NationMaster - Encyclopedia: Allianz

Allianz (help· info) SE^[1], (ISIN: DE0008404005; IPA pronunciation: [alliˈanʦ], and formerly AG) is a large financial service provider headquartered in Munich, Germany. By revenue, it is the largest FSP in the world. However, it is much farther down on profit. Image File history File links No higher resolution available. ... 1890 (MDCCCXC) was a common year starting on Wednesday (see link for calendar) of the Gregorian calendar (or a common year starting on Friday of the Julian calendar). ... Image File history File links Flag_of_Germany. ... Munich (German: , pronounced ; Austro-Bavarian: Minga; Italian: Monaco; Latin language: Monacum) is the capital of the German Federal State of Bavaria (German: ). Munich is Germanys third largest city and one of Europes most prosperous. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... Financial services is the largest industry (or category of industries) in the world in terms of earnings (20% of market cap in the S&P 500 in 2004). ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links No higher resolution available. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... A website (or Web site) is a collection of web pages, images, videos and other digital assets and hosted on a particular domain or subdomain on the World Wide Web. ... Image File history File links Allianz. ... The Council Regulation on the Statute for a European Company of the European Union (adopted October 8, 2001; OJ L 294, 10 November 2001, pp. ... An International Securities Identifying Number (ISIN) uniquely identifies a fungible security, its structure is defined in ISO 6166. ... Not to be confused with the NATO phonetic alphabet, which has also informally been called the â€œInternational Phonetic Alphabetâ€. For information on how to read IPA transcriptions of English words, see IPA chart for English. ... The German term Aktiengesellschaft (IPA /aktsiÉ™ngÉ™zÎµlÊƒaft/) (abbreviated AG) means a corporation which is limited by shares, , owned by shareholders. ... Financial services is the largest industry (or category of industries) in the world in terms of earnings (20% of market cap in the S&P 500 in 2004). ... Munich (German: , pronounced ; Austro-Bavarian: Minga; Italian: Monaco; Latin language: Monacum) is the capital of the German Federal State of Bavaria (German: ). Munich is Germanys third largest city and one of Europes most prosperous. ...

Core and focus is on the insurance business. With €100 billion of revenue during 2004 Allianz is by far the biggest insurance company in Germany and one of the largest in the world. Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ...

History

Allianz AG was founded in Berlin in 1890 and shifted its headquarters to Munich in 1949. The first step to become an international company started with the opening of a branch office in London in the late 19th century. After World War II, global business activities were gradually resumed. Allianz opened an office in Paris in the late 1950s, and a management office for Italy in the 1960s. These expansions were followed in the 1970s by the establishment of business in Great Britain, 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 Sicurt’ (RAS), Milan, strengthened its presence in Western and Southern Europe in the 1980s. Recently, in February 08, 2006, RAS Shareholders approved the mergers with Allianz. In 1990, Allianz started an expansion into eight Eastern European countries with establishing a presence in Hungary. In the same decade, Allianz also acquired Fireman’s Fund, an insurer in the United States, which was follow by the purchase of Assurances Generales de France (AGF), Paris. These acquisitions were followed by the expansion into Asia with several joint ventures and acquisitions in China and South Korea. Around this time Allianz expanded its asset management business as well by purchasing for example asset management companies in California. Berlin is the capital city and one of the sixteen states of the Federal Republic of Germany. ... 1890 (MDCCCXC) was a common year starting on Wednesday (see link for calendar) of the Gregorian calendar (or a common year starting on Friday of the Julian calendar). ... 1949 (MCMXLIX) was a common year starting on Saturday (the link is to a full 1949 calendar). ... This article is about the capital of England and the United Kingdom. ... Combatants Allied powers: China France Great Britain Soviet Union United States and others Axis powers: Germany Italy Japan and others Commanders Chiang Kai-shek Charles de Gaulle Winston Churchill Joseph Stalin Franklin Roosevelt Adolf Hitler Benito Mussolini Hideki TÅjÅ Casualties Military dead: 17,000,000 Civilian dead: 33,000... City flag City coat of arms Motto: Fluctuat nec mergitur (Latin: Tossed by the waves, she does not sink) Paris Eiffel tower as seen from the esplanade du TrocadÃ©ro. ... 1986 (MCMLXXXVI) was a common year starting on Wednesday of the Gregorian calendar. ... This article is about the city in Italy. ... AGF (Euronext: AGF) is a French insurance company, based in Paris (HQ: rue Richelieu). ... World map showing the location of Asia. ... A joint venture is a business relationship between two or more parties to undertake economic activity together. ... The phrase mergers and acquisitions (M&A) refers to the aspect of business strategy and management dealing with the merging and/or acquiring of different companies. ... Asset management is the method that a company uses to track fixed assets, for example factory equipment, desks and chairs, computers, even buildings. ... Official language(s) English Capital Sacramento Largest city Los Angeles Area Ranked 3rd - Total 158,302 sq mi (410,000 kmÂ²) - Width 250 miles (400 km) - Length 770 miles (1,240 km) - % water 4. ...

