Joanne Joseph - actuary, Allianz SE
In 1900, the company became the first insurer to obtain a license to distribute company policies in 1904 Paul Von Naher took the single leadership of the company, as he moved to the United States and other markets concluded Markets by 1914 included the Netherlands, Italy, Belgium, France, Scandinavia and the Baltics, and Allianz became the largest marine insurer in Germany 8 the company suffered a disaster at the beginning of the expansion, when the 1906 earthquake in San Francisco caused the company to support brands 300,000 loss in 1905, the company acquired Fides insurance company, a company that had pioneered the first form of home invasion insurance 9 other places, it would develop in the 1910s and 1920s included Palestine China Cyprus Iraq the Dutch East Indies Ceylon and Siam 10.
In 1905, the company began to offer fire insurance, and in 1911 he began to sell Allianz machine allocation policies remained the only company in the world until 1924, sold Boiler and machine, and then in 1918 it started offering car insurance and in 1921 Von Naher died and was replaced by Kurt Schmitt the company would begin to offer a 1922 life insurance, becoming the largest offerer of policies in the late 1920s, the Europe.
In 1927, Allianz merged with Verein Stuttgarter Versicherung AG and 8 two years later acquired Favag insurance activities, a large German insurer that went bankrupt due to the onset of the Great Depression 11 Expansion of business, then slowed until 1938 12 how it employed more than 24,000 people 13 Christian Stadler wrote the history of Allianz that shows how important it is to diversify into areas related to coverage against the risk of fundamental change in markets and economies 14.
During World War II, the siege of Berlin Allianz were destroyed by short allied bombing 15 After the end of the war in 1945, Hans Heb became head of the company, and Allianz moved its headquarters in Munich in 1949 because of the split between East and West Germany Heb not served until 1948, when he was replaced by Hans Goudefroy After World war II, global business activities were gradually taken Allianz opened an office in Paris in 1959 and began repurchase stakes in former subsidiaries in Italy and Austria in 1971, Wolfgang Schieren became the company's chief.
These extensions were followed in the 1970s by the creation of businesses in the UK, the Netherlands, Spain, Brazil and the US In 1986, Allianz acquired Cornhill Insurance PLC, London and Buying a stake in Riunione Adriatica di Sicurità RAS, Milan has strengthened its presence in Western Europe and South in the 1980s.
In 1990, Allianz started an expansion into eight countries in Eastern Europe with the establishment of a presence in Hungary In the same decade, Allianz also acquired Fireman Fund an insurer in the United States, which was followed by the purchase of Assurances Generales de France AGF Paris these acquisitions were followed by expansion in Asia with several joint ventures and acquisitions in China and South Korea and the acquisition of manufacturers Mutual Insurance Australia at this time, Allianz expanded its asset management activities and by purchasing for example asset management companies in California 8.
The original logo Allianz, designed in 1923 by Karl Schulpig.
Allianz provided the naming rights to the Allianz Arena football stadium in the north of Munich, Germany Munich two professional football clubs Bayern Munich and TSV 1860 München have played their home games at Allianz Arena since the start 2005 06 season 48 other stadiums owned by Allianz include Allianz stadium Parque soccer in Sao Paulo, Brazil, the football stadium Allianz Riviera in Nice, France Rugby Park stadium Allianz in London, UK and Allianz Stadion the new home of Rapid Vienna a club of the Austrian Football Federation Bundesliga.
Allianz had been in negotiations with the New York Jets and the Giants to buy naming rights to the New Meadowlands Stadium now known as MetLife Stadium in East Rutherford, New Jersey, but the talks ended because of opposition from Jewish groups and Holocaust survivors 49.
Allianz belongs to the Polish football team Górnik Zabrze, but sold his shares in the club in April 2011 50 Allianz has been involved in Formula One since 2000, first as a sponsor of the AT team T Williams F1 51 and since 2011 as a sponsor of the Mercedes GP Petronas team 52 In 2009, Allianz has signed an agreement to become the St Andrews Global Partner Links confidence 53 in early 2012, Allianz entered into an agreement with the sport Sydney Cricket Ground trust who oversaw the Sydney Football Stadium was renamed Allianz Stadium 54 2012 also saw Allianz partner with Saracens for their main shirt sponsor, and the fixing of an agreement 8m for naming rights to their new home Barnet Copthall be called Allianz Park 55.
In Ireland, the national Gaelic football league is officially named the Allianz National Football League.
In 1993, Henning Schulte-Noelle commissioned a new archive of corporate history, becoming the first chief executive of Allianz to meet the company's activities during the Third Reich in 1997 Schulte-Noelle asked University of California historian Gerald Feldman at Berkeley, he would undertake a major research project on Allianz past involvement with the Third Reich 59 After the search began, the Jewish survivors of World war II and their descendants Allianz and other European insurance companies to court, accusing them of unpaid insurance policies 60 Allianz and four other insurers supported the creation of the international Holocaust-era ICHEIC Commission 61 insurance applications .
In addition, Allianz became a founding member of the German Foundation Remembrance, Responsibility and Future 62 Feldman published the full results of his research in September 2001 Based on these results Allianz established an exhibition in corporate history archives and the Internet 63 the research concluded Allianz, as an organization and its officers voluntarily partnered with the Nazis and the Third Reich, beginning in the early 1930s and continued throughout the 64 collapse of the Third Reich.
Feldman summarized his findings indicating that it was just a piece of business in the Third Reich, but he has shown that these parts on a large scale made contact at some point with all that is represented by the name Auschwitz slave labor to the almost inevitable extermination They were recorded in a book published by Cambridge University Press 65.
German Allianz car insurance, Allianz, German, insurance.