Allianz and Minnesota Utd announce naming-rights partnership for new stadium
Allianz Life Insurance Company of North America, a member of the Allianz Group, and Minnesota United FC have this week unveiled a multi-year naming-rights sponsorship agreement for the team’s new soccer stadium in St. Paul, Minnesota, which will be known as Allianz Field.
The new stadium, which is being privately paid for by a partnership composed of Minnesota-based families and business leaders, is the first stadium in Minnesota without a direct public subsidy.
Jean-Marc Pailhol, Head of Group Market Management and Distribution at Allianz SE, said:
We are very happy to welcome Allianz Field to our global family of stadiums. Allianz Life is the leading provider of retirement and protection solutions in the U.S. and this stadium partnership, our first in North America, provides us with a great opportunity to share our passion for soccer and reinforce our commitment to the community.
The stadium will have a translucent PTFE laminate mesh skin and features LED lighting technology similar to Allianz Arena in Munich, which allows the stadium to change colours in response to different events and activities. The stadium will feature modern amenities and advanced technology, and is specifically designed to positively address sustainability while minimising environmental impact and energy usage.
The Allianz Group serves 86 million retail and corporate customers in more than 70 countries, making it one of the world’s largest insurers and asset managers. In 2016, over 140,000 employees worldwide achieved total revenues of 122.4 billion euros and an operating profit of 10.8 billion euros. Allianz Group managed an investment portfolio of 653 billion euros. Additionally our asset managers AllianzGI and PIMCO managed over 1.3 trillion euros of third-party assets. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property and health insurance to assistance services to credit insurance and global business insurance. As an investor, Allianz is active in a variety of sectors including debt, equity, infrastructure, real estate and renewable energy. The Group’s long-term value strategies maximize risk-adjusted returns.
About Allianz Life Insurance Company of North America
Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2017, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. In 2016, Allianz Life provided a total of $2.6 billion in benefit payments that supported policyholders’ financial objectives. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees in more than 70 countries worldwide. More than 85 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.