[WorldKings - Wowtimes - Almanac Events & Achievements 2022] Highlights during 132 years of development of Allianz, one of the world's largest insurance and financial services groups (1890)

31-10-2022

(worldkings.org) Allianz is a German multinational financial services company headquartered in Munich, Germany.

The company's core businesses are insurance and financial services, with its services including property and casualty insurance, life and health insurance, and asset management.

The company is one of the largest insurance and financial services groups in the world. Allianz operates in more than 70 countries, has around 150,000 employees and has more than 100 million customers worldwide.

The company’s milestones:

 

- In 1890: Allianz AG was founded in Berlin by then-director of the Munich Reinsurance Company Carl von Thieme and Wilhelm von Finck..

- In 1893: Allianz opened its first international branch office in London.

- In 1895: Allianz shares are traded for the first time on the Berlin Stock Exchange.

- In 1900: The company became the first insurer to obtain a license to distribute corporate policies.

- In 1905: The company acquired Fides Insurance Company and started offering fire insurance.

- In 1911: The company became the first to sell machinery breakdown policies.

- In 1914:

The first female employee was recruited into the company.

Market expansion to many countries such as the Netherlands, Italy, Belgium, France, the Scandinavian countries and the Baltic States, and Allianz had become the largest maritime insurer in Germany.

- In 1918: This company also began to offer automobile insurance.

- In 1922: Established Allianz Life.

- In 1926: Allianz offerd small life insurance for customers with limited budget.

- In 1927: Allianz merged with Stuttgarter Verein Versicherung AG.

- In 1932: Allianz established Materials Testing Center in Berlin.

- In 1956: Applied IT to data processing with the IBM 650 data processing computer - the world's first mass-produced computer.

- In 1959: Allianz opened office in Paris.

- In 1970: Established businesses in the UK, the Netherlands, Spain, Brazil and the US.

- 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 1990: Allianz started an expansion into eight Eastern European countries with establishing a presence in Hungary.

- In 1991: Allianz acquired Fireman's Fund, an insurer in the United States.

- In 1997: Purchased insurance company Assurances Générales de France (AGF), Paris.

- In 1999: Allianz purchased investment management firm PIMCO and began to expand into Asia.

- In 2001: Allianz agreed to acquire the 80 per cent of Dresdner Bank.

- In 2006: Allianz announced that it would convert its holding company into a Societas Europaea (SE; Latin: European Company), becoming one of the first major companies to do so..

- In 2007: The company was a founder member of the Hedge Fund Standards Board.

- In 2008: The company was Europe's largest insurer.

- In 2012: The company's board of management had the first female member – Mrs. Helga Jung.

- In 2013: Allianz X is established.

- In 2018: The company became the first-ever foreign insurance company to be granted a license to establish a fully-owned insurance holding company in China.

- In 2019: Acquisition of the motorcycle insurance business and other property insurance activities of Brazilian insurance company Sul América.

- In 2020: Allianz was named the world's top insurance brand by the Interbrand's Best Global Brands Ranking.

According to en.wikipedia.org, allianz.com


Chris - (Collect and Edit) - WORLDKINGS (Source of photos: Internet)

 

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