Published by Global Banking & Finance Review®
Posted on May 8, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleAllianz is open to partnerships in asset management to drive growth, with a focus on strategic cooperations involving AGI and PIMCO.
MUNICH (Reuters) -The German insurer Allianz is open to forming cooperations for its asset management business, board member Andreas Wimmer told shareholders on Thursday.
Last year, Reuters reported that the insurer was weighing options for its Allianz Global Investors (AGI) unit, including a possible merger or partial sale of the division.
Wimmer, speaking at the company's annual shareholder meeting, said that the company's two asset managers - AGI and PIMCO - are complementary and work closely with its insurance business.
"Nevertheless, we naturally want to continue to grow. We also want to be open to cooperations at all times, but we always look at them very carefully and on a case-by-case basis," Wimmer said.
(Reporting by Andreas Huebner and Tom Sims; editing by Matthias Williams)
The main topic is Allianz's openness to forming partnerships in its asset management business to drive growth.
AGI and PIMCO are Allianz's asset management units that complement its insurance business.
Allianz is considering partnerships to continue growing its asset management business strategically.
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