|Founders||Carl von Thieme|
Oliver Bäte (CEO)|
Helmut Perlet (chairman of the supervisory board)
Maximilian Zimmerer (CFO)
|Products||Insurance, asset management|
|Revenue||€126.149 billion (2017)|
|€11.097 billion (2017)|
|€7.207 billion (2017)|
|AUM||€1.960 trillion (2017)|
|Total assets||€901.300 billion (2017)|
|Total equity||€65.553 billion (2017)|
Number of employees
Allianz Worldwide Care
Allianz Global Investors
Allianz Global Assistance
Allianz Insurance plc
Allianz Global Corporate and Specialty
Hunter Premium Funding
Allianz Marine & Transit
Mondial Assistance Group
Allianz SE (// AL-ee-ənts; German pronunciation: [aliˈants] ( listen)) is a European financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. As of 2014, it is the world's largest insurance company, the largest financial services group and the largest company according to a composite measure by Forbes magazine, as well as the largest financial services company when measured by 2013 revenue. The company is a component of the Euro Stoxx 50 stock market index.
Its asset management division, which consists of PIMCO and Allianz Global Investors, has €1,960 billion of assets under management (AuM), of which €1,448 billion are third-party assets (as at 2017-12-31).
- 1 History
- 2 Operations
- 3 Senior management
- 4 Sponsorships
- 5 Nazi-era activities and litigation
- 6 See also
- 7 References
- 8 External links
Allianz AG was founded in Berlin on 5 February 1890 by then director of the Munich Reinsurance Company Carl von Thieme (a native of Erfurt, whose father was the director of Thuringia) and Wilhelm von Finck (co-owner of the Merck Finck & Co bank). The joint company was listed in Berlin's trade register under the name Allianz Versicherungs-Aktiengesellschaft. The first Allianz products were marine and accident policies first sold only in Germany, however in 1893 Allianz opened its first international branch office in London. It distributed marine insurance coverage to German clientele looking for coverage abroad.
In 1900 the company became the first insurer to obtain a license to distribute corporate policies. In 1904 Paul Von Naher took over the sole leadership of the company, as it moved into the US and other markets. Markets entered by 1914 included the Netherlands, Italy, Belgium, France, the Scandinavian countries and the Baltic States, and Allianz had become the largest maritime insurer in Germany. The company suffered an early disaster in expansion, when the 1906 San Francisco earthquake caused the company to sustain 300,000 marks in losses. In 1905 the company acquired Fides Insurance Company, a firm that had innovated the first form of home invasion insurance. Other places it would expand into during the 1910s and 1920s included Palestine, Cyprus, Iraq, China, the Dutch Indies, Ceylon, and Siam.
In 1905 the company began to offer fire insurance, and in 1911 it began to sell machinery breakdown policies. Allianz remained the only company in the world that sold machine breakdown insurance until 1924. In 1918 it began to offer automobile insurance as well. In 1921 Von Naher died and was succeeded by Kurt Schmitt. The company would begin to offer life insurance as of 1922, becoming Europe's largest offerer of the policies by the end of the 1920s.
In 1927 Allianz merged with Stuttgarter Verein Versicherung AG and two years later acquired the insurance businesses of Favag, a large German insurer that declared bankruptcy due to the onset of the Great Depression. Expansion of the company then slowed until 1938 at which point it employed more than 24,000 people. Christian Stadler wrote of the history of Allianz that it "shows how important it is to diversify into related areas to hedge against the risk of fundamental changes in markets and economies".
During World War II the Berlin headquarters of Allianz were destroyed by Allied bombing runs. Following the end of the war in 1945, Hans Heß became head of the company, and Allianz shifted its headquarters to Munich in 1949 due to the split between East and West Germany. Heß only held the position until 1948, when he was replaced by Hans Goudefroy. After World War II, global business activities were gradually resumed. Allianz opened an office in Paris in 1959, and started repurchasing stakes in former subsidiaries in Italy and Austria. In 1971 Wolfgang Schieren became the head of the company.
These expansions were followed in the 1970s by the establishment of business in the United Kingdom, the Netherlands, Spain, Brazil and the United States. In 1986, Allianz acquired Cornhill Insurance PLC, London, and the purchase of a stake in Riunione Adriatica di Sicurità (RAS), Milan, strengthened its presence in Western and Southern Europe in the 1980s.
