Dresdner Bank AG was a German bank , founded in 1872 in Dresden , then headquartered in Berlin from 1884 to 1945 and in Frankfurt from 1963 onwards after a postwar hiatus. Long Germany's second-largest bank behind Deutsche Bank , it was eventually acquired by Commerzbank in May 2009.
65-576: Allianz Stadium may refer to following stadiums with sponsorship arrangements with German financial services company Allianz : Allianz Arena , an association football stadium in Munich, Germany Allianz Field , an association football stadium in Saint Paul, Minnesota, U.S. Allianz Parque , an association football stadium in São Paulo, Brazil Allianz Riviera ,
130-497: A mainframe computer , taking delivery of a IBM 650 which provided cost savings within three years of delivery. After World War II, global business activities were gradually resumed. Allianz opened an office in Paris in 1959 and started repurchasing stakes in former subsidiaries in Italy and Austria. In 1971, Wolfgang Schieren became the head of the company. These expansions were followed in
195-408: A societas europaea . The conversion was made in conjunction with Allianz's acquisition of 100 per cent control of its principal Italian subsidiary Riunione Adriatica di Sicurtà for around US$ 7 billion. The conversion to an SE was completed on 13 October 2006. The Allianz Group also simplified its brand strategy from 2006 and their previous emblem was replaced by the current combination mark. By 2008
260-483: A banking operating license in Saint Petersburg , where former KGB agent Vladimir Putin was in charge of foreign economic relations. Dresdner Bank appointed Matthias Warnig , a former Stasi agent and Vladimir Putin's former KGB contact, to negotiate with Putin. The office was opened in 1991. Warnig became chairman of the board of directors of Dresdner Bank ZAO, Dresdner Bank Russian subsidiary which
325-517: A bid. On August 31, 2008, Commerzbank announced that it would acquire Dresdner Bank for EUR 9.8 billion. Dresdner Bank was legally merged with Commerzbank on 11 May 2009 and ceased to be an independent entity. In 2009, Deutsche Bank announced it will integrate the Dresdner Agency Security Lending business into its trust and securities services (TSS) business in global transaction banking (GTB). Dresdner Bank attempted to get
390-512: A consequence of state intervention during the banking crisis of 1931 , the German Reich owned 66% and Deutsche Golddiskontbank owned 22% of Dresdner Bank shares; the total government stake in Dresdner Bank reached 97 percent, and (unlike at Deutsche Bank) resulted in significant interference in the bank's management. As part of the same restructuring, Dresdner Bank acquired full ownership of
455-605: A lot of people buy the products of the company. In February 2022, it was announced Allianz had acquired 72% of European Reliance for €207 million. In India Allianz primarily operates through Bajaj Allianz Life Insurance Company & Bajaj Allianz General Insurance Company Limited, a joint venture between Allianz and Bajaj Finserv Limited. Bajaj Allianz has around 1,200 branches across India and offers services including unit-linked, traditional, health, child and pension policies. Allianz started its operations in Indonesia with
520-537: A million customers across the country through its portfolio of personal and commercial insurance products. In 1999, through their acquisition of AGF, Allianz SE acquired AGF Irish Life Holdings plc in Ireland, which at the time owned Insurance Corporation of Ireland and Church and General Insurance. Following their purchase, and despite a minority shareholding by Irish Life, both companies changed their names to Allianz plc, trading simply as Allianz. In 2017, Allianz plc became
585-939: A multisport stadium in Nice, France Allianz Stadion , an association stadium in Vienna, Austria Barnet Copthall , a rugby and athletics stadium in London, England known as Allianz Park for sponsorship reasons from February 2013 to January 2021 Juventus Stadium , association football stadium in Turin, Italy, known as Allianz Stadium for sponsorship reasons since July 2017 Sydney Football Stadium (2022) in Sydney, Australia, known as Allianz Stadium for sponsorship reasons from its reopening in September 2022 Sydney Football Stadium (1988) , from February 2012 until its October 2018 closure Twickenham Stadium ,
