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Allianz Backs Sailing Competition

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A large insurer will be trying to float its way into consumers’ consciousness this fall.

Allianz Life Insurance Company of North America and other U.S. units of Allianz A.G., Munich, will be title sponsors of the 6-day World Match Racing Tour event, which will start Oct. 24 in San Francisco.

The Allianz Cup event will be the only U.S. stop on the tour, and it will give the American public the only chance to see America’s Cup crews match racing in U.S. waters before the start of the 2007 Louis Vuitton Cup Challenger Selection Series for the 32nd America’s Cup, Allianz says.