Allianz Insurance plc

57 Ladymead Guildford Surrey GU1 1DB
01483 568 161
http://www.allianz.co.uk
  • About Allianz

    Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz Group,  a leading integrated financial services provider and the largest property and casualty insurer in the world.  The mission of Allianz Insurance is to be the outstanding competitor in our chosen markets by delivering products and services that our clients recommend, being a great company to work for and achieving the best combination of profit and growth. We aim to achieve this by putting the customer at the heart of everything we do. 

    Allianz is able to offer customers a wide range of products and services including home and motor and commercial insurance with full range of products and service for sole traders' right up to large commercial organisations.  Allianz Insurance employs over 4,500 people across a network of 20 offices in the UK and the company’s Head Office is situated in Guildford, Surrey.  Our heritage and financial strength help make Allianz what it is today; a safe and trusted partner. Over 40 FTSE100 companies partner with Allianz.  youTalk-insurance sharing Allianz Insurance news and video

     

  • Allianz Credit Ratings
    S&P AA, Moody's Aa3, A.M. Best A+

Allianz Suisse to acquire DAS Switzerland

Acquisition
  • Allianz Group agrees to buy legal protection insurance subsidiary DAS Switzerland and assets of DAS Luxembourg and Slovakia from ERGO Group AG
  • Allianz Suisse will acquire DAS Rechtsschutz (Schweiz), strengthening its position in the Swiss market
  • Allianz Suisse and its subsidiary CAP Legal Protection Insurance Company Ltd set to become a top three player in Swiss legal protection market

Allianz Group has agreed to acquire the legal protection insurance subsidiary DAS Switzerland and assets of DAS Luxembourg and Slovakia from German insurance group ERGO Group AG. The acquisition will strengthen the competitive position of Allianz Suisse, making it one of the top three firms offering legal protection coverage in Switzerland. The combined premium income from the three ERGO subsidiaries totaled EUR 38 million in 2016.  The transaction remains subject to regulatory approval. The parties have agreed not to disclose financial details of the transaction.

With a premium volume of around CHF 550 million and a growth rate of 5.3 percent in 2016 alone, the market for legal protection insurance in Switzerland is very attractive. The acquisition of DAS Switzerland will give Allianz Suisse and its subsidiary CAP a leading role in the market, underlining their growth ambitions. CAP is now number four in the Swiss market, with annual premium volume of around CHF 70 million, while DAS Switzerland is in eighth place with a premium volume of approximately CHF 34 million.

Utilizing growth opportunities

“Our aim with this merger is to utilize growth opportunities in the non-life business and further strengthen our competitive position. This will enable us to create the best conditions for our customers and place us in an excellent position in this growth market,” says Severin Moser, CEO of Allianz Suisse.

The transaction is scheduled to be completed at the start of April, pending regulatory approval. Details about structures relating to employees, brand identity and sales will be communicated in the coming weeks pending discussions with DAS Switzerland.

The ERGO legal protection insurance branch for Slovakia will be absorbed by the Allianz country subsidiary for Slovakia while the legal protection insurance portfolio of DAS Luxembourg will be ceded to the subsidiary of Allianz Benelux in Luxembourg as part of the transaction, subject to fulfilment of the agreed conditions.

Latest video

Allianz - Reasons for professional indemnity insurance (video)

No one is infallible, so mistakes happen, whatever the trade and however small or large the work is.There are countless scenarios where professionals might find... click here for more