Allianz

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Allianz

Post by jancancook on Wed Feb 16, 2011 1:10 am

About this sound Allianz (help·info) SE[2] (formerly AG, FWB: ALV, NYSE: AZ) is one of the largest financial services providers in the world, headquartered in Munich, Germany.

Its core business and focus is insurance. With €92.5 billion of revenue during 2008, Allianz is the second largest international insurance and financial services organization in the world.

Allianz has sold Dresdner Bank to Commerzbank, largely for shares in November 2008.[3] As a result of this merger, Allianz gained a 14% controlling stake in the new Commerzbank Group.

Allianz Global Investors ranks as a top-five global active investment manager, having €1443 billion of assets under management (AuM), of which €1131 billion are third-party assets (as of 2010-09-30), with specialized asset managers such as PIMCO (Bond fund), RCM(Equity fund), AAAm(Fund of Hedge fund), Degi(Real estate fund), etc.

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