What advantages does the conversion into a European company offer Allianz AG?
The complete integration of RAS into Allianz AG was from a legal point of view only possible if Allianz AG converted into a European company. The legal form of a European company contributes to Allianz having a uniform European image and simplifies restructuring efforts in the Group. The possibility of reducing the number of supervisory board members, in deviation of the rigid provisions of the German right of co-determination, increases the efficiency of the supervisory board. Furthermore, the supervisory board has more international members, as employee representatives from other European countries are also represented on the supervisory board.
