OJSC IC Allianz provides insurance products to individuals and organizations worldwide. It offers obligatory and voluntary medical, long-term life, pension, property, motor, travel, liability, and cargo insurance products. Additionally, the company operates a network of medical clinics to render diagnostic and therapeutic services to private individuals and legal entities. It offers products through sales channels. The company was formerly known as OJSC IC ROSNO and changed its name to OJSC IC Allianz in December 2011. OJSC IC Allianz was founded in 1991 and is based in Moscow, Russia. It has subsidiaries in the Russia and Ukraine. As of February 21, 2007, OJSC IC Allianz operates as a subsi...
Oserkovskaya Nab., 30.
Founded in 1991
Allianz Investments May Be Sold; Alfa And Aton Reportedly Interested
May 30 14
OJSC IC Allianz is planning to sell Allianz ROSNO Asset Management (Allianz Investments). Kommersant reported cited several market sources as saying that OJSC IC Allianz is considering to sell Allianz Investments, Russian newspaper. The sources said that the deal was now in its initial stages. A source stated, “Currently several proposals are being considered from market participants that have arisen recently.” Another source added that a non-disclosure agreement was signed with all the participants. Chief Executive Officer of Allianz, Nicholas Frei said, “As we have said previously, we are going to optimize noncore assets and concentrate on developing the insurance business of the Allianz group in Russia. This is part of the strategy announced previously, and we are considering all incoming proposals.” The newspaper reported that Alfa Capital Partners and Aton LLC may be interested. Aton’s Chief Executive Officer, Andrei Zvezdochkin said, “We are looking at all companies on the market that are ready to sell their business, be it a management company or a broker, but we are not commenting on the details of specific talks.” According to Chief Executive Officer of Alfa, Irina Krivosheyeva, the company is always ready for the further consolidation of the assets of retail funds. She stated, “In this framework, we have sent requests to several entities to acquire assets that interest us.” Private individuals have also expressed an interest in Allianz Investments. A source familiar with the situation said Trust Investment Company was determining the price of the company. Trust Investment Company’s Chief Executive Officer, Oleg Mazurov said that the price would not be high. “Excluding captive assets, which account for around 90% of all assets in trust management, it's possible to earn $1.5 million - $2 million from the rest,” he said.