Allianz Group completes acquisition of Ensure Insurance in Nigeria
Allianz Group completes acquisition of Ensure Insurance in Nigeria

Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.

Allianz SE resolves on new share buy-back program with a volume of up to 1 billion euros
Allianz SE resolves on new share buy-back program with a volume of up to 1 billion euros

Allianz SE has resolved on a new share buy-back program. The volume of such new program will amount to up to 1 billion euros. The program shall start on July 4, 2018 and be finalized by September 30, 2018. 

Allianz Group acquires 8 percent stake in African Reinsurance Corporation
Allianz Group acquires 8 percent stake in African Reinsurance Corporation

Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).

Allianz builds digital wealth management with Moneyfarm
Allianz builds digital wealth management with Moneyfarm

Allianz Group announced that it is deepening its exposure to digital wealth management through a further investment in Moneyfarm amid rising demand from digitally-native savers and investors. Building on an initial investment from September 2016, the Group’s asset management unit, Allianz Asset Management, will become Moneyfarm’s lead investor and the largest minority shareholder.

Allianz completes sale of part of its life insurance portfolio in Taiwan to China Life
Allianz completes sale of part of its life insurance portfolio in Taiwan to China Life

Allianz today announces that it has completed the sale of part of its traditional life insurance portfolio in Taiwan to China Life Insurance Co. 

Allianz 1Q 2018 financial results
Allianz 1Q results signal good start into 2018, on track to meet targets

Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.

Allianz sells Banco BPI stake to CaixaBank and seeks to deepen cooperation agreement in Portugal
Allianz sells Banco BPI stake to CaixaBank and seeks to deepen cooperation agreement in Portugal

Allianz Group has agreed to sell its stake in Portugal’s Banco BPI to CaixaBank and will work with both to strengthen its cooperation in non-life insurance in Portugal.

Allianz X invests $35 million in leading Southeast Asian mobile platform GO-JEK
Allianz X invests $35 million in leading Southeast Asian mobile platform GO-JEK

Allianz X, the digital investment unit of the Allianz Group, has announced a $35 million investment in GO-JEK, the leading Indonesian ridehailing platform that also offers various consumer on-demand and payment services. This is Allianz X’s first investment in a Southeast Asian-headquartered company and fourth transaction in 2018. Allianz becomes GO-JEK’s sole international insurance shareholder.

Allianz finances African infrastructure projects by investing into Emerging Africa Infrastructure Fund (EAIF)
Allianz finances African infrastructure projects by investing into Emerging Africa Infrastructure Fund (EAIF)

Allianz is providing financing of 75 million euros and $25 million, both over 12 years, as EAIF’s first insurance-investor. The EAIF debt financing is the second Emerging Markets (EM) blended finance transaction within 12 months, run by Allianz Global Investors (AllianzGI) on behalf of Allianz Group investing for their insurance portfolios. This brings the total commitment of Allianz Group to EM blended finance through AllianzGI infrastructure debt platform to over $600 million.