In 2001, Allianz acquired Dresdner Bank, a large German bank. Allianz Group and Dresdner Bank combined their asset management activities by forming Allianz Dresdner Asset Management. In 2002 Michael Diekmann succeeded Henning Schulte-Noelle as CEO of Allianz AG. The Allianz Group was reincorporated under a European Company Statute and, as a result of the cross-border merger with RAS, Allianz converted into a European Company (SE - Societas Europaea) in October 13, 2006. The 1978 Silver Tower houses part of the head office of the Dresdner bank. ... The Council Regulation on the Statute for a European Company of the European Union (adopted October 8, 2001; OJ L 294, 10/11/2001, pp. ...

Allianz is now present in more than 70 countries with over 177,000 employees. At the top of the international group is the holding company, Allianz SE, with its head office in Munich. Allianz Group provides its more than 60 million customers worldwide with a comprehensive range of services in the areas of
• property and casualty insurance,
• life and health insurance,
• asset management and banking.

Links with the Third Reich

Gerald Feldman's book Allianz and the German Insurance Business is a look at the links between the Nazi party and big business in 1930s Germany concentrating on Allianz's relationship.

Previous Board member Kurt Schmitt was a German economic leader and the Reich Economy Minister from June 1933 until January 1935. Kurt Paul Schmitt (born 7 October 1886 in Heidelberg; died 2 November 1950 in Heidelberg) was a German economic leader and the Reich Economy Minister. ... (IPA: ; German: IPA: ), is the German word for realm or empire, cognate with Scandinavian rike/rige, Dutch rijk and English ric as found in bishopric. ...

Eduard Hilgard, a general director of Allianz AG and head of the Reich Association for Private Insurance during the entire National Socialist regime.

Allianz's leadership, represented by directors Kurt Schmitt and Eduard Hilgard, led a policy of drawing nearer to the Nazis, even before they seized power. Already in October 1930, ties were forged with Hermann Göring. These contacts were realized through company dinners and by providing private financial loans. Heinrich Brüning and Franz von Papen tried without success to get Schmitt a ministerial office. Kurt Paul Schmitt (born 7 October 1886 in Heidelberg; died 2 November 1950 in Heidelberg) was a German economic leader and the Reich Economy Minister. ... Hermann Wilhelm GÃ¶ring ( ) (also Goering in English) (January 12, 1893 â€“ October 15, 1946) was a German politician and military leader, a leading member of the Nazi Party, second in command of the Third Reich, and commander of the Luftwaffe. ... Heinrich BrÃ¼ning on a Centre Party election poster (German Resistance Museum, Berlin) Dr. (November 26, 1885 â€“ March 30, 1970) was a German politician and Chancellor of Germany. ... Franz Joseph Hermann Michael Maria von Papen (29 October 1879 â€“ 2 May 1969) was a German nobleman Catholic politician, General Staff officer, and diplomat, who served as Chancellor of Germany in 1932. ...

League table

AXA (Euronext: CS, NYSE: AXA) is a French insurance company and the worlds second largest insurance company with its 189 000 employees and 122 billions dollars of revenues in 2004. ... American International Group, Inc. ...

