In 1904 Paul Von Naher took over the sole leadership of the company, as it moved into the US and other markets. In 1900 the company became the first insurer to obtain a license to distribute corporate policies. It distributed marine insurance coverage to German clientele looking for coverage abroad. The first Allianz products were marine and accident policies first sold only in Germany, however in 1893 Allianz opened its first international branch office in London. The joint company was listed in Berlin's trade register under the name Allianz Versicherungs-Aktiengesellschaft. History Foundation Īllianz AG was founded in Berlin on 5 February 1890 by then-director of the Munich Reinsurance Company Carl von Thieme (a native of Erfurt, whose father was the director of the insurance company Thuringia) and Wilhelm von Finck (co-owner of the Merck Finck & Co. Īllianz sold Dresdner Bank to Commerzbank in November 2008. Its asset management division, which consists of PIMCO, Allianz Global Investors and Allianz Real Estate, has €2,432 billion of assets under management (AuM), of which €1,775 billion are third-party assets (Q1 2021). ![]() The company is a component of the Euro Stoxx 50 stock market index. The company is one of the world's largest insurers and financial services groups. Its core businesses are insurance and asset management. ![]() ![]() Allianz ( / ˈ æ l i ə n t s/ AL-ee-ənts, German: ( listen)) is a European multinational financial services company headquartered in Munich, Germany.
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