Allianz AG was founded in Berlin on 5 February 1890 by the director of the Munich Reinsurance Company Carl von Thieme and Wilhelm von Finck. The joint company was listed in Berlin's trade register under the name Allianz Versicherungs-Aktiengesellschaft.
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. It distributed marine insurance coverage to German clientele looking for coverage abroad. In 1900 the company became the first insurer to obtain a license to distribute corporate policies.
After World War II, global business activities were gradually resumed. Allianz opened an office in Paris in 1959, and started repurchasing stakes in former subsidiaries in Italy and Austria. These expansions were followed in the 1970s by the establishment of business in the United Kingdom, the Netherlands, Spain, Brazil and the United States.
In 1986, Allianz acquired Cornhill Insurance PLC, London, and the purchase of a stake in Riunione Adriatica di Sicurità (RAS), Milan, strengthened its presence in Western and Southern Europe in the 1980s. In 1990, Allianz started an expansion into eight Eastern European countries with establishing a presence in Hungary.
Allianz has operations in over 70 countries and has around 147,000 employees. Allianz has more than 85 million customers worldwide and its services include property and casualty insurance, life and health insurance and asset management.
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According to Wikipedia