Management

Australia

Allianz operate a general insurance business in Australia through Allianz Australia Insurance Limited (ABN 15 000 122 850, AFS Licence No. 234708)

History

Main article: Manufacturers Mutual Insurance Allianz AG, (NYSE: AZ) with $128 billion of revenue during 2003, is Germanys largest, and one of the worlds largest financial services providers with a focus on the insurance business. ...

Allianz Australia's predecessor MMI began as the Manufacturers Mutual Accident Insurance Association Limited in 1914, targeting the Workers Compensation market. It was renamed as Manufacturers Mutual Insurance, abbrieviated MMI in 1920. It was well known for its subsidiary lines DirectDial Financial Services Limited, SafetyNet Pty Ltd and Combrook Pty Ltd. DirectDial and SafetyNet were later integrated into their mainline businesses, however Combrook could not be integrated as Workers Compensation legislation prohibits insurance companies from also being the rehabilitation provider due to conflict of interest. It was rebranded as Recovre in 2002 and sold off to Hawkesbury Private Equity in 2006. It acquired the Australian operation of Allianz in 1986 and was taken over by Allianz in 1998, before changing its name to Allianz Australia in 2000. In 2001, Allianz Australia took over HIH Insurance and its subsidiaries including FAI Insurance following the HIH collapse. In 2006, Allianz also began to sell life insurance products.

Advertising

Like its competitors, Allianz Australia has its own ads to promote the benefits of switching to Allianz using slogans like "Insurance solutions from A to Z", "Insurance solutions from Allianz" and "Switch and join over 2 million Australians". They were first introduced in 2005, then branded as "Allianz Cover Story". Allianz Business Insurance also runs similar ads, though with different lines and background music. Previously Allianz Australia used the same slogan as its international counterparts called "The Power on Your Side".

Belgium

United Kingdom

Allianz owns British insurance company Cornhill Insurance plc, subsequently renamed Allianz Cornhill Insurance plc. This then simply became Allianz Insurance plc on 30 April 2007 to directly reflect its continental parentage. April 30 is the 120th day of the year in the Gregorian calendar (121st in leap years), with 245 days remaining. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ...

Also owns Kleinwort Benson which it inherited when it bought Dresdner Bank. The investment bank has subsequently been merged with the corporate bank of Dresdner Bank and rebranded as Dresdner Kleinwort.

See also

The European Financial Services Roundtable (EFSR) is a European organization, located in Brussels, Belgium, of financial service companies to provide a voice on policies of the European Union related to financial matters. ...

External links

Image File history File links Commons-logo. ... Wikimedia Commons logo by Reid Beels The Wikimedia Commons (also called Commons or Wikicommons) is a repository of free content images, sound and other multimedia files. ... It has been suggested that GStock be merged into this article or section. ...

