Allianz Group (Germany)

Allianz is one of the world's biggest integrated financial services providers, serving more than 85m individual or corporate customers around the globe. It is Germany's leading insurance company, and one of the global top three in 2015 by both assets and new premiums written. Although it generates more than half its revenues from life & pensions, its most profitable business by far is property & casualty insurance. In addition to insurance it offers a broad range of investments and savings products. Its numerous subsidiary brands include US investment firm Pimco, Euler Hermes in France; Cornhill Direct and Petplan in the UK. In a rare case of instability within the group, US unit Pimco, once the world's biggest bond manager, suffered a dramatic turnaround in its fortunes during 2013 as a result of management infighting. The subsequent ousting of its founder Bill Gross caused many clients to withdraw their cash, and it took two years for stability to be restored. Founded in 1890, Allianz celebrated its 125th anniversary in 2015, in which Oliver Baete succeeded Michael Diekmann as CEO. Group revenues were €122bn in 2016. Adbrands does not currently offer a business profile for this company but subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe.

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Capsule checked 20th February 2017

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