Munich, Germany
Munich, Germany

Allianz SE , AL-i-ənts) is a German multinational financial services company headquartered in Munich. Its core business and focus is insurance. As of 2013, it is the world's largest insurance company, the 11th-largest financial services group and 25th-largest company according to a composite measure by Forbes magazine, as well as the largest financial services company when measured by 2012 revenue.Its Allianz Global Investors division ranks as a top-five global active investment manager, having €1,770 billion of assets under management , of which €1,131 billion are third-party assets , with specialized asset managers including PIMCO , RCM and Degi .Allianz sold Dresdner Bank to Commerzbank in November 2008. As a result of this merger, Allianz gained a 14% controlling stake in the new Commerzbank. Wikipedia.

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News Article | May 16, 2017
Site: www.businesswire.com

MINNEAPOLIS--(BUSINESS WIRE)--Although more women are taking the reins of their household finances, divorce and widowhood remain significant roadblocks to achieving true financial security, according to the newly updated Allianz Women, Money, and Power® Study* from Allianz Life Insurance Company of North America (Allianz Life®). More than six in 10 (64%) divorced respondents said their divorce created a financial crisis for them and nearly an equal amount (59%) noted that losing their spouse/significant other due to divorce was a real “wake-up call” for them from a financial standpoint. Although fewer widowed respondents (43%) said losing their spouse due to the spouse’s death created a financial crisis, a full 60% felt the loss of their spouse served as a financial wake-up call. These responses came despite the fact that the majority of women in the study (51%) claimed they are the chief financial officer (CFO) of their household, and more than two-thirds (68%) of women said they currently feel financially secure, with that number rising to 73% for married women. “It’s clear that no matter how confident women feel about their current financial situation and ability to manage money, divorce and/or becoming a widow can create turmoil that has lasting effects,” said Allianz Life Senior Director of Consumer Insights Deb Repya. “It’s important that women play an active role in every aspect of their family’s financial planning so they are better prepared for whatever challenges the future may bring.” When asked what worries keep them up at night, more than a third (34%) of women in the study identified “running out of money in retirement” as their top concern. Not surprising, this fear was much higher for divorcees and widows with half of all divorced respondents and a full 40% of widowed respondents ranking it as their biggest worry. Furthermore, divorced women said they struggle the most with saving enough to meet their goals, with 65% agreeing it’s hard to save for both short- and long-term goals because they live paycheck to paycheck. This response was significantly higher than that from either single (51%) or married (47%) respondents. Working with a financial professional can help mitigate the uncertainty that comes with the loss of a spouse. Currently, only 30% of women in the study reported using a financial professional for guidance, but 75% of those who do say they wish they had done it sooner. While connecting with a financial professional can help instill confidence to deal with future challenges, these relationships can be problematic, as many women say they feel left out of the financial planning conversation. More than half (51%) claim the professional treats their spouse/partner as the decision-maker, and this happens regardless of whether the financial professional is male or female. Today’s women also feel compelled to share their knowledge with younger family members. When asked what advice they should pass on to their daughters/granddaughters, more than 80% of both divorced and widowed respondents said, “don’t depend on others for your financial security.” Similarly, more than three-quarters of divorced and widowed respondents also advocated “planning early” and for the next generations to “have a financial plan.” “It’s never too early to start building up your financial acumen, whether that means researching financial topics on your own, getting more practice by taking on increased responsibility at home or communicating the importance of financial planning to younger family members,” added Repya. Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2016, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. In 2015, Allianz Life provided a total of $2.6 billion in benefit payments that supported policyholders’ financial objectives. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees in more than 70 countries worldwide. More than 85 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities. *The Allianz Life Women, Money, and Power Study was commissioned by Allianz Life Insurance Company of North America in October 2016 with some questions resurveyed from the 2013 Allianz Women, Money, and Power Study. 1,416 women, ages 25-75 with household income of $30,000/year or higher, completed the online survey.


