Allianz Contacts
Search
Allianz Contacts

BBVA Allianz Seguros begins operations in Spain

Allianz SE | Madrid | Dec 14, 2020

  • BBVA Allianz Seguros, the new bancassurance joint venture between Allianz Seguros and Banco Bilbao Vizcaya Argentaria (BBVA) in Spain, begins operating today 
  • The new venture combines BBVA's banking expertise and distribution capacity in physical and digital channels with Allianz’s innovative, simple and digital non-life insurance solutions to the benefit of clients

Downloads

press release

Related links

allianz spain

BBVA Allianz Seguros, the bancassurance joint venture between Allianz Seguros and BBVA announced in April of this year, begins its operations in Spain. The new venture combines BBVA's banking expertise and distribution capacity in physical and digital channels with Allianz’s innovative, simple and digital non-life insurance solutions. 

The venture creates one of the largest non-life bancassurance alliances by coupling two global leaders with common strategic priorities. The new company will offer non-life products (excluding health insurance) exclusively for BBVA’s Spanish clients over the next 15 years.

Miguel Pérez Jaime, currently Managing Director of Bancassurance at Allianz Seguros, has been named Managing Director of BBVA Allianz Seguros.

BBVA Allianz Seguros

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 122 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 714 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.7 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2022, over 159,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group***.
* Including non-consolidated entities with Allianz customers.
** As of June 30, 2023.
*** As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.

About BBVA

BBVA is a customer-centric global financial services group founded in 1857. The Group has a strong leadership position in the Spanish market, is the largest financial institution in Mexico, and has leading franchises in South America and the Sunbelt Region of the United States. It is also the leading shareholder in Turkey’s Garanti BBVA. Its purpose is to bring the age of opportunities to everyone, based on our customers’ real needs: provide the best solutions, helping them make the best financial decisions through an easy and convenient experience. The institution rests on solid values: Customers come first, we think big and we are one team. Its responsible banking model aspires to achieve a more inclusive and sustainable society.

Press contacts

Holger Klotz
Allianz SE
+49 89 3800 90921
Send email
Daniela Markovic
Allianz SE
+49 89 3800 2063
Send email
Laura Gallach Montero
Allianz Spain
+34 93 228 6783
Send email
Sonia Rodriguez Mosquera
Allianz Spain
+34 91 5960 066
Send email

Cautionary note regarding forward-looking statements

As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

Further Information 

ALLIANZ INVESTOR RELATIONS

Related stories

Allianz Australia selected as preferred purchaser of Territory Insurance Office

Jul 10, 2023

Allianz completes sale transaction of Lebanon operations to Global Gate Capital

The transaction is part of an effort by Allianz to streamline its operations.

Oct 05, 2022

Allianz completes acquisition of majority stake in Jubilee’s general insurance business in East Africa

Allianz announces that it has completed the transaction to acquire a majority stake in Jubilee Holdings Limited’s general insurance business in East Africa, namely Kenya, Uganda, Tanzania, Burundi and Mauritius.

Sep 30, 2022

UniCredit and Allianz take further steps to consolidate partnership

UniCredit and Allianz have signed a framework agreement and two share purchase agreements related to their respective footprints in the Republic of Croatia. UniCredit will purchase Allianz’s entire 11.72 percent stake in Zagrebačka banka dioničko društvo (“Zaba”). Allianz will acquire 16.84 percent minority stake held by Zaba in Croatian insurance company Allianz Hrvatska dioničko društvo za osiguranje.

221 releases in total