Allianz is a German multinational financial services company and one of the world's largest insurers and asset managers. It was founded in 1890 in Berlin by Carl von Thieme and Wilhelm von Finck, initially offering marine and accident insurance, and moved its headquarters to Munich after the Second World War. Today the Allianz Group serves more than 100 million retail and corporate customers in around 70 countries, providing property-casualty insurance, life and health insurance, and asset management. Its property-casualty business covers motor, home, travel, and large corporate and specialty risks, the latter through Allianz Commercial. The group's asset management arm, which includes PIMCO and Allianz Global Investors, manages trillions of euros in third-party assets, making Allianz one of the largest active asset managers in the world. Other well-known group businesses include Allianz Partners, a major provider of travel insurance and assistance services, and Allianz Trade (formerly Euler Hermes), a global leader in trade credit insurance. Allianz employs roughly 150,000 people worldwide and generates annual total business volume in excess of 150 billion euros. The company is a component of Germany's DAX index and is listed on the Frankfurt Stock Exchange; it is an independent public company with broadly dispersed ownership. Allianz is also visible in international sport, holding naming rights to stadiums and arenas such as the Allianz Arena in Munich, and serves as a worldwide insurance partner of the Olympic and Paralympic Movements.
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