Allianz renews with Williams.

The AT&T Williams F1 team has announced that Allianz has renewed its agreement, which first began back in 2000.

Speaking following the news, team boss, Sir Frank Williams said that he was delighted with the deal, which will see Allianz back his outfit for the eighth year in succession in 2007, as they begin a new chapter with the Toyota-powered FW29.

"We are delighted to extend our important association with Allianz and assist them in their engagement with Formula One as a whole," he noted. "We value our longstanding partnership with this truly global financial services company and are looking forward to rewarding their support on the race track."

Allianz meanwhile also additionally confirmed the extension of its Formula One sponsorship programme in general: "The affiliation between Allianz and Formula One has proven its worth over the years," explained Steven Althaus, responsible for Marketing Communications at Allianz. "Heading into 2007, the Allianz F1 strategy will consist of three main elements

"Firstly, on-track and pitlane branding at eight key races over the season will continue to drive the brand's presence across Allianz's strategic and emerging markets. A renewed association with longstanding partners, AT&T Williams, will also allow us to bring our Formula One engagement to life via a tangible team connection, while our activation strategy will continue to focus on road safety."

"It will be a very busy year for Allianz as 2007 also sees the launch of the global marketing campaign. The continuous promotion of our additional global sponsorship platforms, namely the Allianz Arena and the sponsorship of the BMW ORACLE Racing Team, who are competing for the America's Cup sailing accolade in Valencia, Spain, are also very high on the agenda," he added.