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.

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.