The Allianz Group has agreed on a partnership with the BMW WilliamsF1 Team and a unique safety collaboration with the FIA, the governing body of world motorsport. As Dr. Henning Schulte- Noelle, Chairman of the Allianz Group's Board announced during the annual press conference on May 19 in Munich, the long term co-operation with the BMW WilliamsF1 Team contractually agreed on the previous day includes global sponsoring activities, mutual technical know-how transfer and collaboration in risk management and in the field of insurance and financial service.