Allianz and the German Insurance Business, 1933-1945 by Gerald D. Feldman

By Gerald D. Feldman

Gerald Feldman's background of the across the world in demand coverage company Allianz AG within the Nazi period relies mostly on new or formerly unavailable archival resources, making this a extra exact account of Allianz and the boys who directed its enterprise than used to be ever earlier than attainable. Feldman takes the reader via different circumstances of collaboration and clash with the Nazi regime with equity and a dedication to proficient research, concerning problems with damages within the Pogrom of 1938, insuring amenities utilized in pressured exertions camps, and the issues of denazification and restitution. the wider matters tested during this study--when cooperation with Nazi regulations was once obligatory and whilst it was once complicit, the best way revenue, ideology, and opportunism performed a job in company determination making, and the query of ways Jewish coverage resources have been expropriated--are quite correct at the present time given the continuing overseas debate approximately restitution for Holocaust survivors. This publication joins a starting to be physique of scholarship in keeping with open entry to the documents of German organisations within the Nazi period. Gerald D. Feldman is Professor of historical past on the collage of California at Berkeley. His ebook, the nice illness (Oxford, 1993) bought the DAAD booklet Prize of the German historic organization and the ebook Prize for imperative eu background from the yank old organization. He was once an invited specialist on the London Gold convention in December 1997 and on the U.S. convention on Holocaust resources in Washington, D.C. in December 1998 and served as an consultant to the Presidential Commision on Holocaust resources within the usa.

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Also, the concern enjoyed the largest holdings in real estate of any German insurance company. Nevertheless, in contrast to its closest competitor (Favag), Allianz resisted the temptation to overcapitalize. Where Favag set its capital at 20 million gold marks but collected The Allianz Concern and Its Leaders, 1918–1933 15 only 40 million in premiums in 1924, Allianz, which collected 80 million in premiums that year, set its capital worth at a modest 30 million Reichsmark (RM) for Allianz and 6 million for Allianz Leben.

44 The festivities were not limited to such high personages, however. The Allianz close-of-the-business-year national meeting, which rotated between Berlin, Stuttgart, and Munich, was also held in the Bavarian capital on May 27–28 and brought together some five hundred “Allianzers” from branches, field offices, and district offices of the company along with prize winners of various competitions and older employees in all pay categories. The host Allianz organization for these members of the “Allianz family” was Bayerische Versicherungsbank and its General Director, Wilhelm Arendts.

The name of the new company was a major issue, and the final decision was to call it the Allianz und Stuttgarter Verein Versicherungs-AG. Schmitt’s willingness to make these concessions was crucial to the success of the effort, but Georgii (who was to become chairman of the supervisory board of the consolidated companies) later admitted to Hilgard that the most decisive factor was Schmitt’s persistence and 22 3. erweiterte Vorstandssitzung am 17. /18. 2 /4, p. 11. The Allianz Concern and Its Leaders, 1918–1933 17 persuasive powers.

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