In 1990, Allianz started an expansion into eight Eastern European countries with establishing a presence in Hungary. In the same decade, Allianz also acquired Fireman's Fund, an insurer in the United States, which was followed by the purchase of Assurances Générales de France (AGF), Paris. These acquisitions were followed by the expansion into Asia with several joint ventures and acquisitions in China and South Korea and the acquisition of Australia's Manufacturers Mutual Insurance. Around this time Allianz expanded its asset management business as well by purchasing for example asset management companies in California.
In April 2001, Allianz agreed to acquire the 80 per cent of Dresdner Bank that it did not already own for US$20 billion. As part of the transaction, Allianz agreed to sell its 13.5 per cent stake in HypoVereinsbank to Munich Re, and to acquire Munich Re's 40 per cent stake in Allianz Leben. Following completion of the acquisition, Allianz and Dresdner Bank combined their asset management activities by forming Allianz Global Investors. In 2002, Michael Diekmann succeeded Henning Schulte-Noelle as CEO of Allianz AG. In June 2006, Allianz announced the layoff of 7,280 employees, about 4 percent of its worldwide work force at the time, as part of a restructuring program aimed at raising profitability. The reductions comprised 5,000 staff at Allianz insurance operations and 2,480 at Dresdner Bank. In the same month, Allianz announced that its Dresdner Kleinwort Wasserstein investment banking operation would be renamed as simply Dresdner Kleinwort.
In September 2005, Allianz announced that it would convert its holding company into a Societas Europaea (SE; Latin: European Company), becoming one of the first major companies to do so. The conversion was made in conjunction with Allianz's acquisition of 100 per cent control of its principal Italian subsidiary Riunione Adriatica di Sicurtà (RAS) for around US$7 billion. The conversion to an SE was completed on 13 October 2006. The Allianz Group also simplified its brand strategy from 2006 and their previous emblem was replaced by the current combination mark. By 2008 the company was Europe's largest insurer.
On 31 August 2008, it was announced that Allianz had agreed to sell 60.2 per cent of Dresdner Bank to Commerzbank for €9.8 billion (US$14.4 billion), with an agreement that Commerzbank would acquire the remainder of Dresdner Bank by the end of 2009. After renegotiations, it was announced in November 2008 that Commerzbank would acquire the 100% ownership of Dresdner Bank earlier (12 January 2009). The sale price was lowered to 5.5 billion Euro. Shortly after the transaction completed, Commerzbank was partially nationalized by the German government to save it from bankruptcy. Allianz currently retains a stake of around 14% in Commerzbank.
In August 2015, a consortium led by Allianz acquired German motorway service station group Tank&Rast for an undisclosed sum believed to be in the region of €3.5 billion.
In April 2018, TH Real Estate and Allianz partnered to provide £100m in debt finance to developers YardNine, for the development of 80 Fenchurch Street, a 240,000 sq ft office development in London.
Allianz has operations in over 70 countries and has around 147,000 employees. The parent company, Allianz SE, is headquartered in Munich, Germany. Allianz has more than 85 million customers worldwide and its services include property and casualty insurance, life and health insurance and asset management. In 2013 it was number 25 on the global Forbes 2000 list.
Tracing its roots back to 1914, Allianz Australia Insurance Limited operates throughout Australia and New Zealand and through its subsidiaries offers a range of insurance and risk management products and services. Subsidiaries of Allianz Australia include Club Marine, Allianz Life and Hunter Premium Funding. In 2012, Allianz Australia announced a multi-year agreement with the SCG Trust to rename the Sydney Football Stadium to Allianz Stadium.
Allianz operates through Allianz Belgium, previously AGF Belgium which has been re-branded to Allianz Belgium in November 2007.
Allianz Bank Bulgaria is a universal commercial bank having its headquarters in Sofia. It was established in 1991. On 13 October 2003 the bank received the name of its principal shareholder – Allianz Bulgaria Holding. Before that the bank was named ‘Bulgaria Invest’ Commercial Bank. Allianz Bank Bulgaria offers its products in more than hundred branches and offices all over the country, as well as through the broad agents’ network of Allianz Bulgaria Holding. The bank possesses a full banking license for carrying out banking and financial transactions.
