Munich Re said it has sold four million shares in German insurer Allianz AG Holdings for €375m (£257m).
Deutsche Bank handled the placement.
The four million shares represented a stake of about 1% in Allianz's share capital.
According to reports, Munich Re had held 8.98%, or 34.6 million shares, in Allianz at the end of December 2004.
The stock was placed at €94 per share, dealers said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