MINNEAPOLIS--(BUSINESS WIRE)--Allianz Life Insurance Company of North America (Allianz Life®) has hired Tobias Fritsch as chief operating officer for the Allianz Investment Management (AIM) division. In his new role, Fritsch will be responsible for enabling all hedging, investment strategy, and portfolio management activities for AIM, which has more than $100 billion in assets under management in the U.S. Fritsch will lead the functions responsible for middle and back office accounting and operations support, strategic IT systems, and overall program and financial management. He will report to Allianz Life Chief Investment Officer, Todd Hedtke. “Tobias brings a strong understanding of global Allianz initiatives, which is hugely beneficial as our team collaborates with colleagues around the world to direct our company-wide investment strategy,” said Hedtke. “We are excited to utilize his vast leadership experience in both operations and investment management in order to make AIM a more efficient and effective organization.” Fritsch joins Allianz Life from Allianz Global Investors (AGI) in Berlin, Germany where he was an executive program manager responsible for leading a strategic initiative to redesign and transform the target operating model of AGI. He was also responsible for an acquisition and post-merger integration of Rogge, a global fixed income asset manager, into AGI. Fritsch joined Allianz in 2009, holding various leadership roles with AGI, Allianz Managed Operations & Services (AMOS) and Allianz Deutschland. Previous to Allianz, he was a consultant with A.T. Kearney. Fritsch holds multiple advanced degrees in the areas of business administration, eTechnical engineering, computer science, economics, political science and government, history and literature, sociology, and philosophy. Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2017, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. In 2016, Allianz Life provided a total of $2.6 billion in benefit payments that supported policyholders’ financial objectives. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees in more than 70 countries worldwide. More than 85 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.


A consortium made up of Allianz, EDF Invest and DIF has completed the acquisition of a 6.94 percent stake in Autostrade per I’Italia, the largest Italian toll road network which is majority owned by Atlantia, the listed global operator of motorway and airport infrastructure. This is an increase from the binding agreement to acquire a 5 percent shareholding announced in April 2017 by use of a call option to acquire additional shares. MUNICH, 28-Jul-2017 — /EuropaWire/ — The consortium is comprised of long-term infrastructure investors Allianz Capital Partners on behalf of the Allianz Group (60 percent), EDF Invest (20 percent) and DIF (20 percent). Autostrade per I’Italia is the largest toll motorway concession asset in Europe representing more than 50 percent of Italy’s toll motorway network, stretching some 3,000 km across 16 Italian regions comprising 21 toll motorways, which cover essential transport links mainly in the northern part of Italy around the major economic urban areas as well as the two principal north-south routes, the A1 Milan-Naples and the A14 Bologna-Taranto. Commenting on the closing of this deal, Christian Fingerle, Chief Investment Officer at Allianz Capital Partners, said: “This investment matches our strategy to deliver long-term benefits to our customers at Allianz. In addition to this, Autostrade per I’Italia has delivered outstanding economic benefits in Italy.  We now look forward to working with Atlantia and our consortium partners to facilitate the continued delivery of high-quality service for motorists and commuters.” Guillaume d’Engremont, Managing Director of EDF Invest, said: “EDF Invest is very pleased to complement its portfolio through this investment in ASPI, alongside Tier 1 international investors, and under the continued management of our partner Atlantia.” Wim Blaasse, Managing Partner of DIF, said: “DIF is pleased to invest in this high quality and well diversified road network alongside our consortium partners and to establish this long-term relationship with Atlantia.” About Allianz Capital Partners Allianz Capital Partners is the Allianz Group’s in-house investment manager for alternative equity investments. With offices in Munich, London, New York and Singapore Allianz Capital Partners manages approximately EUR 18 billion of alternative assets. The investment focus is on infrastructure, renewables as well as private equity funds. ACP’s investment strategy is targeted to generate attractive, long-term and stable returns while diversifying the overall investment portfolio for the Allianz Group insurance companies.. About Allianz The Allianz Group is one of the world’s leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.3 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold a leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenue of 122 billion euros and an operating profit of 11 billion euros for the group. About EDF Invest EDF Invest is the unlisted investment arm of EDF’s Dedicated Assets, the asset portfolio which covers its long-term nuclear decommissioning commitments in France. EDF Invest manages a portfolio of over 5 billion euros equity investments through three asset classes: infrastructure, real estate and private equity. The existing infrastructure portfolio includes stakes in RTE (the French electricity transmission company), Géosel (an oil storage company based in Manosque), Thyssengas (the third largest gas TSO in Germany), Aéroports de la Côte d’Azur (the second largest French airport operator, in joint control with Atlantia), TIGF (a gas transport and storage company operating in the South-West of France), Madrileña Red de Gas (the operator of the main gas distribution network in the region of Madrid) and Porterbrook (one of the three main rolling stock owning companies in the UK). About DIF DIF is an independent and specialist fund management company, managing funds of approximately 4.2 billion euros across seven closed-end investment funds and several co-investment vehicles. DIF’s main funds target PPP / PFI / P3, regulated infrastructure assets and renewable energy projects in Europe, North America and Australasia. DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney. As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer: Disclaimer


