Worldwide GWP for 1998 (£000s):
Worldwide GWP for 1998 (£000s):
£32,636,769 (1997: £27,604,628)
Dr Henning Schulte-Noelle, chairman of the Board of Management.
Year company established:
Origins back to 1890
Address, telephone and fax number of European head office:
Tel: + 49 89 3 80 00
Fax: + 49 89 346 486
Key general insurance personnel:
Board of management:
Dr Klaus Liesen (chairman)
Dr Diethart Breipohl (chairman of the supervisory board)
Dr Reiner Hagemann
Dr Gerhard Rupprecht
Mr. Michael Diekmann
Brief company history:
Since early this century, Allianz has been internationally active. The company covered losses incurred in the 1906 San Francisco earthquake and the sinking of the Titanic.
Allianz Versicherungs-AG begins business with headquarters in Berlin
Allianz introduces engineering insurance to Germany; Stuttgarter Verein, later to join the Allianz Group, introduces motor liability insurance.
Bayerische Versicherungsbank AG acquired by Allianz.
Merger with the Stuttgarter Verein group companies and the Alter Stuttgarter company.
Takeover of Frankfurter Allgemeine Versicherungs -AG known today as Frankfurter Versicherungs-AG,
A materials testing facility set up in Berlin; operation later expended through the establishment of the Allianz Centre for Technology in Ismaning near Munich in 1969.
Headquarters of Allianz Versicherungs-AG moves from Berlin to Munich
Allianz resumes foreign business; establishes offices in France and later in Italy in 1966.
Foundation of Allianz Allgemeine Rechtsschutzversicherungs-AG, a legal protection company
Start of broad international expansion
Allianz enters the US property and casualty insurance market via Allianz Insurance Company, Los Angeles; two life insurance companies added in 1979.
Participation in Riunione Adriatica di Sicurta (RAS), Milan, which becomes part of the Allianz Group in 1987.
Takeover of Cornhill Insurance PLC, London
Participation in French Via/Rhin insurance group, the following year the companies are merged into Allianz.
Takeover of the East German state insurance company.
Takover of the Fireman's Fund in Novato, California. Acquisition of majority holding in Wiener Allianz Versicherungs-AG though share swap with RAS and Generali
Business start up in the Czech Republic and Slovakia
Acquisition of primary insurer ELVIA, Zurich and Lloyd Adriatico
Following an equity swap with Munich Reinsurance the way has been cleared to take over the entire Vereinte Group. As part of the transaction Hermes Kreditversicherungs-AG goes to Allianz
AGF becomes part of the group as a result of a friendly take-over bid.
Allianz's Germany-based commercial and industrial risk businesses are restructured and centralised, and a new subsidiary is established for marine risks.
The Elvia Travel Insurance Group is restructured in a venture with Mondial Assistance to create a new European holding company, ELMA United, operating unde the Elmonda name.
2000: Following the proposed merger of Deutsche bank and Dresdner Bank, intended to reinforce their core activities, the Allianz Group announces the planned disposal of a large part of its holdings in both banks. However, it intends to buy the asset manager DWS from Deutsche Bank. Additionally, Allianz is prepared to acquire the operations of the Deutscher Herold insurance group, and to acquire a strategic stake in Deutsche Bank 24, the former retail arm of Dresdner Bank.
At the end of 1999 the Allianz Group employed a total of 114,200 people. The 4% increase in employment over 1998 (105,700) is largely attributable to the consolidation of new Group companies
Domestic subsidiaries/associated companies:
Assurances Générales de France (IART)
Alianz Zentrum fur Technik
Bayerische Versicheringsbank AG
Vereinte Krankenversicherung AS
Vereinte Rechtsschutzversicherung AD
Vereinte Versicherung AG
European subsidiaries/associated companies:
Lloyd 1885 S.p.A. Italy
Royal Nederland Verzekeringsgroep N.V., Netherlands
ELVIA, Czech Republic
Assurances Générales de France, France
Liloise d'Assurances, France
Allianz Elementar Lebensversicherungs-AG, Austria
Allianz Elementar Versicherungs-AG
ELVIA Assistance GmbH, Austria
ELVIA Reiseversicherungen-Gesellschaft, Austria
Allianz Nederland, N.V, Belgium
ELVIA Assurances SA, Belgium
ELVIA Société d'Assurances de Voyages, Belgium
Allianz Lebensversicherung (Switzerland) AG
Allianz Versicherung, Switzerland
Berner Allgemeine Holdinggesellschaft AG, Switzerland
Berner Allgemeine Versicherung-Gesellschaft, Switzerland
Berner Lebensversicherings-Gesellschaft, Switzerland
ELVIA Leben, Switzerland
ELVIA Reiseversichering-Gesellschaft, Switzerland
ELVIA Versicherungen, Switzerland
AGF IARD, France
AGF Insurance Limited, UK
AGF Kosmos AG, Greece
Allianz RAS Espana SA, Spain
Allianz RAS Seguros y Reaseguros SA, Spain
Eurovida SA, Spain
Allianz Assurances, France
Compagnie de Gestion et de Prevoyance, France
Compagnie Générale de Prevoyance, France
Cornhill France SA, France
La Rurale, France
Themis SA, France
Allianz Cornhill International
Cornhill Insurance plc
Allianz General Insurance Company, Greece
Hungaria Biiztosito Rt., Hungary
Allianz Compagnia Italiana Finanziamenti S.p.A, Italy
Allianz Subalpina S.P.A, Italy
ELVIA Assistance, Italy
Lloyd Adriatico, Italy
Riunione Adriatica di Sicurta S.p.A, Italy
Allianz Europe Ltd, Netherlands
Portugal Previdente Companhia de Seguros RAS, Portugal
Worldwide net written premium for 1998 (£000s):
Worldwide net written premium for 1997 (£000s):