Allianz entered the Canadian market in the early 1990s through an acquisition of several North American insurers, namely the American Firemans Fund and the Canadian Surety. Upon the market exit the personal and commercial lines unit was sold off to the market leader ING Canada (Now Intact), and Allianz Canada continues operations in Kitchener Ontario. Allianz Canada has also merged with TIC Travel Insurance in 2014 and has become one of the largest insurance companies in Canada as a result.
Allianz acquired in 1999 60% of the shares of Colombian insurer Colseguros, 3 years later in 2002 it increases its shareholding, becoming the sole owner of this company in Colombia. After almost 10 years in 2012 and with an evolutionary change of brand Colseguros dies as an official name and the entire operation of Colombia is consolidated under the name of Allianz.
Allianz offers a wide range of general, life and health insurance products in Germany through its Allianz Deutschland AG subsidiary. It is the market leader in both the general and life insurance markets. Allianz products are distributed principally through a network of full-time tied agents. Since September 2010 Allianz products have also been sold through Commerzbank branches.
In Greece Allianz began to work on 2 December 1985. Then was established the first Company's Office in Abelokipoi Athens. Now Allianz has almost 500 Offices in Greece and a lot of people buies the products of the Company.
In India Allianz primarily operates through Bajaj Allianz Life Insurance Company & Bajaj Allianz General Insurance Company Limited, a joint venture between Allianz and Bajaj Finserv Limited. Bajaj Allianz has around 1,200 branches across India and offers services including unit-linked, traditional, health, child and pension policies.
Allianz started its operations in Indonesia with a representative office in 1981. In 1989, Allianz established PT Asuransi Allianz Utama Indonesia, a general insurance company. Furthermore, Allianz entered the Indonesian life insurance market by opening PT Asuransi Allianz Life Indonesia in 1996.
The Allianz Group in Italy is headed by composite insurance company Allianz SpA and it ranks second in terms of premiums written and fifth in terms of assets under management as well as fourth for financial advisors.
The Italian parent company, Allianz SpA, resulted from the integration – in October 2007 – of three former insurance companies: Ras, established in Trieste in 1838 and based in Milan (part of the Allianz Group since 1987), Lloyd Adriatico, established in 1836 and based in Trieste (part of the Allianz Group since 1995) and Allianz Subalpina, established in 1928 and based in Turin (formerly a subsidiary of Ras).
On 25 November 2016, Global insurance leader Allianz opened their new office in Kenya. Allianz Kenya's CEO, Demba Sy, officially presented Allianz's new premises, Allianz Plaza from where the company will operate. Their Services include life, health, property, accident and credit insurance for businesses and individuals. Allianz Kenya focuses on accelerating the growth of organic business while seeking to differentiate the service offering with quality service.
Allianz officially started in Malaysia in 2001 when it became the controlling shareholder of Allianz General Insurance Malaysia Berhad (“AGIM”). In 2007, the general insurance business of AGIM was transferred to its wholly owned subsidiary, Allianz General Insurance Company (Malaysia) Berhad (“Allianz General”). Following the completion of the transfer of general insurance business, AGIM changed its name to Allianz Malaysia Berhad (“AMB”). AMB is an investment holding company that has two wholly owned subsidiaries: Allianz Life Insurance Malaysia Berhad (“Allianz Life”) and Allianz General.
In Pakistan Allianz primarily operates through EFU Allianz Health Insurance Company Limited, a joint venture between Allianz and Eastern Federal Union.
Allianz started its life and Property & Casualty (P&C) operation in Slovakia in 1993. In 2001 Allianz AG bought the majority ownership in then state-owned Slovenská poisťovňa (SP, Slovak Insurance Company). Upon the purchase SP held a market share of well over 50%. Upon the purchase the local Allianz operation was merged with SP creating a new company Allianz – Slovenská poisťovňa.
Allianz acquired British insurance company Cornhill Insurance plc in 1986, subsequently renamed Allianz Cornhill Insurance plc. This then simply became Allianz Insurance plc in April 2000. Allianz Insurance plc owns Petplan UK, the UK pet insurance provider. It also owns the high-net-worth insurance broker Home and Legacy, which it purchased in 2006. Their IT captive unit in India, ACIS is located at Technopark, Trivandrum in Kerala. Allianz previously owned Kleinwort Benson, which it inherited when it acquired Dresdner Bank. The investment bank has subsequently been merged with the corporate bank of Dresdner Bank and rebranded as Dresdner Kleinwort.
