Allianz in Asia Posts Steady First Half 2016 Results
Allianz in Asia Pacific posted healthy operating profit in the first half of 2016, demonstrating portfolio resilience and strength in its core distribution channels, even as market conditions continued to be challenging.
Allianz Completes 51% Acquisition of PNB Life; Appoints Olaf Kliesow as CEO of New JV
This acquisition marks Allianz's entry into a fast-growing insurance market with an established distribution network, and enhances the group's position in Asia Pacific. A key part of the joint venture between Allianz and PNB is a 15-year bancassurance agreement.