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Sanlam and Allianz join forces to create African insurance giant

Sanlam, the largest non-banking financial services company in Africa, and Allianz, one of the world’s leading insurers and asset managers with a century of history in Africa, have agreed to combine their current and future operations across Africa to create the largest Pan-African non-banking financial services entity on the continent.

Allianz Ayudhya Capital PCL (AYUD) to acquire Aetna Thailand, further expanding its presence in the Thai insurance market

Allianz Ayudhya Capital PCL (AYUD) has entered into an agreement to acquire 100% of shares of Aetna Thailand, a prominent player in the Thai health insurance market. The acquisition reaffirms the company’s commitment to further invest and expand its health insurance business to benefit customers in Thailand.

Allianz announces share purchase agreements to acquire 72 percent of European Reliance; Launch of a voluntary tender offer for European Reliance shares outstanding

Allianz SE today announced it is entering into certain Share Purchase Agreements (“SPAs”) to acquire 72 percent of European Reliance General Insurance Company SA (“European Reliance”), a leading Greek insurer with 223 million euros in gross written premiums (GWP), with a network of 110 retail offices and 5,667 agents.

Allianz X leads funding round of London-based fintech OpenGamma

 Allianz X has led a funding round of London-based B2B fintech OpenGamma with a total investment of USD 21 million. In addition to the digital investments unit of Allianz, all existing investors participated in the funding round.

UniCredit and Allianz further strengthen their partnership in Italy and abroad

UniCredit and Allianz have signed a multi-country Framework Agreement (the “Agreement”), setting the basis for enhanced collaboration, benefiting clients of both companies and building on the companies’ longstanding and highly-successful bancassurance partnership since 1996.

Allianz completes reinsurance transaction for $35-bn U.S. fixed index annuity portfolio

Allianz Life announced today that it has completed the reinsurance agreement with affiliates of Sixth Street, including Talcott Resolution Life Insurance Company, and Resolution Life, for a $35-billion fixed index annuity portfolio.

Allianz enters reinsurance agreement with Resolution Life and affiliates of Sixth Street for its U.S. fixed index annuity portfolio; transaction to unlock $4.1 billion in value

Allianz Life reinsures $35 billion of liabilities of fixed index annuity book in one of the largest transactions of its kind. The agreement underscores shared values of flexibility, ability to scale, risk management, and commitment to policyholders. The transaction is expected to improve return on equity and strengthen regulatory capital position for Allianz Group.

Allianz completes acquisition of Aviva’s operations in Poland and Lithuania

Allianz announces today that it has completed the acquisition of the Aviva Group’s operations in Poland and Lithuania. The transaction, announced on March 26 this year, is Allianz’s largest deal globally in a decade.

Allianz China Life has received regulatory approval to become the first wholly foreign-owned life insurance company in China developed from a JV

Allianz China Life Insurance Co., Ltd. ("Allianz China Life") has received approval from the Shanghai Regulatory Bureau of the China Banking and Insurance Regulatory Commission to transfer the 49% shareholdings owned by CITIC Trust Co., Ltd to Allianz (China) Insurance Holding Co., Ltd. (“Allianz China Holding”). Upon completion, Allianz China Life will become a 100%-owned subsidiary of Allianz China Holding, and the first wholly foreign-owned life insurance company in China developed from a joint venture.