Headquarters: 5701 Golden Hills Dr., Minneapolis, MN 55416
2009 Reported Premium: $9 billion (up 2 percent from 2008)
Key Officers: Gary C. Bhojwani, President, Chief Executive Officer; Giulio Terzariol, Chief Financial Officer; Axel Zehren, Chief Investment Officer.
Minneapolis-based Allianz Life was founded in 1896 as North American Casualty. In 1979, it was acquired by Allianz SE of Munich, Germany, a global financial services group that was ranked 20 on the 2009 Fortune Global 500 list of the world’s largest corporations, based on revenue. Allianz SE is among the largest property and casualty insurers and financial services providers in the world with operations in over 70 countries.
Allianz Life and Allianz SE consistently receive some of the highest financial strength ratings available from independent agencies Standard & Poor’s, A.M. Best and Moody’s, affirmed in late 2009 and 2010.
The Allianz Personal Auto Policy is underwritten by National Surety Corporation, and provides tailored auto coverage for its global customers. The Fireman’s Fund insurance company, acquired in 1991 by Allianz SE and now a part of the Allianz companies, offers auto liability, medical payments and physical damage coverage in a world-wide policy (not limited to the United States and Canada).
Every Allianz Life employee receives eight hours of paid time off annually to use volunteering at a local nonprofit organization of their choice. With this program, Allianz Life employees devote thousands of hours to local charities each year.
Sources: allianzlife.com, Hoover’s
Compiled by Life Quotes, Inc. staff
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