Allianz Life Insurance Company of North America signs multi-year naming rights sponsorship agreement for Minnesota United FC’s new soccer stadium in St. Paul, Minn. Allianz Field becomes the 1st Allianz-sponsored stadium in North America and 8th globally New state-of-the-art home for Minnesota United FC to open in 2019 Allianz Life Insurance Company of North America signs on as official stadium sponsor Munich/Minneapolis, 28-Jul-2017 — /EuropaWire/ — Allianz Life Insurance Company of North America, a member of the Allianz Group, and Minnesota United FC today announced a multi-year naming rights sponsorship agreement for the team’s new soccer stadium in St. Paul, Minn., which will be known as Allianz Field. The new stadium, which is being privately paid for by a partnership composed of Minnesota-based families and business leaders, is the first stadium in Minnesota without a direct public subsidy. “We are very happy to welcome Allianz Field to our global family of stadiums,” said Jean-Marc Pailhol, Head of Group Market Management and Distribution at Allianz SE. “Allianz Life is the leading provider of retirement and protection solutions in the U.S. and this stadium partnership, our first in North America, provides us with a great opportunity to share our passion for soccer and reinforce our commitment to the community.” Scheduled to complete construction in time for the start of the 2019 Major League Soccer (MLS) season, Allianz Field joins seven other Allianz-sponsored stadiums located in some of the most dynamic cities around the world. As the newest landmark in the greater Minneapolis/St. Paul area, Allianz Field will be among the most state-of-the-art and unique stadiums in the MLS and a place where members of the Twin Cities community can gather for a variety of events, ranging from MLS and global exhibition matches to youth soccer and community celebrations. The stadium will have a translucent PTFE laminate mesh skin and features LED lighting technology similar to Allianz Arena in Munich, which allows the stadium to change colors in response to different events and activities. The stadium will feature modern amenities and advanced technology, and is specifically designed to positively address sustainability while minimizing environmental impact and energy usage. About Allianz The Allianz Group serves 86 million retail and corporate customers in more than 70 countries, making it one of the world’s largest insurers and asset managers. In 2016, over 140,000 employees worldwide achieved total revenues of 122.4 billion euros and an operating profit of 10.8 billion euros. Allianz Group managed an investment portfolio of 653 billion euros. Additionally our asset managers AllianzGI and PIMCO managed over 1.3 trillion euros of third-party assets. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property and health insurance to assistance services to credit insurance and global business insurance. As an investor, Allianz is active in a variety of sectors including debt, equity, infrastructure, real estate and renewable energy. The Group’s long-term value strategies maximize risk-adjusted returns. About Allianz Life Insurance Company of North America Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2017, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. In 2016, Allianz Life provided a total of $2.6 billion in benefit payments that supported policyholders’ financial objectives. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees in more than 70 countries worldwide. More than 85 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities. Forward Looking Statement disclaimer As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer: Disclaimer Press contact Bettina Sattler Allianz SE Phone: +49 89 3800 16048 Send email Brett Weinberg Allianz Life Insurance Company of North America Phone: +1 763 765 7160 Send email


