Allianz of America’s Kavitsky to Retire

January 30, 2009

After 14 years of service with Allianz, Charles (Chuck) Kavitsky will retire, effective July 31, 2009. Until that time, he will continue in his current role as chairman, president and CEO of Allianz of America and chairman of Fireman’s Fund Insurance Co. Decisions on his succession will be announced in due course.

Kavitsky’s leadership, expertise in distribution and ability to innovate helped to bring success to Allianz’s US insurance operations. His focus on the business as well as customers and the community led to the creation of such programs as Fireman’s Fund Heritage and the launch of its green products. He played important roles in Allianz of America, Fireman’s Fund and Allianz Life of North America.

“Chuck was instrumental in the development and roll out of Allianz’s global Customer Focus Initiative. This work and his contributions as a member of the International Executive Committee of Allianz SE will continue to position Allianz as a trusted partner for policyholders and distribution worldwide,” said Clement (Clem) Booth, member of the Board of Management of Allianz SE responsible for insurance in Anglo broker markets, NAFTA markets, and global lines.

Allianz of America (AZOA), based in Novato, Calif., is the parent of Fireman’s Fund Insurance Co. and Allianz Life Insurance Company of North America. AZOA is a member of the Allianz Group.

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