Brief: Allianz Announces Life Insurance JV With Japan’s Aeon Financial Service

Aeon Financial Service Co

04/02/2020 06:54

Feb 4 (Reuters) - Allianz SE  ALVG.DE :
    * ENTERED INTO AN AGREEMENT TO FORM LIFE INSURANCE JV WITH
AEON
FINANCIAL SERVICE TO DEVELOP AND MARKET LIFE INSURANCE SOLUTIONS
FOR LOCAL CUSTOMERS IN JAPAN
    * ALLIANZ SAYS AFS WILL ACQUIRE A 60% STAKE IN ALLIANZ LIFE
INSURANCE JAPAN LTD., WITH ALLIANZ RETAINING 40% OWNERSHIP
    * ALLIANZ SAYS STRATEGIC PARTNERSHIP WILL COMBINE ALLIANZ’S
GLOBAL
FINANCIAL EXPERTISE IN INSURANCE AND RISK MANAGEMENT ALONGSIDE
LOCAL RETAIL EXPERTISE, DISTRIBUTION NETWORK OF AFS AND AEON
GROUP

Source text: https://bit.ly/3baVs3y
Further company coverage:  ALVG.DE 

 (Berlin Speed Desk)
 ((berlin.newsroom@thomsonreuters.com; +49 30 2888 5156;))