- Allianz Capital Partners and Canada Pension Plan Investment Board today signed an agreement with Gas Natural Fenosa to acquire a 20% minority equity interest in its gas distribution business in Spain - Allianz Capital Partners, on behalf of Allianz, and Canada Pension Plan Investment Board will invest EUR 1,500 million MUNICH, GERMANY and TORONTO, ONTARIO--(Marketwired - Aug. 3, 2017) - Allianz Capital Partners and Canada Pension Plan Investment Board ("CPPIB"), through its wholly owned subsidiary, CPP Investment Board Europe S.à r.l., signed an agreement today with Gas Natural Fenosa ("GNF") to acquire a 20% minority equity interest in its gas distribution business in Spain ("GNDB"). Allianz Capital Partners, on behalf of the Allianz Group, and CPPIB will invest EUR 1,500 million for the 20% equity interest. The equity investments for Allianz Capital Partners and CPPIB are EUR 600 million and EUR 900 million, respectively. Allianz Capital Partners and CPPIB are long-term infrastructure investors with significant experience investing in regulated utilities, including the gas sector, and with a strong track-record of partnering with strategic investors in infrastructure businesses. "GNDB represents an attractive opportunity for our customers and is fully aligned with our investment strategy of investing in core infrastructure assets. We are very pleased to be entering into a new partnership with GNF as a leading international energy group and look forward to further strengthening our relationship with GNF and CPPIB and to support the continued success of this high quality business," said Christian Fingerle, Chief Investment Officer at Allianz Capital Partners. "GNDB is a core infrastructure asset that fits well with CPPIB's infrastructure portfolio, providing long-term stable cash flows for the CPP Fund. We look forward to establishing an enduring partnership with GNF and Allianz in this world-class business, and in adding to our investments in Spain," said Cressida Hogg, Managing Director, Global Head of Infrastructure, CPPIB. GNDB is the largest gas distribution network in Spain with more than 5.3 million connection points and serving some 1,100 municipalities. It serves a geographically diversified residential and industrial customer base across Spain, providing its customers with access to a cost-efficient, reliable and environmentally friendly source of energy. Post transaction, GNF will continue to own an 80% equity shareholding in GNDB, which will remain a core part of GNF's portfolio. Commenting on this agreement, Rafael Villaseca Marco, Chief Executive of GNF, said, "GNDB is a premium asset in the gas sector in Spain and essential part of our investment strategy. We welcome the opportunity to partner with these two well renowned long-term infrastructure investors and continue to invest in further expanding the gas network in Spain and maintaining high efficiency of operations and quality of customer service." Completion of the transaction, which is subject to certain regulatory approvals, is expected by January 2018. Allianz Capital Partners is the Allianz Group's in-house investment manager for alternative equity investments. With offices in Munich, London, New York and Singapore Allianz Capital Partners manages approximately EUR 19 billion of alternative assets. The investment focus is on infrastructure, renewables as well as private equity funds. ACP's investment strategy is targeted to generate attractive, long-term and stable returns while diversifying the overall investment portfolio for the Allianz Group insurance companies. (allianzcapitalpartners.com) The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world's largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.3 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold a leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenue of 122 billion euros and an operating profit of 11 billion euros for the group. (allianz.com) Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 20 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, São Paulo and Sydney, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2017, the CPP Fund totalled C$316.7 billion. Gas Natural Fenosa is a multinational leader in the energy sector, a pioneer in the integration of gas and electricity. Present in more than 30 countries, the company offers services to almost 22 million customers in five continents, and manages a total installed capacity of 15.5 GW with a diversified mix of electricity generation technologies. GNDB is the largest natural gas distribution company in Spain. The company manages a c. 53,000km distribution network that delivers natural gas to over 5.3 million connection points in approximately 1,100 municipalities in Spain. In addition to the gas distribution activities, which include regulated services such as inspections, gas meter rentals, and other services, the company also manages a 1,255 km gas transmission network and 2,249 km of LPG network and c. 244k LPG connection points. These assessments are, as always, subject to the disclaimer provided below. The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements. Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.


