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April 26, 2015 4:13 AM ET

Insurance

Company Overview of Allianz Deutschland AG

Company Overview

Allianz Deutschland AG is a holding company which through its subsidiaries provides property and casualty insurance services, life insurance services, and health insurance services. The company was founded in 2005 and is based in Munich, Germany. Allianz Deutschland AG operates as a subsidiary of Allianz SE.

Koniginstrasse 28

Munich,  80802

Germany

Founded in 2005

Phone:

49 089 89 3800 0

Fax:

49 08 004 40 01 02

Key Executives for Allianz Deutschland AG

Chairman of the Board of Management and Chief Executive Officer
Age: 48
Chief Operating Officer and Member of Management Board
Age: 45
Member of Management Board and Chief Executive Officer of Allianz-Lebensversicherungs-Ag
Chairman of the Regional Management of the Southeast Service Area
Head of the Southern Division
Age: 47
Compensation as of Fiscal Year 2014.

Allianz Deutschland AG Key Developments

Allianz Deutschland Announces Board Changes

Allianz Deutschland AG appointed Dr. Manfred Knof (49) as Chairman of the Board of Management (CEO) and successor to Dr. Markus Rie (49) with immediate effect, subject to the usual fit & proper review of the Regulator. Manfred Knof joined Allianz Group in 1995. From 2006 - 2011 he acted as CEO of Allianz Suisse and thereafter became a Member of the Board of Management of Allianz Deutschland AG, responsible for Operations and Claims. In April 2014 he became Head of the Business Division Central and Eastern Europe of Allianz SE.

Allianz Deutschland Reports Earnings Results for the Year 2014

Allianz Deutschland reported earnings results for the year 2014. For the year, the company's net profit jumped by 27% to EUR 1.448 billion, due to the lower number of extreme weather events. Operating profit surged by 63.6% to EUR 2.62 billion, boosted by higher earnings in the property/casualty unit. Revenues rose by 7.5% to EUR 32.1 billion. Gross premiums in the property/casualty unit rose by 2.9% to EUR 9.5 billion.

Allianz Deutschland AG Appoints Achim Kassow as Head of the Southern Division

Allianz Deutschland AG appointed Achim Kassow as head of the southern division.

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