Explore the comprehensive timeline of Allianz, detailing its key milestones from its founding in 1890 to its growth as a global financial services provider. Discover significant events, expansions, innovations, and strategic developments that have shaped Allianz's history and its position in the insurance and asset management industry.
On September 19, 2023, Allianz announced new strategic partnerships in Asia, marking a significant expansion into the Asian markets. The partnerships are focused on digital insurance innovations and tailored products to meet the specific needs of the growing Asian middle-class customer base. This expansion is part of Allianz's ongoing global growth strategy.
On August 2, 2021, Allianz reached a settlement with the U.S. Securities and Exchange Commission (SEC) over charges related to misleading investors about the risks involved in their Structured Alpha funds. The settlement focused on compliance improvements and financial restitution efforts.
On May 15, 2020, Allianz settled a $1 billion lawsuit concerning its Structured Alpha Funds with various pension funds. The funds had suffered significant losses during the COVID-19 market turmoil. Allianz's legal resolution underscored the devastating impacts of market volatility and the company's accountability actions.
On January 1, 2019, Allianz began its worldwide partnership with the International Olympic Committee (IOC) as the official insurance partner. This sponsorship deal marked Allianz's commitment to promoting sportsmanship and global athletics, providing insurance and support to athletes across the Olympic spectrum.
Allianz completed the acquisition of PIMCO, an investment management firm, on February 27, 2015. This strategic acquisition expanded Allianz's capabilities in the asset management sector, allowing it to offer more comprehensive investment solutions to clients globally.
Allianz announced on July 31, 2008, that it would sell Dresdner Bank to Commerzbank for approximately €9.8 billion ($14.7 billion). This sale was part of Allianz's strategic move to exit the banking sector and focus more on its core insurance business.
On September 1, 2006, Allianz was listed on the New York Stock Exchange. This listing was a milestone for the German insurance giant as it expanded its presence and accessibility in the US financial market, seeking to attract American investors and grow its global reach.
On 23 July 2001, Allianz agreed to buy Dresdner Bank for approximately €20 billion ($29 billion) in stock and cash. This acquisition signaled Allianz's venture into banking, expanding its financial services and creating one of Europe's largest financial firms with combined insurance and banking services.
In 1949, after World War II, Allianz moved its headquarters to Munich, Germany. This move was significant as it marked Allianz's recovery and revival post-war, establishing itself as a major player in the insurance industry once again from a new base in Munich.
Allianz was founded in Berlin on 5 February 1890 by Carl von Thieme, then director of the Munich Reinsurance Company. Allianz's founders included Wilhelm Fink, an entrepreneur in the transport insurance business. The founding of the company was a strategic move to provide globally available insurance services.
That's every defining moment so far. New events are added only when the reporting warrants it.
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