In 2017, Allianz acquired a stake in motor insurer Liverpool Victoria for a deal worth up to £1bn. The deal had its personal lines go to Liverpool Victoria, creating a joint venture between the two firms, with the latter's commercial lines going to Allianz.
Allianz has a presence within the United States, including Allianz Life Insurance Company of North America and Allianz Global Corporate & Specialty (which incorporates Fireman's Fund). Allianz Life Insurance Company of North America has been ranked among the 100 best companies to work for by Fortune Magazine. Allianz's investment arm, includes two asset managers, Pacific Investment Management Company, commonly called PIMCO, and Allianz Global Investors, also referred to as AllianzGI or AGI.
CEOs to date
|1890–1904||Carl von Thieme|
|1894–1921||Paul von der Nahmer|
Allianz provided naming rights for the Allianz Arena, a football stadium in the north of Munich, Germany. The two professional Munich football clubs Bayern Munich have played their home games at Allianz Arena since the start of the 2005–06 season. TSV 1860 München have played their home games at Allianz Arena until the 2016–17 season. Other stadiums associated with Allianz include the Allianz Parque soccer stadium in Sao Paulo, Brazil, the Allianz Riviera soccer stadium in Nice, France, the Allianz Park rugby stadium in London, England, the Allianz Stadium soccer stadium in Turin, Italy, the Allianz Stadion soccer stadium in Vienna, Austria, the Allianz Stadium in Moor Park, Australia, the under construction Allianz Field soccer stadium in Saint Paul, Minnesota and the Allianz Dome basketball arena in Trieste.
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 those talks ended due to opposition from Jewish groups and Holocaust survivors.
Allianz owned the Polish football team Gornik Zabrze but sold its shares in the club in April 2011. Allianz has been involved in Formula One since 2000, firstly as a sponsor of the AT&T Williams F1 Team, and since 2011 as a sponsor of the Mercedes GP Petronas team. In 2009 Allianz signed an agreement to become the Global Partner of the St. Andrews Links Trust. In early 2012, Allianz entered an agreement with the Sydney Cricket & Sports Ground Trust which oversaw the Sydney Football Stadium being renamed Allianz Stadium. 2012 also saw Allianz partner up with Saracens to be their main shirt sponsor as well as securing an £8m deal for naming rights to their new Barnet Copthall home to be called Allianz Park.
The company has also been the sponsor of others sports, including the Women's British Open (golf), Allianz Open de Lyon (golf), Allianz Championship (golf), Allianz Golf Open du Grand Toulouse (golf), Allianz Suisse Open Gstaad (tennis), Allianz Cup (tennis), Allianz Championship (golf), La Liga (football), Premier League (football) and FINA Swimming World Cup (swimming) events.
In Ireland, the national Gaelic Football league is officially named the Allianz National Football League.
Nazi-era activities and litigation
In 1993 Henning Schulte-Noelle commissioned a new Archive for Corporate History, becoming the first Allianz CEO to address the company's activities during the Third Reich. In 1997 Schulte-Noelle asked Gerald Feldman, historian from the University of California-Berkeley, if he would undertake a larger research project on Allianz's past involvement with the Third Reich. After research began, Jewish World War II survivors and their descendants took Allianz and other European insurance companies to court, accusing them of unpaid insurance policies. Allianz and four other insurers supported the creation of the International Commission on Holocaust Era Insurance Claims (ICHEIC).
Furthermore, Allianz became a founding member of the German Foundation "Remembrance, Responsibility and Future". Feldman published the comprehensive results of his research in September 2001. Based on these results Allianz established an exhibition in the Archive for Corporate History and on the Internet. The research concluded that Allianz, as an organization and through its corporate officers, voluntarily partnered with the Nazi Regime and the Third Reich, starting as early as the early 1930s and continuing all the way through to the collapse of the Third Reich.
Feldman summarized his findings stating: "It was just one more piece of business in the Third Reich, but it demonstrated that such pieces on any large scale made contact at some point with all that is represented by the name 'Auschwitz'– from slave labor to extermination – virtually inescapable." They were recorded in a book published by Cambridge University Press.
