Tag: Allianz
Allianz Q3 2023 earnings: Operating profit declines by 14.6%, shareholders’ net income drops 29.3%
In the third quarter of 2023, German insuranc giant Allianz achieved a significant increase in its business volume, reporting a 4.5 percent rise to 36.5 ... Read More
Allianz SE to sell CPIC Fund Management stake to Guotai Junan Securities
Allianz SE has officially declared the sale of its substantial 49% stake in the well-established CPIC Fund Management Co., Ltd. This significant transaction will see ... Read More
Allianz bolsters Italian P/C market presence with acquisition of Tua Assicurazioni from Generali
In a pivotal move underscoring its commitment to the Italian market, Allianz S.p.A. announced the acquisition of Tua Assicurazioni S.p.A. from insurance giant Generali for ... Read More
Allianz 2Q 2023 report: Operating profit rises by 7% amid strong segment performance
In the latest financial update, Allianz, the German multinational financial services powerhouse, reported a 7.1% surge in its operating profit, amounting to 3.8 billion euros ... Read More
Allianz proposes to acquire European Reliance General Insurance for €207m
Allianz SE has offered to acquire European Reliance General Insurance Company, a Greek insurer, for a sum of around €207 million. The German insurance giant ... Read More
Aviva to sell Aviva Poland to German insurer Allianz for €2.5bn
Aviva, a UK-based multinational insurance company, has agreed to divest its Polish business - Aviva Poland to German insurance company Allianz for €2.5 billion in ... Read More
Allianz (China) Insurance to take full ownership of Allianz China Life
Allianz (China) Insurance (AZCH) will take full ownership in Allianz China Life Insurance by acquiring the 49% stake which it previously did not own from ... Read More
Allianz, Telefónica partner to build €5bn fiber optic network in Germany
German insurance giant Allianz Group and Spanish telecommunications company Telefónica Group agreed to create a 50:50 joint venture (JV) for deploying fiber-to-the-home (FTTH) in Germany ... Read More
Allianz completes €500m acquisition of SulAmérica’s auto and other P&C operations
German insurance giant Allianz has closed its BRL 3.2 billion (€500 million) acquisition of the automobile and other property and casualty (P&C) business from Brazilian ... Read More
SulAmérica to divest auto and other property-casualty operations to Allianz
Allianz, a German multinational financial services company, has entered into an agreement with Brazilian insurance company SulAmérica to acquire the latter’s automobile and other property-casualty ... Read More