April 25 - German multinational financial services company Allianz have extended their deal as an International Partner of the International Paralympic Committee (IPC) in a four-year agreement that will include Sochi 2014 and Rio 2016.
Allianz has been a partner of the IPC since 2006 and upgraded their sponsorship in 2011 to become the first International Partner of the Paralympic governing body.
The role has seen them work to foster public awareness and generate a greater interest in Paralympic sport in general.
The four-year extension deal was signed by IPC President Sir Philip Craven and Allianz SE Board member Werner Zedelius.
"I am delighted that Allianz and the IPC are continuing their successful partnership," said Sir Philip.
"It is really a passionate relationship and Allianz gets the spirit of the Paralympic Movement and its athletes.
"Over the past seven years, Allianz has been a dedicated, reliable and professional supporter of the Paralympic Movement and I am looking forward to the next four years of our cooperation.
"Allianz will be an important partner for the IPC to further increase the awareness for the Paralympic Movement and the Paralympic athletes."
As well as the deal with the IPC, Allianz have sponsorship agreements in place with a number of National Paralympic Committees (NPCs) including Croatia, Czech Republic and Germany.
Further NPC deals will follow this year so that the total number of local cooperations should be a minimum of 13.
In addition to the global and local partnerships, Allianz will also be involved with IPC Athletics.
"Last year's Paralympic Games in London have clearly helped to change people's perceptions," said Zedelius.
"As a committed partner of the IPC, it has been a great pleasure for Allianz to support the Movement and the athletes.
"By continuing and expanding our mutually beneficial partnership, Allianz is happy to help build on the success of London 2012 to further raise awareness and break down barriers."
The signing is another huge boost for the IPC this year as it comes just after International IT services company Atos extended their Worldwide Paralympic sponsorship of the Paralympic governing body through to Rio 2016 earlier this month.
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