650-869: A presence in Hungary. In the same decade, Allianz also acquired Fireman's Fund , an insurer in the United States, which was followed by the purchase of Assurances Générales de France . These acquisitions were followed by the expansion into Asia with several joint ventures and acquisitions in China and South Korea and the acquisition of Australia's Manufacturers Mutual Insurance . Around this time, Allianz expanded its asset management business as well by purchasing asset management companies in California. In 1999, Allianz purchased investment management firm PIMCO for approximately US$ 3.3 billion. In April 2001, Allianz agreed to acquire
715-703: A representative office in 1981. In 1989, Allianz established PT Asuransi Allianz Utama Indonesia, a general insurance company. Furthermore, Allianz entered the Indonesian life insurance market by opening PT Asuransi Allianz Life Indonesia in 1996. Allianz plc in Ireland employs over 1,700 people. Established in 1902, Allianz plc is active in both the Republic of Ireland and Northern Ireland, providing car, home, pet, boat, and travel products, as well as SME (small to medium enterprise) products including van, business, and schools insurance. Today, Allianz in Ireland insures over half
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#1732848979029780-627: A rugby stadium in Twickenham, London, known as Allianz Stadium for sponsorship reasons from September 2024 Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Allianz Stadium . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Allianz_Stadium&oldid=1251347338 " Categories : Disambiguation pages Allianz Hidden categories: Short description
845-493: A stake of around 14% in Commerzbank. Allianz X founded, in 2013 and headed by Nazim Cetin, is Allianz's technology investment fund. In August 2015, a consortium led by Allianz acquired German motorway service station group Tank & Rast for an undisclosed sum believed to be in the region of €3.5 billion. In April 2018, TH Real Estate and Allianz partnered to provide £100m in debt finance to developers YardNine , for
910-516: A subsidiary of RAS). On 25 November 2016, Allianz opened a new office in Kenya. Allianz Mexico started operations in 1987. In 2003, Allianz AG began its operation in the Philippines under the joint venture partnership with Pioneer Life Incorporated which lasted for five years. Allianz returned its operations in the country in 2016 as a subsidiary group with an exclusive distribution partnership with
975-413: A total of 225 million Marks surpassed only by Deutsche Bank (489 million) and well ahead of Disconto-Gesellschaft (219 million) and Darmstädter Bank (109 million). At that time, Dresdner Bank was referred to as one of the four "D-Banks" (all of which had names starting with a D) that dominated German commercial banking, together with Darmstädter Bank, Deutsche Bank, and Disconto-Gesellschaft. During
1040-500: A wholly owned entity of Allianz SE. On 9 April 2019, Allianz started cooperation with Cynet , a cybersecurity company in the field of threat detection and response to address security threats and improve its resilience. The Allianz Group in Italy is headed by composite insurance company Allianz SpA and it ranks second in terms of premiums written and fifth in terms of assets under management as well as fourth for financial advisors. The Italian parent company, Allianz SpA, resulted from
1105-519: A wholly owned subsidiary of the insurance corporation Allianz . In July 2006 Dresdner Kleinwort , dropped Wasserstein from their name and went through a re-organization of corporate bank, capital markets and investment bank. The arm made up of capital markets and investment banking. In 2008 it was reported that Allianz was looking to dispose of Dresdner Bank. British banking group Lloyds TSB were amongst those rumoured to be interested. However, by July that year Lloyds TSB had denied any interest in making
1170-487: Is different from Wikidata All article disambiguation pages All disambiguation pages Allianz Allianz SE ( / ˈ æ l i ə n t s / AL -ee-ənts , German: [aˈli̯ants] ) is a German multinational financial services company headquartered in Munich , Germany. Its core businesses are insurance and asset management . Allianz is the world's largest insurance company and