- . Allianz https://www.allianz.com/en/investor_relations/results-reports/key-figures/. Missing or empty
- Allianz note to shareholders confirming conversion to SE
- "The Global 2000: 1–100". Forbes. May 2013. Retrieved 6 April 2014.
- Frankfurt Stock Exchange
- AFX-News: Allianz jumps after Dresdner deal sealed
- Werner Meyer-Larsen (2000). Germany, Inc: the new German juggernaut and its challenge to world business. John Wiley. p. 130. Retrieved 16 July 2013.
- "ALLIANZ AG". SEC Filing. 2005. Archived from the original on 17 December 2013. Retrieved 16 July 2013.
- "Allianz, a success story". Atlas Magazine. October 2011. Retrieved 16 July 2013.
- Gerald Donald Feldman (2001). Allianz and the German Insurance Business, 1933–1945. Cambridge University Press. p. 3. Retrieved 16 July 2013.
- Feldman, 46.
- Feldman, 21–24.
- Feldman, 28.
- Feldman, 35.
- Christian Stadler (2011). Enduring Success: What We Can Learn from the History of Outstanding Corporations. Stanford University Press. p. 120. Retrieved 17 July 2013.
- Uwe G. Seebacher (2003). Template-driven Consulting: How to Slash More Than Half of Your Consulting Costs. Springer. p. 191. Retrieved 16 July 2013.
- "Allianz Says It Will Acquire Dresdner Bank for $20 Billion". The New York Times. 2 April 2001. Retrieved 28 May 2012.
- "Allianz to Lay Off 7,280 in Germany". The New York Times. 22 June 2006. Retrieved 28 May 2012.
- "Allianz Plans Buy Out of AGF Minority Shares; German Life Minorities". Insurance Journal. 18 January 2007. Retrieved 28 May 2012.
- "Allianz Logo: Design and History". Famouslogos.net. Retrieved 2011-07-29.
- Jonathan Gould (8 July 2008). "Allianz's Dresdner sale no exit from banking". Reuters. Retrieved 16 July 2013.
- Hedge Fund Standards Board. "HFSB Founders & Core Supporters". Retrieved 27 September 2016.
- Jolly, David (31 August 2008). "Commerzbank paying Allianz €9.8 billion for Dresdner Bank". The New York Times. Retrieved 28 May 2012.
- John O'Donnell and Ludwig Burger (28 November 2008). "Commerzbank, Allianz bask in early Dresdner deal". Reuters. Retrieved 16 July 2013.
- "Allianz consortium buys German motorway service stations group". Reuters. 3 August 2015.
- "TH and Allianz provide €115m loan for 80 Fenc..." PropertyEU News. Retrieved 2018-09-24.
- "#25 Allianz". Forbes. Retrieved 17 July 2013.
- "History of Allianz Australia". Allianz Australia Insurance Limited. Retrieved 17 December 2013.
- Graham & Whiteside, J Carr and Christine Oddy (1990). Major Companies of the Far East and Australasia, Volume 3. Graham & Whiteside. p. 15. Retrieved 16 July 2013.
- "SFS re-named Allianz Stadium". Allianz Australia Insurance Limited. Retrieved 17 December 2013.
- "Allianz Belgium: Allianz Belgium Boosts Distribution Relationship Management of Brokers". Microsoft Case Studies. 8 March 2007. Retrieved 16 July 2013.
- "Commercial Banks: Company Overview of Allianz Bank Bulgaria AD". Businessweek. Retrieved 16 July 2013.
- "BUSINESS IN BRIEF: Fireman's Fund to be bought". The Atlanta Journal-Constitution. 3 August 1990. Retrieved 16 July 2013.
- Mergent International Manual, Volume 2. 2003.
- Joana Quintanilha (9 December 2004). "ING Completes Purchase of Allianz Canadian Division". Bloomberg News. Retrieved 16 July 2013.
- "Licensing Changes for Fourth Quarter 2004". Financial Services Commission of Canada. 2005. Retrieved 16 July 2013.
- "¿Quiénes Somos?". allianz.co/. Retrieved 7 November 2016.
- "Insurance: Company Overview of Bajaj Allianz General Insurance Co. Ltd". Businessweek. Retrieved 16 July 2013.
- "Allianz books 37.2 percent in premium growth". The Jakarta Post. 12 April 2012. Retrieved 16 July 2013.
- "Insurance: Company Overview of PT Asuransi Allianz Utama Indonesia Ltd". Businessweek. Retrieved 16 July 2013.