References

v • d • e

DAX companies of Germany

Adidas • Allianz • Altana • BASF • Bayer • BMW • Commerzbank • Continental • DaimlerChrysler • Deutsche Bank • Deutsche Börse
Deutsche Post • Deutsche Postbank • Deutsche Telekom • E.ON • Fresenius Medical Care • Henkel • Hypo Real Estate • Infineon Technologies
Linde (The Linde Group) • Lufthansa • MAN • METRO • Munich Re • RWE • SAP • Siemens • ThyssenKrupp • TUI • Volkswagen DAX 30 chart in the Frankfurt Stock Exchange DAX 30 (Deutsche Aktien Xchange 30, former Deutscher Aktien-Index 30) is a Blue Chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. ... Image File history File links Flag_of_Germany. ... Adidas AG (ISIN: DE0005003404) is a major German sports apparel manufacturer, part of the Adidas Group,consisting of Reebok sportswear company, Taylormade golf company, Maxfli golf balls, and Adidas golf and is the second largest sportswear manufacturer in the world. ... Altana AG (NYSE: AAA) is a German chemical and pharmaceutical company based in Bad Homburg vor der HÃ¶he. ... BASF may also historically refer to EMTEC, which was known as BASF for a short time after its founding. ... Bayer AG (IPA pronunciation //) (ISIN: DE0005151005, NYSE: BAY, TYO: 4863 ) is a German chemical and pharmaceutical company founded in 1863. ... BMW, abbreviated for Bayerische Motoren Werke or in English Bavarian Motor Works, is an independent German company and manufacturer of automobiles and motorcycles. ... Commerzbank AG (DAX: CBK) is the second-largest bank in Germany (after Deutsche Bank) and headquartered in Frankfurt am Main. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... DaimlerChrysler AG (ISIN: DE0007100000) headquartered in Stuttgart, Baden-WÃ¼rttemberg, Germany, Auburn Hills, Michigan, USA and Japan is a prominent automobile and truck manufacturer and financial services provider (through DaimlerChrysler Financial Services). ... Deutsche Bank AG NYSE: DB (German for German Bank) is a multinational bank operating worldwide and employing more than 67,500 people (December, 2005). ... Deutsche BÃ¶rse Group LSE: DHE is a marketplace organizer for the trading of shares and other securities. ... Deutsche Post Tower in Bonn Deutsche Post AG (ISIN: DE0005552004, LSE: DPO) is a German post, logistics and courier headquartered in Bonn, previously the German state-owned mail monopolist. ... Postbank AG is a leading German retail bank with headquarters in Bonn // History The Postscheckdienst was introduced 1909 by the German Reich. ... [[Images:Bonn DTAG2. ... It has been suggested that VEBA be merged into this article or section. ... Fresenius AG is a health care company group with approximately 69 000 employees and is based in Bad Homburg. ... The Henkel Group is headquartered in DÃ¼sseldorf, Germany. ... The Hypo Real Estate Holding AG is based in Munich and comprises three banks: Hypo Real Estate Bank International AG Hypo Public Finance Bank Hypo Real Estate Bank AG It originated in 2003 from the real estate financing business of HypoVereinsbank. ... Infineon Technologies AG (ISIN: DE0006231004, FWB: IFX, NYSE: IFX) was founded in April 1999 when the semiconductor operations of parent company, Siemens AG, were spun off to form a separate legal entity. ... Linde Logo The Linde Group (previously known as Linde AG) is an international company with three principal activity areas: industrial gases, plant engineering, and materials handling, headquartered in Wiesbaden, Germany. ... Linde Logo The Linde Group is the international industrial gases company founded in 1879 and relaunched in September 2006, following the acquisition of The BOC Group by Linde AG. The group has major interests in industrial gases and plant engineering, and is currently headquartered in Wiesbaden, Germany. ... Deutsche Lufthansa AG (ISIN: DE0008232125) (pronounced ) is the largest airline in Germany, and the second-largest in Europe (behind Air France-KLM, but before British Airways). ... MAN AG (formerly called Maschinenfabrik Augsburg-NÃ¼rnberg AG, ISIN: DE0005937007) is a German transportation company. ... METRO AG Logo METRO AG is a diversified retail and wholesale/cash and carry group based in Germany. ... Headquarters in Munich Munich Re AG, in German MÃ¼nchener RÃ¼ck AG, is one of the worlds largest reinsurance companies with over 5000 customers in 160 countries and has its headquarters in Munich, Germany. ... RWE AG, until 1990 named Rheinisch-WestfÃ¤lisches ElektrizitÃ¤tswerk AG, is a German public utility and electric power company based in Essen. ... SAP AG (ISIN: DE0007164600, FWB: SAP, NYSE: SAP) is the largest European software enterprise, with headquarters in Walldorf, Germany. ... Siemens AG (ISIN: DE0007236101, FWB: SIE, NYSE: SI) is one of the worlds largest technology companies. ... German industrial company ThyssenKrupp AG, with about 200,000 employees, mainly operates in the steel industry, but also in the automotive, industrial construction, and shipbuilding areas, as well as manufacturing lifts and providing other technologies and services. ... TUI AG (Touristik Union International) is a German based company. ... Volkswagen AG (ISIN: DE0007664005), or VW, is an automobile manufacturer based in Wolfsburg, Germany. ...

Coordinates: 48°09′16″N, 11°35′20″E Map of Earth showing lines of latitude (horizontally) and longitude (vertically), Eckert VI projection; large version (pdf, 1. ...

Contents

History GA_googleFillSlot("encyclopedia_square");

Links with the Third Reich

League table

Management

Australia

History

Advertising

Belgium

United Kingdom

See also

External links

References

History