Allianz Life

Suburban Minneapolis-based Allianz Life Insurance Company of North America (Allianz Life) provides annuities and life insurance products in the United States[1] 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
TypeSubsidiary
IndustryFinancial services
Founded1896 (1896)
HeadquartersGolden Valley, Minnesota
Key people
Jasmine Jirele (CEO)
ProductsInsurance
ParentAllianz
Websiteallianzlife.com

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 European global financial services group that is the 31st largest corporation in the world based on revenue (Fortune Global 500, July 2013).[2] Allianz SE employs nearly 155,000 people worldwide.

History

Allianz Life Insurance Company of North America began as North American Casualty, started by Henry M. Little of Minneapolis, Minnesota in 1896. In 1912, North American Casualty merged with North American Life Association – founded in 1905 by Zeke H. Austin with capital from Henry Little[3] – to become North American Life and Casualty (NALAC). Howell Palmeroy Skoglund (known as H. P. Skoglund) was the company's president from 1933 to 1965 as well as one of the original owners of the Minnesota Vikings.[4]

In 1979, North American Life and Casualty Co. was acquired by Allianz, a German conglomerate, which renamed the company Allianz Life Insurance Co. of North America in 1993.[4] Founded in 1890, Allianz 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.[5]

Today, Allianz Life and Allianz Life of NY are the only Allianz Group subsidiaries providing life insurance in the U.S.[6]

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.[7] Allianz Life was also honored that year as one of Minneapolis/St. Paul Business Journal’s Best Places to Work winners, ranking eighth on the list of large companies with more than 1,000 full-time Minnesota employees.[8]

On July 25, 2017, Allianz became the title sponsor of MLS's Minnesota United FC stadium in Saint Paul, Allianz Field.[9]

In July 2020, SIMON Annuities and Insurance Services LLC was delighted to add Allianz Life Insurance Company of North America to the Raymond James investment management annuity network and digital marketplace.[10]

References
  1. "Business Week Company Profile". Archived from the original on January 6, 2009.
  2. "Fortune Global 500 List - 2009". CNN.
  3. Annual Report of the Insurance Commissioner of the State of Minnesota, Volume 35, Issue 2, 1906
  4. "Getting to know Allianz: It has a long Twin Cities history". Star Tribune. Retrieved 2019-10-28.
  5. Seebacher, Uwe G. (2003-07-07). Template-driven Consulting: How to Slash More Than Half of Your Consulting Costs. Springer Science & Business Media. ISBN 9783540401285.
  6. "Long Term Care Insurance Planners" (PDF). Archived from the original (PDF) on 2012-03-01.
  7. "Star Tribune Tope Workplaces 2010". Archived from the original on 2011-05-11.
  8. "Minneapolis/St. Paul Business Journal 2010 Best Places to Work". July 16, 2010.
  9. "MNUFC & Allianz Field".
  10. "SIMON Introduces Allianz Life as Newest Carrier to Join InsurTech Platform's Marketplace". businesswire. 8 July 2020. Archived from the original on 2020-07-14. Retrieved 14 July 2020.
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