October 02, 2014 12:51 AM ET

Insurance

Company Overview of OJSC IC Allianz

Company Overview

OJSC IC Allianz, a financial and insurance consortium, provides insurance products to individuals and organizations worldwide. It offers obligatory and voluntary medical insurance; long-term life insurance and pension insurance; and property, motor, travel, liability, and cargo insurance products. The company also operates as an insurance reserves management company that manages various open, interval-based, and venture funds, as well as offers individual trust management services, and insurance and pension asset management services. In addition, it operates a network of medical clinics to render diagnostic and therapeutic services to private individuals and legal entities. The company offer...

Oserkovskaya Nab., 30.

Moscow,  115184

Russia

Founded in 1991

Phone:

7 495 232 3333

Fax:

7 495 232 0014

Key Executives for OJSC IC Allianz

Acting Chief Executive Officer and Acting Director General
Age: 45
Chief Operating Officer
Age: 47
Chief Executive Officer of Allianz CEEMA
President of Alliance Non-State Pension Fund
Deputy Board Chairman
Age: 60
Compensation as of Fiscal Year 2014.

OJSC IC Allianz Key Developments

Allianz Investments May Be Sold; Alfa And Aton Reportedly Interested

OJSC IC Allianz is planning to sell Allianz ROSNO Asset Management (Allianz Investments). Kommersant reported cited several market sources as saying that OJSC IC Allianz is considering to sell Allianz Investments, Russian newspaper. The sources said that the deal was now in its initial stages. A source stated, “Currently several proposals are being considered from market participants that have arisen recently.” Another source added that a non-disclosure agreement was signed with all the participants. Chief Executive Officer of Allianz, Nicholas Frei said, “As we have said previously, we are going to optimize noncore assets and concentrate on developing the insurance business of the Allianz group in Russia. This is part of the strategy announced previously, and we are considering all incoming proposals.” The newspaper reported that Alfa Capital Partners and Aton LLC may be interested. Aton’s Chief Executive Officer, Andrei Zvezdochkin said, “We are looking at all companies on the market that are ready to sell their business, be it a management company or a broker, but we are not commenting on the details of specific talks.” According to Chief Executive Officer of Alfa, Irina Krivosheyeva, the company is always ready for the further consolidation of the assets of retail funds. She stated, “In this framework, we have sent requests to several entities to acquire assets that interest us.” Private individuals have also expressed an interest in Allianz Investments. A source familiar with the situation said Trust Investment Company was determining the price of the company. Trust Investment Company’s Chief Executive Officer, Oleg Mazurov said that the price would not be high. “Excluding captive assets, which account for around 90% of all assets in trust management, it's possible to earn $1.5 million - $2 million from the rest,” he said.

OJSC Insurance Company Allianz Announces Management Changes

Nikolaus Frei has been appointed acting CEO of OJSC Insurance Company Allianz effective March 1, 2014. The company said the board of directors had by mutual consent decided to end the tenure of the current CEO, Hakan Danielsson, effective February 28, 2014. Danielsson is leaving the company. In addition, the board named Oleg Pyatakov chairman from March 1, 2014. He replaces Manuel Bauer.

IC Allianz Launches New Retail Product to Protect Bank Cards

IC Allianz launched new retail product to protect bank cards. The product is Allianz Finance. Standard Card Protection, which is new for the agent network, enables protection of the clients’ bank cards against various types of fraud associated with unauthorized cash withdrawals.

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