NEW YORK--(BUSINESS WIRE)--Allianz Real Estate today announced the formation of a joint venture with Columbia Property Trust. Together, they will pursue the acquisition of Class-A office properties located in select markets in the United States. Allianz Real Estate of America, based in New York, is responsible for executing portfolio strategies in the Americas on behalf of a number of Allianz Group insurers. The closing on the first assets occurred July 6th. The two investors have initially contributed three unencumbered properties to the joint venture that have a combined gross asset value of $1.26 billion. Columbia contributed two of its properties in the San Francisco Bay area. These include University Circle, a 451,000-square-foot office complex in Palo Alto valued at $540 million, which Columbia acquired in 2005, and 333 Market Street, a 657,000-square-foot office tower in the Financial District valued at $500 million, which Columbia acquired in 2012. Allianz now owns a 22.5% interest in University Circle and 333 Market Street, while Columbia owns 77.5% and will continue to oversee property management and leasing at these two properties, as well as management of day-to-day operations of the joint venture. Columbia was advised by Holliday Fenoglio Fowler, L.P. (HFF) and J.P. Morgan Securities LLC on the transaction. Within the next twelve months, Allianz will increase its ownership interest in both University Circle and 333 Market Street to 45%, thereby adjusting Columbia’s ownership percentage in these two properties to 55% and self-funding the venture for Columbia. Allianz contributed 114 Fifth Avenue to the joint venture. This property is a 352,000-square-foot office building in Manhattan valued at $220 million which Allianz has owned since 2015 along with its partner, L&L Holding Company. Fully-leased to a strong roster of tenants, this landmark office asset is located in the vibrant Flatiron District of Midtown South and offers attractive historic architecture, tall ceilings and large floorplates throughout the building. The 19-story tower provides sweeping cityscape views and has few approaching capital needs, following a recent $45 million investment in infrastructure and contemporary renovations. At 114 Fifth Avenue, Columbia and Allianz each own 49.5%, while L&L retains its general partnership stake and will continue as the property management and leasing agent for this Midtown South building. Allianz was advised by Cushman & Wakefield of New York, NY on 114 Fifth Avenue. “Our investment in this joint venture achieved our immediate goal of acquiring premier office assets in core locations on the West Coast,” said Christoph Donner, chief executive officer of Allianz Real Estate of America. “Over the long-term, the opportunity to further diversify and expand our national geographic exposure in the U.S. office sector, and to form a strategic partnership with Columbia Property Trust is a win-win situation. It is rare to find an investment partner of their caliber with objectives so closely aligned with ours.” “This joint venture provides the ideal opportunity for us to partner with an exceptional, well-respected organization as we increase scale in our core markets,” said Nelson Mills, president and chief executive officer of Columbia Property Trust. “We look forward to working with the Allianz team to pursue additional opportunities in line with our mutual investment objectives in select U.S. gateway markets.” Through the joint venture, Allianz and Columbia Property Trust intend to pursue additional core office assets in CBD locations. About Columbia Property Trust Columbia Property Trust (NYSE: CXP) owns and manages Class-A office buildings primarily in high-barrier-to-entry, primary markets. Its portfolio includes 16 operational properties containing eight million square feet, concentrated in New York, San Francisco, and Washington, D.C. Columbia carries an investment-grade rating from both Moody’s and Standard & Poor’s. For more information, please visit www.columbia.reit. About Allianz The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.3 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold a leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenue of 122 billion euros and an operating profit of 11 billion euros for the group. About Allianz Real Estate Allianz Real Estate is the strategic center of expertise in real estate within the Allianz Group and a leading international real estate investment and asset manager. Allianz Real Estate develops and executes worldwide tailored portfolio and investment strategies on behalf of the Allianz companies, considering direct as well as indirect investments and real estate loans. The operational management of investments and assets is currently performed in seven international subsidiaries and hubs in Germany, France, Switzerland, Italy, Spain, USA and Singapore. The headquarters of Allianz Real Estate are located in Munich and Paris. Allianz Real Estate has approximately EUR 50 bn assets under management. About Allianz Real Estate of America Allianz Real Estate of America is responsible for equity and commercial mortgage loan investments in the Americas. Allianz Real Estate of America, based in New York, has a portfolio of over $14 billion (€13 billion) with its holdings diversified across more than 30 metro markets and property types spanning office, multi-family, retail, and industrial. As always, the evaluations are subject to the following cautionary notes. Cautionary Note Regarding Forward-Looking Statements In so far as forecasts or expectations are expressed in this document or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results and developments may therefore differ considerably from the expectations and assumptions made. Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. No duty to update The company is under no obligation to update the information and the forward-looking statements made in this report, provided there is no statutory publication requirement.


