The story
The company has its origins in the Spanish insurance company La Unión y el Fénix which has a history that goes back to 1864. In 1991 a dedicated motor insurance subsidiary was established with the name of Fénix Autos.
In 1995, as a result of the merger between AGF Assurances and La Unión y El Fénix, Fénix Autos changed its name Fénix Directo. After the merger in 1999 with the German insurance group and supplier of financial services Allianz, Fénix Directo became a member of one of the largest insurance groups in the world.
From Wikipedia’s article on Fénix Directo, shared under CC BY-SA 4.0.4