Allianz and BBVA to form long-term bancassurance joint venture in Spain

Allianz and Banco Bilbao Vizcaya Argentaria have signed an agreement to create a bancassurance joint venture in Spain including a long-term exclusive distribution agreement for the sale of property-casualty insurance products through BBVA’s banking network in Spain.

Allianz strengthens its Alternatives capabilities

Allianz announced its intention to combine the strengths of PIMCO, one of the world’s premier fixed income investment managers, and Allianz Real Estate, the captive real estate specialist with more than 70 billion euros of assets under management.

Allianz to invest in ControlExpert

Allianz X, the digital investment unit of Allianz Group, in cooperation with Allianz Germany, has entered into binding agreements with General Atlantic and other shareholders of ControlExpert for a majority investment in the company. The transaction is subject to the approval of the relevant antitrust authorities.

Allianz enters JV agreement with AEON Financial Service

Allianz SE has entered into an agreement to form a life insurance joint venture (JV) with AEON Financial Service (AFS) to develop and market life insurance solutions for local customers in Japan.

Allianz completes purchase of LV GIG and General Insurance division of Legal & General

Allianz Holdings plc has completed the planned acquisition of the remaining 51 percent of the LV General Insurance Group (LV GIG) from Liverpool Victoria Friendly Society (LVFS). The total consideration by Allianz for 100 percent of LV GIG will be up to 1.078 billion pounds.

Allianz X and Debeka invest in SDA SE Open Industry Solutions

Allianz X, the digital investment unit of the Allianz Group, and Debeka, a German insurance and financial services provider, have invested in SDA SE Open Industry Solutions. Together with existing investors SIGNAL IDUNA and the msg group, the new strategic partners will support the development of a new standard for setting up and delivering digital services in the insurance industry.

Allianz X invests in Fundbox, the world’s first B2B payment and credit network

Allianz X, the digital investment unit of the Allianz Group, announced today an investment in the US-American B2B platform Fundbox as part of a Series C financing round. Headquartered in San Francisco, Fundbox deploys big data analytics, engineering, and predictive modelling to help small businesses optimize their cash flows with outstanding invoices.

Allianz strengthens its presence in Brazil

Allianz has agreed to acquire automobile and other Property-Casualty operations from SulAmérica. The acquisition will strengthen the competitive position of Allianz Seguros S.A. (Allianz Brasil), making it one of the top 3 insurers with a market share of around 15 percent in motor and 9 percent in Property-Casualty insurance and may establish Allianz as the number 2 in motor insurance.

Allianz X co-leads 99.co’s Series B funding round

Allianz X, the digital investment unit of the Allianz Group, has announced an investment in 99.co, a digital real estate platform and brokerage company. This is Allianz X’s first investment in a Singapore-headquartered company. 99.co helps users and agents in Singapore and Indonesia make informed real-estate decisions by merging geolocation and deep market data.