News Article | May 24, 2017
Site: www.forbes.com

Though sales at Royal Dutch Shell have been declining, the company's profit more than doubled in the past year – catapulting it to the top of our 2017 list of Europe's largest companies. Shell is one of 469 Europe-based public companies on Forbes' Global 2000, our annual ranking of the world’s largest public companies. For the past year, Shell saw $234 billion in sales,$4.6 billion in profit, $411 billion in assets and a market cap of $228 billion. In 2016, the company ranked as the 50th largest company in the world. Today, it ranks 20th. German companies dominated the top 25 in Europe, with Allianz SE taking the number two spot, and 21st globally. The insurance company saw $115 billion in sales,$7.6 billion in profit, $935 billion in assets and a market cap of $83 billion. France's BNP Paribas returns to the list this year as the third largest European company (up one spot from last year), with $74 billion in sales,$8.3 billion in profit, $2.2 trillion in assets and a market cap of $80 billion. Amidst Brexit negotiations, last year's European leader HSBC Holdings fell in the global rankings from 14th to 48th. Volkswagen’s 2015 emission scandal has continued to haunt the company, as its global rank dropped from 22 to 28. In 2015, the German automaker ranked the 14th largest company in the world. For more coverage of the FORBES Global 2000 ranking of the world’s largest public companies, see below: Global 2000: The Largest Companies In China In 2017 Here's How Much Of Russia's Biggest Banks And Drillers The Kremlin Owns World's Largest Retailers 2017: Amazon & Alibaba Are Closing In On Wal-Mart World's Largest Food And Beverage Companies 2017: Nestle, Pepsi And Coca-Cola Dominate The Field


News Article | May 24, 2017
Site: marketersmedia.com

— The Global Mobile Phone Insurance Market is expected to account for nearly $20 Billion revenue in 2016. The market is further expected to grow at a CAGR of approximately 12% over the next four years, eventually accounting for over $30 Billion in revenue by the end of 2020. Browse 47 Figures and 7 Chapters, the Report Spread across 120 pages is available for Discount at http://www.rnrmarketresearch.com/contacts/discount?rname=666215. Given the increasing prevalence of expensive household goods, cars and consumer electronics, insurance has become an unavoidable and often necessary cost in modern life. Mobile phones, and smartphones in particular are no exception to this trend. Most major wireless carriers, insurance specialists, device OEMs, retailers and even banks now offer insurance plans that cover theft, loss, malfunctions and damage of mobile phones. Many policies now also integrate enhanced technical support and additional protection features such as data backup facilities, allowing users to securely backup their phone data online. List of Companies Mentioned: A Wireless, AIG (American International Group), Allianz Insurance, Allianz SE Group, América Móvil, AmTrust International Underwriters, Aon, Appalachian Wireless, Apple, Assurant, Asurion, AT&T, AT&T Mobility, Aviva, AXA, Barclays, Best Buy, Bouygues Telecom, Brightstar Corporation, BT Group, Cellebrite, Chubb, CWS (Connected World Services Distributions), Diamond Wireless, Dixons Carphone, DT (Deutsche Telekom) Topics Covered: • Mobile phone insurance ecosystem • Market drivers and barriers • Insurance policy structure, distribution channels and key trends • Case studies of mobile phone insurance initiatives • Industry roadmap and value chain • Profiles and strategies of over 40 leading ecosystem players • Strategic recommendations for ecosystem players • Market analysis and forecasts from 2016 till 2030. •In an effort to boost the uptake of mobile phone insurance, wireless carriers and insurance providers have extensively enhanced their insurance offerings with the addition of location tracking, data protection/recovery features and integrated technical support. •The success of mobile phone insurance plans has driven several wireless carriers, such as NTT DoCoMo and Orange, to invest in the sales of other insurance products through mobile phones and their retail outlets. •New insurance models are also beginning to emerge, such as London-based So-Sure’s social insurance for mobile phones, which allows customers to get up to 80% of their money back, if they and their friends don’t claim. •Device OEMs are beginning to invest in tailored plans to suit the specific requirements of certain regional markets. A good example is Xiaomi’s Mi Protect plan in India, which covers accidental and liquid damage, for as little as $7 per year. Another related report “Mobile Phone Insurance Revenue Forecasts: 2016 – 2030” datasheet presents market size forecasts for the mobile phone insurance market from 2016 through to 2030, is available for purchase @ http://www.rnrmarketresearch.com/contacts/purchase?rname=739645 - US $1000. About Us: ReportsnReports.com is single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. For more information, please visit http://www.rnrmarketresearch.com/the-mobile-phone-insurance-ecosystem-2016-2030-opportunities-challenges-strategies-forecasts-market-report.html?utm_source=Mrktrmdia&utm_medium=giti


