Allianz – History


In 1890, Allianz AG was founded in Munich by Carl von Thieme and Wilhelm von Finck in their business. The company was influenced by the bank Merck Finck & Co., Dresdner Bank AG and its founders Thieme and Finck, previously established with Munich Re was founded in 1893 the first overseas branch in London. Two years later, in 1895, shares of the company entered the German stock exchange.

In 1906 Allianz held its first major customers pay as they had to meet the payments of the devastating earthquake in San Francisco. In April 1912, when the Titanic hit an iceberg, Allianz also faced payments policies.
Registration of the name “Allianz Versicherungs Aktiengesellschaft”, at the headquarters of Allianz.

In 1922, the subsidiary of Allianz Lebensversicherungs-AG was founded. During the German merger wave of the 20′s, several companies (including the Frankfurter Versicherungs-AG and Bayerische AG insurance), were acquired by Allianz, but their names were kept. In 1932 he opened a laboratory for the investigation of damage, the Allianz Center for Technology (AZT). The aim was to verify the actual harm to show it to interested companies. From 1933 to 1945 also said the Nazis subregional organizations,  and used the spread of the German Empire to establish new businesses. In 1990, during the presidency of Henning Schulte-Noelle, Allianz started an expansion in eight Eastern European countries by establishing a presence in Hungary. In the same decade, Allianz also acquired Fireman’s Fund, an insurance company in the United States, which was followed by the purchase of Seguros Generales de France (AGF), Paris. These acquisitions were followed by expansion in Asia with several joint ventures and acquisitions in China and South Korea. Around this time Allianz expanded its asset management business as well as, for example, by buying asset management companies in California. In 1998, a group of historians, headed by Gerald D. Feldman, investigated in the history of Allianz 1933 to 1945 and the results were published in September 2001. Based on these results, there was a permanent exhibition of the archives of Allianz. In 2000 became the first German company listed on the New York Stock Exchange and in 2001, Allianz acquired Dresdner Bank, a major German bank. The Allianz Group and Dresdner Bank merged its asset management activities through the establishment of Allianz Global Investors. In 2002, Michael Diekmann became president of CEO of Allianz AG.

Allianz is present in over 70 countries with over 180,000 employees. At the top of the international group is the holding company, Allianz SE, based in Munich. Allianz Group provides its more than 60 million customers worldwide with a broad range of services in the areas of:
Allianz building in Munich.

* Property and casualty insurance.
* Life insurance and health.
* Asset management and banking.

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