MINNEAPOLIS--(BUSINESS WIRE)-- Allianz Life Insurance Company of North America (Allianz Life®) named Steve Thiel as vice president of Actuarial Reporting and Analysis. In this role, Thiel will be responsible for timely reporting of actuarial balances while analyzing the financial performance of Allianz Life. He will oversee the delivery of key projects that drive financial stability while serving as valuation actuary, to provide ongoing assessment about the assets of the company. He reports to the Senior Vice President and Chief Actuary for Allianz Life, Neil McKay.
“Steve has been instrumental in ensuring our products meet desired profitability in a challenging market environment,” said McKay. “He is very well positioned to lead the actuarial financial reporting function within Allianz Life and will help maintain our financial strength.”
Thiel joined Allianz Life in 2008 where he led the product management team as a senior director actuary. He oversaw the profitability of in-force business and analyzed the key drivers of product performance to support long term sustainability. He also partnered with the Operations and IT divisions to develop a robust platform for managing the existing in-force business. Prior to joining Allianz Life, Thiel was an assistant vice president for Sun Life Financial Inc. in Brookfield, Wis. for seven years leading the Reinsurance Finance division. He was responsible for the finance functions of the reinsurance businesses, managed reserves including sourcing and future funding, and directed asset liability and capital management. Thiel also held a role as an actuary for Allstate Insurance Company in Northbrook, Ill. for five years.
Thiel holds a Bachelor of Business Administration degree from the University of Wisconsin in Madison. He is a Fellow in the Society of Actuaries and a member of the American Academy of Actuaries.
About Allianz Life
Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2012, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees worldwide. More than 78 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.
Allianz Life Insurance Company of North America
Sara Thurin Rollin, 763-765-6703
Source: Allianz Life Insurance Company of North America