Net premiums written 1999
$29,759m (£20,813.4m)
European head office
Koeniginstrasse 28
80802 München
Germany
Tel: +49 89 3800 0
Fax: +49 89 3800 2114
Email: corpcom@allianz.de
Website: allianz.de allianz.com
Established in 1890
Main classes of business: Property & casualty, life insurance and pensions and asset management
History
1890 Allianz Versicherungs-AG starts business with headquarters in Berlin
1893 Opening of a branch office in London
1895 First listing of Allianz stock on the Berlin Stock Exchange
1903 Creation of pension fund for Allianz employees
1913 20% of premium income generated outside of Germany
1929 End of the wave of mergers in the 1920s: among others, Bayerische Versicherungsbank, Stuttgarter
Verein and Frankfurter Allgemeine Versicherungs-AG join Allianz
1932 Establishment of the materials testing center for damage research. Forerunner of the Allianz
Center for Technology.
1949 Transfer of Allianz Versicherungs-AG headquarters from Berlin to Munich and of Allianz
Lebensversicherungs-AG from Berlin to Stuttgart
1958 Introduction of advertising slogan “hopefully Allianz insured”
1959 Resumption of foreign business activities with the opening of an office in Paris
1966 Opening of a management office in Italy
1974 Foreign expansion stepped up: among other countries, in Great Britain, the Netherlands, Spain and
Brazil
1976 Establishment of the property and casualty insurance business in the US
1984 Purchase of a stake in Riunione Adriatica di Sicurtà (RAS), Milan
1986 Takeover of Cornhill Insurance, London
1989 Purchase of a stake in the French insurance group Via/Rhin et Moselle (today a part of AGF)
1990 Takeover of the state insurance company of the former German Democratic Republic (East Germany)
1990 Beginning of activities in Eastern Europe, e.g. purchase of Hungária Biztosító, Budapest
1991 Acquisition of Fireman's Fund Insurance Company of Novato, California
1995 Purchase of a stake of the Elvia Group, Zurich, and Lloyd Adriatico, Trieste
1995 Purchase of a stake in the Australian insurance provider Manufacturers' Mutual Insurance Group,
Sydney (today Allianz Australia)
1997 Development of Vereinte Krankenversicherung AG into the health insurance provider of Allianz
1997 Acquisition of Assurances Générales de France (AGF), Paris
1998 Establishment of Allianz Asset Management, Munich, to strengthen the core business of asset
management
1999 Beginning of expansion in Asia: e.g. founding of a joint venture in China, Allianz Dazhong Life, and
acquisition of First Life Insurance, South Korea
1999 Introduction of the new group logo for all group companies
1999 Purchase of the US asset management company Pimco Advisors, Newport Beach, California
Major shareholders:
25% Münchener Rück, 10% Dresdner Bank, 7% Deutsche Bank, 7% Hypovereinsbank.
Subsidiaries:
The group currently consists of around 700 subsidiaries in over 70 countries. The companies that have joined the group generally command a strong position in their respective home markets across Europe, North America, South America, Africa and Australia, as well as the emerging markets in Asia and Eastern Europe.
Among the largest European and North American members of the Allianz Group are: Assurances Générales de France (AGF); Cornhill Insurance of Great Britain; Riunione Adriatica di Sicurtà (RAS) of Italy; ELVIA of Switzerland; and Fireman's Fund of the United States. In May 2000, the US-based asset manager PIMCO Advisors joined the Group.
Board of management:
Henning Schulte-Noelle (CEO), Paul Achleitner, Detlev Bremkamp,
Rainer Hagemann, Herbert Hansmeyer, Joachim Faber, Helmut Perlet, Gerhard Rupprecht,
Michael Diekmann
Biographies
Dr Henning Schulte-Noelle
Chairman of the Board of Management Allianz AG
Dr Shulte-Noelle, born 1942 in Essen, Germany, has been chairman of the Board since October 1, 1991.
Dr Shulte-Noelle studied law and business administration at the Universities of Tubingen, Bonn, Cologne, Edinburgh and Pennsylvania. After having passed the first and second state legal exams, he received a doctorate in law and graduated from the Wharton School at the University of Pennsylvania in 1973 with a Master of Business Administration Degree.
He started his business career as an attorney with a Frankfurt-based law firm and joined Allianz Group in 1975. he then held various staff and management positions. In early 1979 he moved to Munich, where he managed the Chairman's Office at the corporate headquarters.
After having functioned as Chairman of the management of the Branch Office for North Rhine-Westphalia in Cologne from 1984 to 1987, he was appointed to the Board of Management of Allianz Versicherungs-AG and Allianz Lebensversicherungs-AG as head of Marketing/Sales Department in 1998.
In early 1991, he became a member of Board of Management of Allianz Lebensversicherungs-AG and joined the Board of Management of Allianz AG Holding, of which he has been chairman from October 1, 1991, to date.
Dr Schulte-Noelle is a member of Supervisory boards of various German corporations such as BASF, Dresdner Bank, Mannesmann, Munich Re, VEBA, Thyssen-Krupp and Siemens, as well as a member of the International Advisory Board of the French company Lafarge.
