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Allianz to acquire Aviva Italia S.p.A., the Italian P/C entity of Aviva Group

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Allianz S.p.A. today announced it has agreed to acquire Aviva Italia S.p.A., the Italian P/C entity of Aviva Group, from Aviva Italia Holding S.p.A. for 330 million euros. The portfolio is equally distributed between motor and non-motor business segments with gross written premiums of about 400 million euros.

The transaction is subject to regulatory approvals, expected within the second half of 2021. On completion, Allianz S.p.A.’s P/C market share in Italy is expected to increase by approximately 1 percentage point, consolidating its position as #3 player in the Italian P/C market. 

In total, almost 500 agents together with their client base will join Allianz, as well as the related employees of Aviva Italy, who will play an important role by bringing their service expertise and client knowledge to Allianz. With its strong focus on customer satisfaction and distribution excellence, Allianz is committed to ensure a smooth transition for both clients and agents. The similarity of the business models combined with strong investments in technological innovation by Allianz in the recent years are key elements to drive the effective integration and joint growth.

Giacomo Campora, CEO Allianz S.p.A., commented: "The acquisition of Aviva Italia S.p.A. perfectly fits with our strategy of growth in the insurance market, based on a solid technological platform and on continuous investments to offer our customers and agents products and services of an outstanding quality." 

About Allianz S.p.A.

In Italy, Allianz S.p.A. is one of the leading insurers with approximately 4,500 employees serving over 7 million customers through a multichannel distribution model. Allianz already strengthened its presence in Italy in 2014 by acquiring an important property and casualty insurance portfolio and agent network from UnipolSai.

The Allianz Group is one of the world's leading insurers and asset managers with more than 100 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 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 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 amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

*Including non-consolidated entities with Allianz customers.

Press contacts

Holger Klotz
Allianz SE
Aurika von Nauman
Allianz SE
Carlo Rossanigo
Allianz S.p.A.
Francesca Douglas Flaminio
Allianz S.p.A.
As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

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