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(formerly AG, FWB: ALV, NYSE: AZ) is one of the largestfinancial services providers in the world, headquartered in Munich,Germany.Its core business and focus is insurance. With ½92.5 billion of revenueduring 2008, Allianz is the second largest international insurance andfinancial services organization in the world.Allianz has sold Dresdner Bank to Commerzbank, largely for shares inNovember 2008. As a result of this merger, Allianz gained a 14%controlling stake in the new Commerzbank Group.Allianz Global Investors ranks as a top-five global active investmentmanager, having ½1443 billion of assets under management (AuM), of which ½1131 billion are third-party assets (as of 2010-09-30), withspecialized asset managers such as PIMCO (Bond fund), RCM(Equityfund), AAAm(Fund of Hedge fund), Degi(Real estate fund), etc.
Allianz is now present in more than 70 countries with over 180,000employees. At the top of the international group is the holdingcompany, Allianz SE, with its head office in Munich. Allianz Groupprovides its more than 60 million customers worldwide with acomprehensive range of services in the areas of property and casualty insurance, life and health insurance, asset management and banking.