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.

Allianz X and CLARK seal deal on finanzen Group, forming one of world’s largest insurtechs

CLARK will integrate Allianz X portfolio company finanzen Group, thereby becoming one of the world’s largest insurtechs. Allianz X will receive cash and equity in CLARK, becoming its largest minority shareholder. Customers and business partners of finanzen Group and CLARK can be confident in the maintenance and strengthening of services.

Allianz completes acquisition of majority stake in Jubilee Insurance Company of Uganda Limited

Allianz, one of the world’s leading insurers and asset managers, became the majority shareholder in Jubilee Insurance Company of Uganda Limited after completing the transaction to acquire a 66% stake in the company from Jubilee Holdings Limited (JHL), East Africa’s largest insurance group. The stake acquired by Allianz represents 29,700,000 ordinary shares of Jubilee Insurance Company of Uganda. JHL will retain a 34% stake, or 15,300,000 ordinary shares, in the company.

Allianz completes acquisition of Aviva Italia S.p.A.

The transaction, which is worth about 330 million euros, was announced in March 2021. It involved a portfolio equally distributed between motor and non-motor business segments with gross written premiums of about 400 million euros.

Allianz Suisse Life and Resolution Re agree on innovative reinsurance solution for legacy portfolio of individual life products

Resolution Re will take over market and insurance risks of legacy portfolio of individual life products Portfolio has reserve volume of around CHF 4 billion Transaction will further strengthen competitiveness and capital position of Allianz Suisse Lebensversicherung

Allianz X to invest in GT Motive

GT Motive is a leading technology and data-driven automotive claims solutions provider active in 28 countries Demand for services growing as vehicle component complexity increases and total vehicle market expands GT Motive is Allianz X’s third majority investment and joins a portfolio of over 25 companies

Allianz invests in quality used car platform heycar and becomes insurance & services partner

Allianz X, the digital investment unit of the Allianz Group, is investing into Mobility Trader Holding GmbH, the parent company of heycar, an international digital platform for quality used car sales. Allianz Partners, a leading company in B2B2C insurance and assistance services, will become the insurance partner of heycar for the next five years in all existing and future markets.

Allianz completes transaction to purchase Westpac’s general insurance business

Allianz Australia announced the completion of the transaction to acquire Westpac’s general insurance business, and commenced a 20-year exclusive agreement to distribute general insurance products to Westpac customers.