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Allianz Deutschland AG (Germany)
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Legal residence:Germany
Organization type:Consulting organization
Funding agencies: Reconstruction Credit Institute /Kreditanstalt fur Wiederaufbau (HQ), Other, Horizon 2020 (2014 - 2020)
Sectors: Risk Management (incl. insurance)
Status:
Active
About
Allianz is a German multinational financial services company headquartered in Munich. Its core business and focus is insurance. As of 2010, it was the world\\\'s largest insurance company, the 12th-largest financial services group and 23rd-largest company according to a composite measure by Forbes magazine,[3] as well as the largest financial services company when measured by 2012 revenue.
Its Allianz Global Investors division ranks as a top-five global active investment manager, having €1,443 billion of assets under management (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 sold Dresdner Bank to Commerzbank in November 2008.[4] As a result of this merger, Allianz gained a 14% controlling stake in the new Commerzbank.
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