Allianz (AZSEY) info

Allianz conductor was supported in Berlin on five Gregorian calendar month 1890 by then director of the Muenchen insurance 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 underneath the name Allianz Versicherungs-Aktiengesellschaft. 1st|the primary} Allianz merchandise were marine and accident policies first oversubscribed solely in European nation, but in 1893 Allianz opened its 1st international branch workplace in London. It distributed marine amount to German people craving for coverage abroad. In 1900 company} became the primary underwriter to get a license to distribute corporate policies.

 In 1904 Paul Von Naher took over the only real leadership of the corporate, because it emotional into the USA and alternative markets. Markets entered by 1914 enclosed Holland, Italy, Belgium, France, the Scandinavian countries and also the Baltic States, and Allianz had become the biggest maritime underwriter in European nation. the corporate suffered Associate in Nursing early disaster in enlargement, once the 1906 urban center earthquake caused the corporate to sustain three hundred,000 marks in losses. In 1905 the corporate noninheritable Fides underwriter, a firm that had innovated the primary type of housebreaking insurance. alternative places it might expand into throughout the 1910s and Nineteen Twenties enclosed Palestine, Cyprus, Iraq, China, the Dutch Indies, Ceylon, and Siam.