News Article | May 23, 2017
Site: www.businesswire.com

MINNEAPOLIS--(BUSINESS WIRE)--Allianz Life Insurance Company of North America (Allianz Life®) today announced the launch of two new index variable annuity (IVA) products, Allianz Index Advantage ADVSM Variable Annuity and Allianz Index Advantage NFSM Variable Annuity. Modeled after the successful flagship Allianz Index Advantage® Variable Annuity, the new offerings provide multiple ways to benefit from the balance of performance potential and level of protection. The new IVA product lineup now positions Allianz Life to better capitalize on the growing demand for IVAs and brings the well-received concept of upside potential with some protection to a broader market of consumers. Allianz Index Advantage ADV is exclusively designed to fit within a fee-based portfolio, while Allianz Index Advantage NF, with no annual product fee on the index strategies, establishes another option for fee-sensitive clients. “By offering Index Advantage ADV and Index Advantage NF, Allianz Life now has a suite of index variable annuity products that help balance risk and return, giving clients more options for building a solid retirement foundation,” said Allianz Life Chief Distribution Officer Tom Burns. “These IVAs offer an opportunity to grow a client’s retirement nest egg by being able to participate in market gains while still having a level of asset protection.” Index Advantage ADV and Index Advantage NF both help clients reach long-term financial goals by offering the combination of variable options and three index options giving a balance between protection and performance potential. Both of these potential solutions also offer features including tax-deferred growth opportunities and a built-in death benefit. As with any investment vehicle, variable annuities are subject to risk, including possible loss of principal. Investment returns and principal will fluctuate with market conditions so that contract values, upon distribution, may be worth more or less than the original cost. For more complete information about Allianz index variable annuities and the variable options, call Allianz Life Financial Services, LLC at 800.542.5427 for a prospectus. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the variable annuity and variable options, which your clients should carefully consider. Encourage your clients to read the prospectuses thoroughly before sending money. Withdrawals will reduce the contract value and the value of any protection benefits. Additional withdrawals taken within the withdrawal charge period will be subject to a withdrawal charge. All withdrawals are subject to ordinary income tax and, if taken prior to age 59½, may be subject to a 10% federal additional tax Guarantees are backed by the financial strength and claims-paying ability of the issuing company and do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions. Products are issued by Allianz Life Insurance Company of North America and distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. www.allianzlife.com (L40538, L40538-NF) Not FDIC insured •May lose value •No bank or credit union guarantee •Not a deposit •Not insured by any federal government agency or NCUA/NCUSIF. Product and feature availability may vary by state broker/dealer. Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For® in 2017, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. In 2016, Allianz Life provided a total of $2.6 billion in benefit payments that supported policyholders’ financial objectives. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees in more than 70 countries worldwide. More than 85 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.


