Allianz announced that it has agreed to gather part of the
property and Casualty insurance enterprise of the Italian insurer UnipolSai
with rates of €1.1 billion [$1.53 billion] (2013).
“The commercial enterprise consists of 729 agencies and 500
employees servicing 1.5 million clients in Italy (2013),” said the statement.
“the acquisition may be for a complete attention of up to €440 million [$612
million],” and is difficulty to regulatory approval.
“this is an exquisite match as it enables us to develop our
marketplace share in a totally mature however noticeably profitable market,”
stated Oliver Bäte, Member of the Board of control of Allianz SE in rate of the
western and southern Europe area. “I want to welcome our new clients, employees
and sellers to the Allianz institution.”
“i'm pleased that we have been able to attain this agreement
with UnipolSai,” stated Klaus-Peter Röhler, CEO of Allianz Italy. “Our new
clients will benefit from our innovative product and provider provide and from
our digital business model. This transaction gives us with an top notch
possibility to be closer to our clients and capability new customers in the
Italian market.”
Allianz also talked about that its operation inside the
united states “is one among Italy’s biggest coverage groups and is a part of
the Allianz group. In Italy, with approximately five,000 employees Allianz
serves more than six million customers thru a multi-channel network with
approximately 2,200 insurance agents, 1,600 financial advisors, 1,500 bank
branches of bancassurance partners and with the direct business enterprise
Genialloyd.
“In 2013, Allianz Italy’s total premiums amounted €12.46
billion [$17.33 billion], €4.0 billion [$5.565 billion] in assets and Casualty
insurance. running profit reached €1.34 billion [$1.864 billion], of which €1.1
billion [$1.53 billion] turned into as a result of belongings and Casualty insurance.
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