1235-528: Is the market leader in both the general and life insurance markets. Allianz products are distributed principally through a network of full-time tied agents. Since September 2010 Allianz products have also been sold through Commerzbank branches. In Greece Allianz began to work on 2 December 1985. Then was established the first Company's Office in Ampelokipoi , Athens . Now Allianz has almost 500 Offices in Greece and
1300-484: The 1906 San Francisco earthquake caused the company to sustain 300,000 marks in losses. In 1905, the company acquired Fides Insurance Company, a firm that had innovated the first form of home invasion insurance. Other places expanded into during the 1910s and 1920s included Palestine , Cyprus , Iraq , China , the Dutch Indies (nowadays Indonesia ), Ceylon (now Sri Lanka ), and Siam (now Thailand ). In 1905,
1365-680: The Bank of Athens during the Axis occupation of Greece , without however taking ownership out of consideration for Italian sensitivities. In September 1941, Dresdner Bank appropriated a block of shares owned by Union européenne industrielle et financière , an affiliate of the French Schneider-Creusot group, in the Hungarian General Credit Bank . Dresdner Bank helped to finance concentration camps, including Auschwitz . The bank
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#17328489790291430-532: The First World War , the London branch was forced to close; however, the branch network itself expanded. By 1930, Dresdner Bank was Germany's third-largest joint-stock bank by total deposits with 2.3 billion Reichsmarks, behind Deutsche Bank und Disconto-Gesellschaft (4.8 billion) and Danat-Bank (2.4 billion), and ahead of Commerz- und Privatbank (1.5 billion), Reichs-Kredit-Gesellschaft (619 million), and Berliner Handels-Gesellschaft (412 million). As
1495-544: The Philippine National Bank . They are currently operated under the name of Allianz - PNB Life Insurance Incorporated. In 2018 Allianz, via Allianz Capital Partners, acquired the largest subsidy-free solar project in Portugal. Dresdner Bank The Dresdner Bank was established on 12 November 1872 through the conversion of Bankhaus Kaskel [ de ] , a Dresden-based private bank founded in 1771, on
1560-623: The RAF . Ponto later died from his injuries. Dresdner Bank expanded its network with acquisition and opening new offices not only in Europe but also in the United States, Singapore, Canada, Australia, Japan, Hong Kong, and China. Dresdner Bank was the first to open its own office in former eastern Germany in Dresden on 2 January 1990. After the acquisition of Kleinwort Benson in 1995 to form its investment-banking arm Dresdner Kleinwort , Dresdner Bank took over
1625-612: The Sydney Cricket Ground Trust to become the naming rights sponsor of the former Sydney Football Stadium . In 2022 the deal was renewed for a further six years at the replacement Sydney Football Stadium Allianz operates through Allianz Belgium, previously AGF Belgium which has been re-branded to Allianz Belgium in November 2007. In 2012, Allianz Belgium (including Luxembourg) and Allianz Netherlands were integrated to become Allianz Benelux. In August 2020, they announced
1690-640: The 1970s by the establishment of business in the United Kingdom, the Netherlands, Spain, Brazil and the United States. In 1986, Allianz acquired Cornhill Insurance in London, and the purchase of a stake in Riunione Adriatica di Sicurtà (RAS) in Milan , strengthened its presence in western and southern Europe in the 1980s. In 1990, Allianz started an expansion into eight eastern European countries by establishing
1755-625: The 80 per cent of Dresdner Bank that it did not already own, for US$ 20 billion. As part of the transaction, Allianz agreed to sell its 13.5 per cent stake in HypoVereinsbank to Munich Re and to acquire Munich Re's 40 per cent stake in Allianz Leben . Following the completion of the acquisition, Allianz and Dresdner Bank combined their asset management activities by forming Allianz Global Investors . In 2002, Michael Diekmann succeeded Henning Schulte-Noelle as CEO. In June 2006, Allianz announced
