Allianz SE
Jump to navigation
Jump to search
Allianz is a European financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. It is the world's 2nd largest insurance company, as of 2017 ref.
Asset Management
The asset management division is comprised of PIMCO and Allianz Global Investors.
- 1998: Allianz Asset Management: Allianz created a separate asset management business by integrating all of its major asset management businesses under one roof.
- 2000: PIMCO Group, including NFJ Investment Group and Oppenheimer Capital, was acquired (USA).
- 2001: Nicholas-Applegate.
- 2001: Dresdner Asset Management Group, including Dresdner RCM Global Investors, was purchased (Europe).
- 2009: Integration of Cominvest into Allianz’s German asset management arm.ref
- 2011: The integration of Allianz’s asset management businesses (ex PIMCO), following a decade of growth, paved the way for AllianzGI to become a globally integrated investment manager.
- 2012: Allianz restructured its asset management division into two discrete investment management businesses: PIMCO and Allianz Global Investors.
PIMCO
PIMCO, Pacific Investment Management Company LLC, is a global investment management firm focusing on active fixed income management. Headquartered in California, PIMCO manages assets for central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments and individual investors around the world. As of Mar.2019, the firm had 17 offices throughout the Americas, Europe and Asia.
PIMCO was established in 1971 as a subsidiary of Pacific Mutual Insurance Company (now "Pacific Life Insurance Company") to sell separate management services for employee benefit plans, endowments and foundations. In May 2000, Allianz AG purchased a majority stake in PIMCO's parent, PIMCO Advisors LP, now known as Allianz Global Investors of America LP, leaving Pacific Mutual with a minority interest of 3%. Although Allianz had a 97% stake, PIMCO continued to operate autonomously.ref
Allianz Global Investors
Allianz Global Investors operates as a global investment management firm, offering portfolio management and advisory services to individuals, institutions, trusts, private funds, charitable organisations, and investment companies. The firm has 20+ offices worldwide. ref
Allianz Capital Partners
ACP are Allianz's in-house asset manager for alternative equity investments, and are part of Allianz Global Investors. ACP focuses on private equity and essential public services in infrastructure and renewables. Offices are located in Munich, London, Luxembourg, New York and Singapore.ref, Website
Insurance
ToDo:
Timeline
ToDo: News
- May.2019: Allianz UK to acquire 100% of Legal & General Insurance Limited, the general insurance business of Legal & General Group plc. The transaction is subject to regulatory approval.
Allianz UK to buy out the remaining 51% stake in LV General Insurance Group from Liverpool Victoria Friendly Society.ref - 2011: The integration of Allianz’s asset management businesses (ex-PIMCO), following a decade of growth, paved the way for Allianz Global Investors to become a globally integrated investment manager.
- 2009: Integration of Cominvest into Allianz’s German asset management arm.
- Nov.2008: Dresdner Bank was sold to Commerzbank; step one of the sale left Allianz with a 18% stake in the combined bank.ref,ref
- 2001: Dresdner Asset Management Group, including Dresdner RCM Global Investors, was acquired (Europe).
- 2001: Nicholas-Applegate acquired (USA).
- 2000: PIMCO Group, including NFJ Investment Group and Oppenheimer Capital, was acquired (USA).
- 1998: Allianz Asset Management: driven by the globalisation of financial markets, Allianz defined asset management as a core business activity. It started to build a global asset management business which would serve external clients as well as Allianz’s own investment needs.
- 1985: Allianz AG was created to ensure Allianz’s ability to act internationally (today Allianz SE).
- 1970s: Allianz was Europe’s largest insurance company.
- 1922: Allianz Life was founded, and soon became one of Germany’s largest life insurers.
- 1920s: By the beginning of the decade, the company offered all property insurance policies typical of the times.
- 1890: Allianz Insurance started business in Berlin.
Sources: Allianz: Our Firm
