Allianz Group will become HypoVereinsbank's new insurance partner, with effect from Jan. 1, 2018.

The collaboration will replace the previous deal between HypoVereinsbank, which trades as UniCredit Bank AG, and Munich Re's ERGO Group AG.

From the day the sales collaboration becomes effective, new insurance contracts with the UniCredit SpA unit will be taken out through Allianz. Contracts that customers of HypoVereinsbank conclude with ERGO will remain in force.