Minneapolis-based Allianz Life Insurance Company of North America (Allianz Life) provides annuities and life insurance products in the United States in all states except for New York. In New York, annuities and life insurance products are offered by Allianz Life Insurance Company of New York (Allianz Life of NY).
Allianz Life offers various products, including fixed and variable annuities and life insurance. These products are offered through a network of more than 100,000 agents nationwide.
The company is a principal subsidiary of Allianz SE, a global financial services group that is the 31st largest corporation in the world based on revenue (Fortune Global 500, July 2013). Allianz SE employs nearly 155,000 people worldwide.
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History
Allianz Life Insurance Company of North America began as North American Casualty, started by Henry Little of Minneapolis, Minnesota in 1896. North American Casualty then merged with North American Life Association - founded in 1910 by Zeke Austin with capital from Henry Little - in 1912 to become North American Life and Casualty (NALAC). H.P. Skoglund served as NALAC's CEO for 44 years.
In 1979, NALAC was acquired by Allianz AG of Munich, Germany, becoming a company of the Allianz Group. Founded in 1890, the Allianz Group is now one of the world's largest integrated financial services organizations with asset management, life, health and property-casualty insurance, and banking operations in more than 70 countries.
The company was renamed Allianz Life Insurance Company of North America (Allianz Life) in 1993. Today, Allianz Life and Allianz Life of NY are the only Allianz Group subsidiaries providing life insurance in the U.S.
In 2010, Allianz Life was recognized by the Minneapolis Star Tribune as one of the top 100 workplaces in the Twin Cities, ranking fifth on the list of top public companies. Allianz Life was also honored in 2010 as one of Minneapolis/St. Paul Business Journal's Best Places to Work winners, ranking eight on the list of large companies with more than 1,000 full-time Minnesota employees.
Source of the article : Wikipedia
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