- "Insurance: Company Overview of PT Asuransi Allianz Life Indonesia p.l.c." Businessweek. Retrieved 16 July 2013.
- "Insurance: Allianz Kenya Launch". Retrieved 24 November 2016.
- "Insurance: Company Overview of Allianz EFU Health Insurance Limited". Businessweek. Retrieved 16 July 2013.
- Ed Holt (14 January 2002). "Allianz expands empire with SP". The Slovak Spectator. Retrieved 16 July 2013.
- "ALLIANZ INSURANCE PLC". Companies in the UK. Retrieved 16 July 2013.
- "Allianz Cornhill to Change Name; Continue Expansion". Insurance Journal. 29 September 2006. Retrieved 16 July 2013.
- "Allianz Cornhill to set up BPO unit at Technopark". The Hindu Business Line. 28 July 2004. Retrieved 16 July 2013.
- "Dresdner to merge two key units". The New York Times. 24 November 2005. Retrieved 16 July 2013.
- Withers, Iain (2017-08-04). "Allianz buys stake in LV= general insurance unit in deal worth up to £1bn". The Telegraph. ISSN 0307-1235. Retrieved 2018-09-02.
- "100 Best Companies to Work For: Allianz Life Insurance Company of North America". Fortune Magazine. Retrieved 16 July 2013.
- "ALLIANZ ARENA: The Allianz Arena". Retrieved 16 July 2013.
- "L'Alma Arena cambia nome: sarà Allianz Dome fino al 2023" [Alma Arena changes name: it will be Allianz Dome until 2023]. ilgazzettino.it (in Italian). 13 June 2018. Retrieved 17 June 2018.
- "Jets-Giants end naming rights talk with Allianz - NFL - SI.com". Retrieved 2008-09-12.[dead link]
- "Górnik Zabrze podpisał umowę z Allianz Polska. Zadłużenie obniżone". Sport Slaski. 29 December 2011. Archived from the original on 17 December 2013. Retrieved 16 July 2013.
- "BMW Williams F1 signs sponsorship deal with Allianz". Marketing Week. 25 May 2000. Retrieved 16 July 2013.
- "ALLIANZ SEALS MERCEDES GP F1 DEAL". SportIndustry.biz. 1 February 2011. Retrieved 16 July 2013.
- "Environmental award for St Andrews Links". Golf Business News. 7 November 2009. Retrieved 16 July 2013.
- "Sydney Footbal Stadium Renamed Allianz Stadium". 2012. Retrieved 16 July 2013.
- Chris Jones (24 July 2012). "Saracens clinch £8m Allianz deal for stadium and shirts". London Evening Standard. Retrieved 16 July 2013.
- David Cushnan (3 July 2013). "Allianz to sponsor Recari and Women's British Open". Sports Pro Media. Retrieved 17 July 2013.
- Rachel Warnes (28 June 2013). "Allianz to sponsor FINA's Barcelona showpiece". Sports Pro Media. Retrieved 17 July 2013.
- "Allianz Championship: Friday Feb 8 – Sunday Feb 10, 2013". Retrieved 17 July 2013.
- Weiner, Evan (11 August 2010). "How Adolf Hitler and the Nazis cost the Giants and Jets $30 million a year". NewJerseyNewsroom.com. New Jersey Newsroom. Archived from the original on 2015-01-09. Retrieved 16 July 2013.
- DOUGLAS HARBRECHT (10 November 1999). "Nazi-Era Compensation Claims: Time Is Running Out". Businessweek. Archived from the original on 9 September 2011. Retrieved 16 July 2013.
- Ben Wolford (9 February 2013). "Holocaust survivors again picketing golf tournament". Sun-Sentinel. Retrieved 16 July 2013.
- "The Economy: German industry unveils Holocaust fund". BBC. 16 February 1999. Retrieved 16 July 2013.
- Richard Sandomir (10 September 2008). "Naming Rights and Historical Wrongs". The New York Times. Retrieved 16 July 2013.
- Marc Engels (February 2004). "H-NET BOOK REVIEW". Retrieved 16 July 2013.
- Gerald D. Feldman: "Allianz and the German Insurance Business, 1933–1945", Cambridge University Press, 2001
|Wikimedia Commons has media related to Allianz.|