Saturday, March 12, 2011

Agreement between the BMW Group and Allianz

An agreement between BMW and Allianz in service "payment protection" and "asset protection insurance" for the German market, Italian and French. During the period April to June of this year, BMW will provide customers with protection for all payments Allianz PPI and GAP insurance to protect property.

Karsten believe, a number of Global Automotive business of Allianz, said that "the award of the PPI group Alliaz at European level is an important step and confirms the further extension of our strategic partnership with the BMW Group." For its part, Erich Ebner von Eschenbach, head of BMW Group Financial Services says that "strong experience in their respective fields offers the BMW Group and the Allianz Global Automotive complrtano each other." Through this agreement, the shares of BMW went well the Frankfurt Stock Exchange and gained one and a half percentage points.

Allianz also good progress with a +0.77%.

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