Allianz SE history, profile and corporate video
Allianz SE is engaged in the provision of financial solutions, insurance services, risk consulting and public investment funds. It operates through the following segments: Property-Casualty, Life/Health, Asset Management, and Corporate and Other. Its products include private insurance, business insurance, asset management, global lines, global assistance and services, and sustainable solutions. The company was founded by Carl Thieme and Wilhelm Finck on February 5, 1890, and is headquartered in Munich, Germany.
Allianz AG was founded in Berlin on 5 February 1890 by then director of the Munich Reinsurance Company Carl von Thieme (a native of Erfurt, whose father was the director of Thuringia) and Wilhelm von Finck (co-owner of the Merck Finck & Co bank). The joint company was listed in Berlin’s trade register under the name Allianz Versicherungs-Aktiengesellschaft. The first Allianz products were marine and accident policies first sold only in Germany, however in 1893 Allianz opened its first international branch office in London. It distributed marine insurance coverage to German clientele looking for coverage abroad.
In 1900 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 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 it would expand into during the 1910s and 1920s included Palestine, Cyprus, Iraq, China, the Dutch Indies, Ceylon, and Siam.
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “allianz“