George Sartorel News

Allianz to Enter Vietnam Insurance Market via Joint Venture with IT Firm FPT Group

Allianz announces its intention to enter the general insurance sector in Vietnam through a digital joint venture (JV) to be set up with the FPT Group โ€“ driving long-term success in the market and expanding Allianz’s footprint in Asia. FPT …

Allianz to Acquire Sri Lanka’s Janashakthi General Insurance for โ‚ฌ85.9M

Allianz announced it has entered into an agreement with Janashakthi Insurance PLC (JINS) to acquire 100 of its subsidiary Janashakthi General Insurance Ltd. (JGIL) for LKR 16.4 billion (โ‚ฌ85.9 million, or approximately US$106.3 million). The transaction is subject to regulatory …

Allianz Sets Its Sights on Asia-Pacific’s ‘Growth Engine’

Allianz SE, the German insurer that stemmed outflows at U.S. asset manager PIMCO, is now trying to bulk up on the other side of the world. “Asia is still a relatively small part of the overall global portfolio but it …

Allianz & Standard Chartered Form Bancassurance Partnership in Asia

Standard Chartered Bank and Allianz have formed a 15-year bancassurance partnership for the distribution of Allianz’s general insurance products, including travel, personal accident, fire and motor insurance products, to Standard Chartered’s retail banking clients in five key markets across Asia. …