1820-559: The American investment bank Wasserstein Perella Group Inc. , New York in 2000. This investment banking unit was then renamed Dresdner Kleinwort Wasserstein. In 1999, Dresdner Bank and Banque Nationale de Paris (BNP) proposed a merger but Allianz , a major shareholder of Dresdner Bank, opposed the merger. AXA , a major shareholder in BNP, is a rival of Allianz. In 2002 Dresdner Bank became
1885-795: The Austrian business of Società Italiana di Credito in 1939), in comparison to 24 for the rival Creditanstalt-Bankverein that had come under control of Deutsche Bank. Later in 1938 following the Nazi annexation of the Sudetenland , Dresdner Bank, through Länderbank Wien , took over the former branches of the Böhmische Escompte-Bank in the South Moravian towns of Břeclav ( German : Lundenburg ), Mikulov ( German : Nikolsburg ) and Znojmo ( German : Znaim ). In subsequent years, most of
1950-460: The Berlin headquarters of Allianz were destroyed by Allied bombing runs. Following the end of the war in 1945, Hans Heß became head of the company, and Allianz shifted its headquarters to Munich in 1949 due to the split between East and West Germany. Heß only held the position until 1948, when he was replaced by Hans Goudefroy. In 1956, Allianz became the first major European Insurance company to install
2015-594: The COVID-19 pandemic. In April 2023, Allianz put its 5% stake in fintech company N26 up for sale, with N26 valued at $ 3 billion (€2.7 billion). Meanwhile, N26 was valued at $ 9 billion at its last funding round in October 2021. As of 2022 , Allianz was the world's largest insurance company with US$ 1.02 trillion in assets according to Forbes . For the fiscal year 2022, Allianz reported earnings of €7.2 billion, with an annual revenue of €152.7 billion, an increase of 2.8% over
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2080-647: The Dresdner Bank participated in the creation of Deutsch-Asiatische Bank in Shanghai , and in 1894 of Banca Commerciale Italiana in Milan . It also developed its own overseas-oriented network by opening branches in Hamburg (1892, when it absorbed the Anglo-Deutsche Bank), Bremen (1895), and London (1901). In 1905 Dresdner formed a close alliance with J. P. Morgan & Co. of New York, for joint action in international finance and issue operations, particularly
2145-515: The German Federal Financial Supervisory Authority launched its own probe. On September 30, 2021, it was reported that asset management chief Jacqueline Hunt would step down as part of a shake up that followed the investigations into the losses, staying on as a consultant to Bäte. On 17 May 2022, Allianz SE has agreed to pay $ 6 billion in the U.S. fraud case due to the collapse of its Structured Alpha funds during
2210-899: The Kommerzialbank in Kraków , Deutsche Handels- und Kreditbank in Bratislava , Banque Bulgare de Commerce in Sofia , and founded the Handelstrust West N. V. in Amsterdam . Following the invasion of Yugoslavia and proclamation of the Independent State of Croatia , Dresdner Bank took a 53 percent stake in Jugoslavenska Banka , renamed Kroatische Landesbank by court order of 3 June 1941. Also in 1941, Dresdner Bank took over management control of
2275-927: The Länderbank's resources were used to finance the Nazi war effort, while in March 1939, Dresdner Bank acquired control of Böhmische Escompte-Bank. During World War II , Dresdner Bank took over the Böhmische Escompte-Bank in Prague , the Societatea Bancară Română in Bucharest , the Handels- und Kreditbank in Riga , and the Kontinentale Bank in Brussels . It also maintained majority control of
2340-461: The absorption of American securities by German investors. Operations in the orient and South America were carried on jointly in cooperation with the A. Schaaffhausen'scher Bankverein , including the establishment in 1905 of Deutsche Orientbank which also involved the Nationalbank für Deutschland . By end-1908, Dresdner Bank was the second-largest German joint-stock bank by total deposits, with
2405-512: The acquisition of the 49% minority stake of Allianz China Life Insurance Co, realizing the "China’s first wholly foreign-owned insurance asset management company". Allianz acquired in 1999 60% of the shares of Colombian insurer Colseguros, 3 years later in 2002 it increases its shareholding, becoming the sole owner of this company in Colombia. After almost 10 years in 2012 and with an evolutionary change of brand Colseguros dies as an official name and
