USX:ALIZY - Allianz SE Allianz SE ADR
Sector: Financials, Industry: Multi-line Insurance
Next Earnings: 15 May 2024
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USD 30.06    +0.19 (+0.64%)

27 Mar 2024


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General

CEO: Mr. Oliver Bate

Headquarters: US

Employees: 159,253

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Description

Allianz was founded as a transport and accident insurance firm in 1890 by Carl Thieme and Wilhelm Finck, the founders of Munich Re. It took the company 5 years to expand the business into Europe and North America and subsequently listed in Berlin. After the First World War, individuals became confronted with the loss of wealth, life, and security and Allianz founded a life business in the 1920s. In the years after the Second World War, Allianz’s foreign assets were seized and it lost its foreign business. By relocating its head office from Berlin to Munich in 1948, Allianz began the long road of rebuilding its domestic business. It took almost 20 years for Allianz to reacquire its prior foreign interests, starting in Austria. It became the largest European insurer in the postwar boom era.

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