History of Allianz Australia

Key events in our history

2006

Allianz is granted a licence by the regulators APRA and ASIC, to sell life insurance products in Australia under the company name Allianz Australia Life Insurance Ltd.

Allianz Australia's injury management and workplace health subsidiary Recovre is sold to Hawkesbridge Private Equity to become an independent company.
2005The company successfully tenders to provide claims management services to the NSW Government's Treasury Managed Fund.
2004Allianz Australia appointed by Telstra as its national workers' compensation claims manager in partnership with insurance broker Marsh.
2003Allianz Australia establishes three-year relationship with Open Family, supporting an Open Family street outreach worker to assist underprivileged Australian children.
2002Allianz Australia subsidiary Combrook re-brands as Recovre.

Allianz Australia participates in a joint venture called the Community Care Underwriting Agency to assist not-for-profit-organisations with public liability insurance.
2001Allianz Australia Advantage (AAA) is formed to manage a joint venture between Allianz Australia and HIH Insurance. In March, Allianz Australia buys out HIH's interest in the joint venture.
2000Official change in title from MMI to Allianz Australia in July 2000
1998 Allianz acquires majority shareholding in MMI and MMI becomes a wholly-owned subsidiary of Allianz AG.
1997The company establishes two new entities, DirecDial Financial Services Limited and SafetyNet Services Pty Ltd, now integrated within the mainline businesses.
1994MMI becomes a publicly listed company in April 1994.
1993MMI acquires the operation of Switzerland Insurance Australia Ltd.
1991Club Marine acquisition takes place, increasing the company’s Pleasurecraft Insurance portfolio.
1990MMI enters into the insurance premium funding market and establishes an office in New Zealand.
1989The company’s operations expand in Victoria, South Australia, West Australia and Tasmania with the acquisition of "Chamber of Manufacturers Insurance".
1987 Combrook Pty Limited is incorporated as a wholly owned subsidiary of MMI.
1986MMI acquires the Australian operation of Allianz.
1970The company takes on the management of the Yasuda Fire and Marine Insurance’s Australian business.
1960The company acquires "The Western Australian Insurance Company Limited" and as a result operations extend to Victoria, South Australia and Western Australia.
1951The company is operating throughout New South Wales and Queensland with 26 district officers and a staff of 388 people.
1942The company’s assets pass the $1 million mark.
1933The Queensland Chamber of Manufacturers suggests that MMI extend its operation to Queensland.
1920The company changes its name to Manufacturers Mutual Insurance Limited, (MMI).
1914The first annual report of the company showed that "The Manufacturers' Mutual Accident Insurance Association Limited" commenced its Workers’ Compensation underwriting business on 30 May 1914.

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