Allianz, the world's largest insurance group

Allianz SE (formerly Allianz AG) is a German bunch banking casework aggregation headquartered in Munich, Germany. Its amount business and focus is insurance. As of 2010, it was the world's 12th-largest banking casework accumulation and 23rd-largest aggregation according to a blended admeasurement by Forbes magazine.

Its Allianz All-around Investors analysis ranks as a top-five all-around alive investment manager, accepting €1,443 billion of assets beneath administration (AuM), of which €1,131 billion are third-party assets (as of 2010-09-30), with specialized asset managers including PIMCO (Bonds), RCM (Equities) and Degi (Real estate).

Allianz awash Dresdner Coffer to Commerzbank in November 2008. As a aftereffect of this merger, Allianz acquired a 14% authoritative pale in the new Commerzbank Group.

HistoryAllianz AG was founded in Berlin on 5 February 1890 by Carl von Thieme (a built-in of Erfurt, whose ancestor was the administrator of Thuringia) and Wilhelm von Finck (co-owner of the Merck Finck & Co bank). The aboriginal footfall to become an all-embracing aggregation started with the aperture of a annex appointment in London in the backward 19th century.

Operations

Allianz has operations in over 70 countries and has about 180,000 employees. The ancestor company, Allianz SE, is headquartered in Munich, Germany. Allianz has added than 60 actor barter common and its casework cover acreage and blow insurance, activity and bloom allowance and asset management.