2470-656: The advice of banker Eugen Gutmann . The bank's founding consortium of investors consisted of Allgemeine Deutsche Credit-Anstalt [ de ] (Leipzig), Berliner Handels-Gesellschaft (Berlin), Deutsche Vereinsbank [ de ] ( Frankfurt ), Deutsche Effecten- und Wechselbank [ de ] (Frankfurt) and Anglo-Deutsche Bank [ de ] ( Hamburg ), with an initial capital of 8 million Thalers (24 million Marks) and 30 employees in Wilsdruffer Strasse in Dresden . Gutmann became chairman of
2535-461: The bank's former chief executive ( German : Vorstandssprecher ) since 1942, was tried at Nuremberg and sentenced to seven years' imprisonment. The Deutsche Orientbank , Dresdner Bank's Turkish subsidiary, was liquidated in 1946. On 30 July 1977 in Oberursel ( Taunus ), Jürgen Ponto , the chairman of the board of directors of Dresdner Bank, was shot in his home during an attempted kidnapping by
2600-650: The company became the first insurer to obtain a license to distribute corporate policies. In 1904, Paul von Naher took over the sole leadership of the company, as it moved into the US and other markets. Markets entered by 1914 included the Netherlands, Italy, Belgium, France, the Scandinavian countries and the Baltic states, and Allianz had become the largest maritime insurer in Germany. The company suffered an early disaster in expansion when
2665-468: The company began to offer fire insurance, and in 1911 it began to sell machinery breakdown policies. Allianz remained the only company in the world that sold machine breakdown insurance until 1924. In 1918, it began offering automobile insurance as well through a joint venture called Kraft Versicherungs-AG. In 1921, Von Naher died and was succeeded by Kurt Schmitt . The company would begin to offer life insurance as of 1922, becoming Europe's largest offerer of
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2730-478: The company was Europe's largest insurer. In 2007 it was a founder member of the Hedge Fund Standards Board , which sets a voluntary code of standards of best practice endorsed by its members. On 31 August 2008, it was announced that Allianz had agreed to sell 60.2 per cent of Dresdner Bank to Commerzbank for €9.8 billion (US$ 14.4 billion), with an agreement that Commerzbank would acquire
2795-595: The country, as well as through the broad agents' network of Allianz Bulgaria Holding. The bank possesses a full banking license for carrying out banking and financial transactions. Allianz entered the Canadian market in the early 1990s through an acquisition of several North American insurers, namely the American Firemans Fund and the Canadian Surety . Upon the market exit the personal and commercial lines unit
2860-547: The customer base was expanded through the takeover of Jewish insurance houses as part of the Aryanization initiative (seizing Jewish businesses to put in non-Jewish hands). Allianz profited directly from deportations. From 1940 onwards, Allianz insured SS armaments factories, prisoners' barracks, material stores and vehicle fleets in concentration camps , including Auschwitz , Buchenwald and Dachau . Allianz employees regularly inspected concentration camps. During World War II,
2925-591: The development of 80 Fenchurch Street, a 240,000 sq ft office development in London. In October 2020, Allianz was named the world's top insurance brand by the Interbrand's Best Global Brands Ranking. On 1 August 2021, Allianz disclosed that the United States Department of Justice had launched a probe into Allianz to determine the role that executives had played in the loss of billions of euros from Allianz Global's Structured Alpha Funds. In September 2021,
2990-446: The entire operation of Colombia is consolidated under the name of Allianz. Finland In 2017, Allianz alongside Macquarie Group and Valtion Eläkerahasto acquired Elenia taking ownership of Finland's second largest power distribution system operator and ninth largest district heating network. Allianz offers a wide range of general, life and health insurance products in Germany through its Allianz Deutschland AG subsidiary. It
