TWO NOTABLE GLOBAL companies headquartered in Munich are financial services giant Allianz and car manufacturer BMW .

FOUNDED IN 1890 , Allianz has been the biggest insurance company in the world since 2014 and currently has around $ 2.31trn assets under management . To date , Allianz employs around 160,000 staff to serve over 88mn customers across 70 countries .

Allianz splits is business clearly between insurance and asset management and is a global leader in both . Currently , the business is headed up by CEO Oliver Bäte .

84 June 2018