator and Elenia Lämpö Oy, Finland’s ninth largest district heating network (together ‘Elenia’).

Allianz announces its intention to file an Offer for Euler Hermes
Allianz announces its intention to file an Offer for Euler Hermes

Allianz announces having entered into share purchase agreements with shareholders representing 11.34% of Euler Hermes share capital on November 24, 2017 for a price of 122 euros per share in cash, as a result of which Allianz will own 74.34% of Euler Hermes share capital and voting rights.

Allianz SE resolves on further share buy-back program with a volume of up to 2 billion euros
Allianz SE resolves on further share buy-back program with a volume of up to 2 billion euros

Allianz SE has resolved on a further share buy-back program as the current share buy-back program of up to 3 billion euros decided on February 16, 2017 is drawing to a close. The volume of such further program will amount to up to 2 billion euros. The program shall start beginning of 2018 and be executed in the first six months of 2018. 

Allianz reports 2.5 billion euros operating profit in 3Q 2017; on track for full-year target
Allianz reports 2.5 billion euros operating profit in 3Q 2017; on track for full-year target

Allianz Group reported good results for the third quarter of 2017 after a series of hurricanes, storms and other natural catastrophes drove claims higher. Total revenues rose 2.1 percent compared to the third quarter of 2016 to 28.3 (third quarter of 2016: 27.7) billion euros, mostly due to another strong performance in the Life and Health business segment. Operating profit declined to 2.5 (3.0) billion euros, largely due to 529 million euros losses from natural catastrophes. 

Allianz to sell part of life insurance portfolio in Taiwan to China Life
Allianz to sell part of life insurance portfolio in Taiwan to China Life

Allianz Taiwan Life Insurance Co. Ltd announces that it has reached an agreement to sell a part of its traditional life insurance portfolio to China Life Insurance Co., headquartered in Taipei, Taiwan. 

Allianz completes sale of Allianz Global Investors Korea to Anbang
Allianz completes sale of Allianz Global Investors Korea to Anbang

Allianz SE, the international financial services company headquartered in Munich, and its asset management subsidiary, Allianz Global Investors, have announced the successful completion of the sale of Allianz Global Investors Korea to Anbang Group Holdings.