3055-595: The former Danat-Bank, of Mercurbank in Vienna , and of Deutsche Orientbank in Istanbul . Its deputy director was Hjalmar Schacht , soon-to-be Minister of Economy under Nazism . Following Adolf Hitler 's assumption of power in 1933, the Dresdner Bank, which had been founded by a Jewish banker, Eugen Gutmann , fired all 600 Jewish employees, including board members as well as bank clerks, and cancelled or confiscated their pensions. In May of 1933, "Nazi brownshirts swarmed into
3120-451: The history of Allianz that it "shows how important it is to diversify into related areas to hedge against the risk of fundamental changes in markets and economies". Allianz was a major supporter of the Nazi movement, and Hitler's first cabinet included the head of Allianz as a cabinet member. Allianz provided massive financial support at a crucial time for the expansion of the NSDAP. On 30 June 1933, Kurt Schmitt , Allianz Director-General,
3185-408: The integration, in October 2007, of three former insurance companies: RAS ("Riunione Adriatica di Sicurtà", Assurance Adriatic Reunion), established in Trieste in 1838 and based in Milan (part of the Allianz Group since 1987), Lloyd Adriatico , established in 1836 and based in Trieste (part of the Allianz Group since 1995) and Allianz Subalpina , established in 1928 and based in Turin (formerly
3250-501: The largest financial services company in Europe . In 2023, the company was ranked 37th in the Forbes Global 2000 . Also it is a component of the Euro Stoxx 50 stock market index . Its asset management division, which consists of PIMCO , Allianz Global Investors and Allianz Real Estate, has €2,432 billion of assets under management (AUM), of which €1,775 billion are third-party assets (Q1 2021). Allianz sold Dresdner Bank to Commerzbank in November 2008. Allianz
3315-542: The layoff of 7,280 employees, about 4 percent of its worldwide workforce at the time, as part of a restructuring program aimed at raising profitability ("Allianz Sustainability P&C and Life"). The reductions comprised 5,000 staff members at Allianz insurance operations and 2,480 at Dresdner Bank. In the same month, Allianz announced that its Dresdner Kleinwort Wasserstein investment banking operation would be renamed as simply Dresdner Kleinwort. In September 2005, Allianz announced that it would convert its holding company into
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#17328489790293380-449: The lobby of the Dresdner headquarters and smashed the bronze bust of Eugen to the ground." The bank was declared "Judenrein' ("cleansed" of Jews) and became a tool of Hitler's Nazi regime. The "Aryanized" bank fully participated in the Nazi regime's aryanization of Jewish businesses and became known as the bank of choice for Heinrich Himmler 's SS . As with other banks that had been nationalized to various degrees in 1931, Dresdner Bank
3445-434: The new entity's board and led it until his retirement in 1920. In the 1870s, the Dresdner Bank acquired smaller regional institutes and several banks. In 1881, it opened a branch in Berlin, whose activity quickly exceeded the nominal head office in Dresden. Therefore, the registered office moved to Berlin in 1884, while the place of jurisdiction remained in Dresden until 1950. In 1889, together with Deutsche Bank and others,
3510-460: The policies by the end of the 1920s. In 1927, Allianz merged with Stuttgarter Verein Versicherung AG, which was then the leading accident and third-party liability insurer. Two years later, it acquired the insurance businesses of Favag, a large German insurer that declared bankruptcy due to the onset of the Great Depression. Expansion of the company then slowed until 1938 at which point it employed more than 24,000 people. Christian Stadler wrote of
3575-430: The previous fiscal cycle. Allianz has operations in over 70 countries and has around 150,000 employees. The parent company, Allianz SE, is headquartered in Munich. Allianz has more than 100 million customers worldwide and its services include property and casualty insurance, life and health insurance and asset management. In 2013, it was number 25 on the global Forbes 2000 list. Allianz Australia Insurance Limited
3640-417: The remainder of Dresdner Bank by the end of 2009. After renegotiations, it was announced in November 2008 that Commerzbank would acquire the 100% ownership of Dresdner Bank earlier (12 January 2009). The sale price was lowered to 5.5 billion Euro. Shortly after the transaction completed, Commerzbank was partially nationalized by the German government to save it from bankruptcy. Allianz currently retains
