Allianz
German multinational financial services company
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March 26 2025 | Announcement made that Allianz's life operations in Sri Lanka will be acquired by Softlogic Life Insurance. |
March 19 2025 | Allianz agreed to exit its joint venture in India by selling its 26% stake in Bajaj Allianz to Bajaj Finserv Limited for approximately €2.6 billion. |
March 19 2025 | Allianz announced its participation in a consortium to purchase Viridum Group for €3.5 billion, partnering with BlackRock and T&D Holdings as part of a life insurer consolidation platform. |
February 28 2025 | Allianz Australia and AWP Australia were fined $16.8m by the Commonwealth Director of Public Prosecutions for false and misleading statements, following an ASIC investigation. |
February 18 2025 | Identified as the lead insurer for the Delta Airlines flight crash at Toronto Pearson International Airport. |
January 13 2025 | Allianz announced a collaboration with Fudan University to support research into finance and insurance, and sponsored the Allianz Auditorium. |
January 6 2025 | Allianz Australia announced the sale of its subsidiary Hunter Premium Funding to Pemba Capital Partners. |
December 2024 | Withdrew offer to acquire at least 51% of Singapore's Income Insurance, initially proposed in July 2024, due to criticism about potentially affecting affordable insurance for lower-income workers. |
2023 | Notable increase in net income to 14.7 billion euros, with total assets decreasing to 983.0 billion euros and employee count slightly reducing to 157,883. |
2023 | Allianz was ranked 37th in the Forbes Global 2000 list, highlighting its continued global significance in the financial services sector. |
April 2023 | Put its 5% stake in fintech company N26 up for sale, with N26 valued at $3 billion. |
2022 | Allianz renewed its naming rights sponsorship deal for the Sydney Football Stadium for an additional six years. |
2022 | Further growth with revenue reaching 152.7 billion euros, slightly improved net income of 7.2 billion euros, and workforce growing to 159,253 employees. |
2022 | Allianz reported annual earnings of €7.2 billion, with a total annual revenue of €152.7 billion, representing a 2.8% increase from the previous fiscal year. |
June 2022 | In response to the Russian invasion of Ukraine, Allianz sold a 50.1% stake in its Russian operations to Russian company Interholding LLC, while retaining a 49.9% stake, a move that was widely criticized by international activists. |
May 17 2022 | Agreed to pay $6 billion in U.S. fraud case related to the collapse of Structured Alpha funds during the COVID-19 pandemic. |
February 2022 | Allianz acquired 72% of European Reliance for €207 million, expanding its presence in the Greek insurance market. |
2021 | Continued recovery with revenue increasing to 148.5 billion euros, maintaining net income at 7.1 billion euros, and employee count rising to 155,411. |
2021 | As of Q1, Allianz's asset management division reported €2,432 billion in assets under management, with €1,775 billion being third-party assets. |
September 30 2021 | Asset management chief Jacqueline Hunt stepped down following investigations into fund losses, remaining as a consultant. |
August 1 2021 | Disclosed that the United States Department of Justice launched a probe into Allianz regarding losses in Structured Alpha Funds. |
February 2021 | Allianz agreed with CITIC Trust to acquire the 49% minority stake of Allianz China Life Insurance Co, becoming China's first wholly foreign-owned insurance asset management company. |
January 2021 | Allianz group received authorization from the China Banking and Insurance Regulatory Commission to establish Allianz Insurance Asset Management in Beijing, owned by Allianz China Iamc. |
2020 | Despite the global pandemic, Allianz maintained stable performance with revenue of 140.5 billion euros, net income of 7.1 billion euros, and workforce expanding to 150,269 employees. |
October 2020 | Named the world's top insurance brand by Interbrand's Best Global Brands Ranking. |
October 25 2020 | Terminated naming rights and sponsorship deal with Saracens rugby club following the conclusion of the 2019–20 season. |
August 2020 | Allianz announced the selling of its closed classical life insurance retail insurance book with covering assets such as mortgages to Monument Re. |
January 1 2020 | Both Liverpool Victoria and Legal & General's division became part of the Allianz group, with the L&G division being officially renamed Fairmead Insurance. |
2019 | Allianz paid £800 million to purchase the remaining 51% stake in Liverpool Victoria's general insurance division, ending the joint venture and taking over the general insurance arm of Legal & General. |
2019 | Company experienced growth with revenue increasing to 142.4 billion euros, net income rising to 8.3 billion euros, and employee count growing to 147,268. |
April 9 2019 | Allianz initiated a cooperative partnership with Cynet, an Israeli cybersecurity company specializing in threat detection and response, to enhance the company's security infrastructure and resilience against potential cyber threats. |
2018 | Allianz extended its presence in the Russian Federation after the global acquisition of Euler Hermes, establishing a local credit insurance branch called Euler Hermes Russia. |
2018 | Allianz, through Allianz Capital Partners, acquired the largest subsidy-free solar project in Portugal, marking a significant investment in renewable energy infrastructure in the country. |
2018 | Allianz reported annual revenue of 132.3 billion euros with a net income of 7.7 billion euros and 142,460 employees. |
2017 | Allianz acquired a stake in the general division of Liverpool Victoria for up to £1bn, creating a joint venture with personal lines going to Liverpool Victoria. |
2015 | Allianz Turkey relocated its head office to Allianz Tower in the Ataşehir district of Istanbul. |
August 2015 | A consortium led by Allianz acquired German motorway service station group Tank & Rast for an estimated €3.5 billion. |
2014 | Allianz Canada merged with TIC Travel Insurance, becoming one of the largest insurance companies in Canada. |
2014 | Allianz Sigorta and Yapı Kredi Sigorta were merged, combining their insurance operations under Allianz Sigorta. |
2013 | Founded Allianz X, a technology investment fund headed by Nazim Cetin. |
October 2013 | Yapı Kredi Emeklilik was renamed to Allianz Yaşam ve Emeklilik after Allianz Group acquired Yapı Kredi Sigorta and Yapı Kredi Emeklilik. |
2012 | Partnered with Saracens rugby club as main shirt sponsor and secured naming rights for Copthall Stadium, which became Allianz Park. |
2012 | Allianz Belgium (including Luxembourg) and Allianz Netherlands were integrated to form Allianz Benelux. |
2012 | Allianz Australia announced a multi-year agreement to become the naming rights sponsor of the Sydney Football Stadium. |
April 2011 | Allianz sold its shares in the Polish football club Górnik Zabrze. |
September 2010 | Allianz began selling insurance products through Commerzbank branches, expanding its distribution network in Germany. |
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