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.
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.
In 1905 the company acquired Fides Insurance Company, a firm that had innovated the first form of home invasion insurance.
The company suffered an early disaster in expansion, when the 1906 San Francisco earthquake caused the company to sustain 300,000 marks in losses.
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.
In 1918 it began to offer automobile insurance as well.
In 1921 Von Naher died and was succeeded by Kurt Schmitt.
Allianz remained the only company in the world that sold machine breakdown insurance until 1924.
In 1927 Allianz merged with Stuttgarter Verein Versicherung AG and two years later acquired the insurance businesses of Favag, a large German insurer that declared bankruptcy due to the onset of the Great Depression.
On June 30, 1933, Kurt Schmitt, Allianz Director-General, was appointed Economics Ministers for the Third Reich under Adolf Hitler.
Allianz opened an office in Paris in 1959, and started repurchasing stakes in former subsidiaries in Italy and Austria.
In 1999, Allianz purchased investment management firm PIMCO.
In September 2005, Allianz announced that it would convert its holding company into a Societas Europaea SE Latin European Company , becoming one of the first major companies to do so.
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.
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.
|Company Name||Founded Date||Revenue||Employee Size|
Builders Mutual Insurance Company1984
The Philadelphia Contributionship1752
TIG Insurance Company1911