News Article | October 2, 2017
Site: www.businesswire.com

NEW YORK & MUNICH--(BUSINESS WIRE)--Allianz announced today the financing of the retail and office center 1111 Lincoln Road in Miami Beach, FL. Allianz is the sole lender on the first mortgage arranged for Universal-Investment on account of the fund’s sponsor, Bayerische Versorgungskammer (BVK), Germany’s largest pension fund. Allianz Real Estate executed the transaction on behalf of its US Allianz insurance company investors. Universal-Investment is Germany’s leading real estate master KVG platform for institutional investors. With this investment, Allianz has further expanded its relationship with BVK and CBRE Global Investors. CBRE Global Investors acted as the investment advisor to Universal-Investment and BVK for this transaction. “This transaction is representative of our goal to grow our portfolio and strengthen its diversity in terms of asset type and geographic location,” said Christoph Donner, CEO of Allianz Real Estate of America. “1111 Lincoln stands at the gateway to Lincoln Road’s pedestrian promenade and attracts both locals and visitors looking for the ultimate urban shopping, dining and parking experience. The property has a strong sponsor, is unique, and diversified in terms of its tenant base.” Designed by Herzog & de Meuron, 1111 Lincoln Road combines retail, dining, commercial and parking in a single complex that serves as the Western Anchor of Lincoln Road in Miami Beach. This iconic property features 52,300 square feet (ca. 4,860 square meters) of modern retail and restaurant space occupied by well-known international tenants, 91,800 square feet (ca. 8,500 square meters) of creative office space, and 25,000 square (ca. 2,300 square meters) feet of event space boasting spectacular city and ocean views. About Allianz The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenues of 122 billion euros and an operating profit of 11 billion euros for the group. About Allianz Real Estate Allianz Real Estate is the strategic center of expertise in real estate within the Allianz Group and a leading international real estate investment and asset manager. Allianz Real Estate develops and executes worldwide tailored portfolio and investment strategies on behalf of the Allianz companies, considering direct as well as indirect investments and real estate loans. The operational management of investments and assets is currently performed in seven international subsidiaries and hubs in Germany, France, Switzerland, Italy, Spain, USA and Singapore. The headquarters of Allianz Real Estate are located in Munich and Paris. Allianz Real Estate has approximately 53 billion euros in assets under management. These assessments are, as always, subject to the disclaimer provided below. About Bayerische Versorgungskammer Bayerische Versorgungskammer is the competence and service center for occupational and communal pension schemes and Germany's largest pension scheme group under public law. As a public authority of the Bavarian Ministry of the Interior, it is the joint executive body of twelve liberal professions´ and communal pension schemes. Bayerische Versorgungskammer covers about 2.2 million insured persons in total, with contributions of € 4.4 billion and € 3.2 billion pension payments annually. It currently has € 69 billion assets under management and more than 1,200 employees. Visit www.versorgungskammer.de for more information. About Universal-Investment With fund assets in excess of about EUR 327 billion under administration, thereof EUR 272 billion in own vehicles, over 1,000 funds and investment mandates and a workforce of around 650, Universal-Investment is the largest independent investment company in German-spoken Europe. The focus lies on the efficient and transparent administration of funds, securities, real estate and alternative asset classes. The 1968 founded company is headquartered in Frankfurt/Main and has subsidiaries and holdings in Luxemburg and Austria. As pioneer of the investment industry Universal-Investment is now market leader in the areas of master-KVG and private label funds. Owing to the strong growth since starting the real estate business in 2011, Universal-Investment established itself as largest companies for institutional open-ended real estate funds in Germany. According to the 2017 PwC ManCo Survey, Universal-Investment is the largest AIFM ManCo in Luxembourg; among the Third-Party-ManCos, Universal-Investment ranks in second place. (As per 31 August 2017) About CBRE Global Investors CBRE Global Investors is a global real asset investment management firm with $98.9 billion in assets under management* on a combined pro forma basis, as of June 30, 2017, to reflect the completion of the acquisition of a majority stake in Caledon Capital Management Inc. CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has more than 75,000 employees in approximately 450 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com. *Assets under management (AUM) refers to the fair market value of real asset-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors' presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers. Cautionary note regarding forward-looking statements The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements. Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. No duty to update The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.

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