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.

Allianz to invest in Czech gas distribution network GasNet

Allianz Capital Partners (ACP) on behalf of Allianz insurance companies has, in a consortium led by Macquarie Infrastructure and Real Assets (MIRA), reached an agreement to purchase a stake in GasNet. MIRA, which currently holds a 49.96 percent stake indirectly in GasNet, has exercised contractual pre-emption rights over the remaining 50.04 percent stake currently owned by RWE.

Allianz and Sri Ayudhya Capital PCL complete expansion of strategic partnership in Thailand

Allianz and Sri Ayudhya Capital PCL have completed the expansion of their strategic partnership in Thailand, ensuring a stronger insurance franchise focused on meeting the diverse and growing protection needs of local customers and enhancing the Allianz proposition in the region.

Allianz X increases fund size to 1 billion euros

Allianz X, the digital investment unit of the Allianz Group, announced today it has received additional investment from Allianz SE, increasing its fund size to 1 billion euros.