How did Allianz, shaken by the San Francisco earthquake and the sinking of the Titanic, manage to become the world's giant in insurance?
Where and by whom was Allianz SE founded? How many employees does it have, what is its annual turnover? Details are here:
The contract drawn up on October 23, 1347 for the ship 'Santa Clara', sailing from the Port of Genoa in Italy to the island of Majorca in Spain, is considered the first insurance policy in history.
Allianz SE is an insurance company founded in Germany in 1890. Its founders are two friends: Carl von Thieme and Wilhelm von Finck. Carl von Thieme was born in 1844 and died in 1924. Wilhelm von Finck is 4 years younger than his friend. His year of birth is 1848, and the year of his death is the same as his friend: 1924.
There are other companies that these two friends founded before Allianz. Allianz was initially financed by Merck Finck & Co and Dresdner Bank AG and their previously founded Münchener Rückversicherung.
Allianz SE, headquartered in Munich, Germany, is considered one of the world's largest insurance and financial investment companies. Allianz is listed in the DAX, the stock market index of Germany's 30 most important companies.
Allianz has experienced two major shocks in its history. The first is the 1906 San Francisco earthquake. The second is the sinking of the Titanic in 1912. In both cases, Allianz had to pay a large amount of compensation.
In 2021, over 155,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros for the group.