3705-512: The selling of its closed classical life insurance retail insurance book with covering assets such as mortgages to Monument Re. Allianz Bank Bulgaria is a universal commercial bank having its headquarters in Sofia. It was established in 1991. On 13 October 2003 the bank received the name of its principal shareholder – Allianz Bulgaria Holding. Before that the bank was named 'Bulgaria Invest' Commercial Bank. Allianz Bank Bulgaria offers its products in more than hundred branches and offices all over
3770-413: Was a major supporter of the Nazi movement and f.i. insurer of the Auschwitz concentration camp. Allianz AG was founded in Berlin on 5 February 1890 by the then-director of the Munich Reinsurance Company Carl von Thieme (a native of Erfurt , whose father was the director of the Thuringia insurance company) and Wilhelm von Finck (co-owner of the Merck Finck & Co. Bank ). The joint company
3835-436: Was appointed Economics Minister for Nazi Germany under Adolf Hitler and became an SS honorary member. He was a supporter of 'Aryanization' and pushing out Jews from public life in Germany. He later received various honours from the SS including the Deaths Head and Iron Cross. From 1933 to 1945, Allianz insured sub-organizations of the NSDAP and opened up new areas of business as the German Reich expanded. Among other things,
3900-458: Was closely involved in the occupation of Europe , "essentially acting as the bank of the SS in Poland". As a result of World War II 80% of the bank's buildings were destroyed, costing the bank 162 offices in 56 locations. Following the end of World War II in Europe , the chairman of the bank's supervisory board, Carl Goetz [ de ] , was arrested by the American occupation forces and held in custody until late 1947. Karl Rasche ,
3965-418: Was founded 1914 as Manufacturers Mutual Insurance (MMI). Allianz acquired MMI in 1998. Allianz Australia operates throughout Australia and New Zealand and through its subsidiaries offers a range of insurance and risk management products and services. Subsidiaries of Allianz Australia include Club Marine, Allianz Life and Hunter Premium Funding. In 2012, Allianz Australia announced a multi-year agreement with
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#17328489790294030-456: Was listed in Berlin's trade register under the name Allianz Versicherungs-Aktiengesellschaft . The company was established with a start-up capital of 4 million marks. The first Allianz products were marine and accident policies that were initially sold only in Germany. However, in 1893, Allianz opened its first international branch office in London, distributing marine insurance coverage to German clientele looking for coverage abroad. In 1900,
4095-441: Was located in the massive former German embassy on St. Isaac's Square and was a joint venture with Banque nationale de Paris (BNP) . The bank has had a lucrative business relationship with Gazprom and the state oil company Rosneft . The bank advised on the forced sale of Yukos assets. In 2017, Frankfurt prosecutors, together with federal crime police and tax officials, conducted searches of Commerzbank offices as well as
4160-461: Was reprivatised in stages in 1936-1937. After the Nazi Anschluss in 1938, Dresdner Bank on 15 June 1938 acquired ownership of Vienna-based Länderbank through its local subsidiary the Mercurbank, in a transaction forced under duress. The Prague-based Živnostenská Banka 's Austrian subsidiary was simultaneously subsumed in the merged entity, renamed Länderbank Wien AG . The new Länderbank had 33 branch offices in Vienna (36 after acquisition of
4225-530: Was sold off to the market leader ING Canada (Now Intact ), and Allianz Canada continues operations in Cambridge, Ontario . Allianz Canada has also merged with TIC Travel Insurance in 2014 and has become one of the largest insurance companies in Canada as a result. In January 2021, the China Banking and Insurance Regulatory Commission authorized the Allianz group to establish Allianz Insurance Asset Management, owned by Allianz China Iamc and based in Beijing . The next month, Allianz agreed with CITIC Trust
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