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9/18/2018, 1:25 PM (Source: TeleTrader)
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Allianz+0.83%

186.68
Chart for: ALLIANZ SE NA O.N.

Allianz announces sponsorship deal with IOC

Allianz SE struck a sponsorship agreement with the International Olympic Committee (IOC) to become a "Worldwide Olympic Partner" from 2021 to 2028, the insurance company and the IOC announced on Tuesday.

The German insurance company will provide insurance solutions to National Olympic Committees around the world and their athletes, including fleet and property & casualty insurance, as well as insurance plans for future products and services, driven by technological changes.

"I am thrilled that we are joining a global community of athletes and people enthusiastic about sport and teamwork," Allianz CEO Oliver Baete stated. "Through the IOC's digital and social channels, we can connect with more people than ever before and offer them our expertise in insurance," he added.

Allianz traded 0.23% higher at 1:27 pm CET.

Breaking the News / NP