Organization · Business

Allianz

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.

Founded:January 01, 1890
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19september
2023
19 september 2023

Expansion into Asia with new partnerships

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.

02augustus
2021
02 augustus 2021

U.S. Securities and Exchange Commission settlement

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.

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15mei
2020
15 mei 2020

$1 Billion Structured Alpha settlement

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.

01januari
2019
01 januari 2019

Sponsorship of the Olympics

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.

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27februari
2015
27 februari 2015

Acquisition of PIMCO

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.

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31juli
2008
31 juli 2008

Sale of Dresdner Bank

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.

01september
2006
01 september 2006

Listing on NYSE

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.

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23juli
2001
23 juli 2001

Acquisition of Dresdner Bank

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.

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01oktober
1949
01 oktober 1949

Relocation to Munich

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.

05februari
1890
05 februari 1890

Foundation of Allianz

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.

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