Allianz Life Appoints Giulio Terzariol as New CFO

MINNEAPOLIS--(BUSINESS WIRE)--Allianz Life Insurance of Company North America, the leading innovator of financial solutions for consumers who want protection, income, and the guidance of a trusted financial professional, today announced that Giulio Terzariol has been promoted to chief financial officer. As the new CFO, Giulio will lead all financial functions at Allianz Life including financial planning, management, reporting, and corporate risk management. He will report to Gary Bhojwani, president & CEO of Allianz Life.

“Giulio’s expertise has been critical to our organization,” said Bhojwani. “He has brought a heightened level of rigor to our business by driving the use of business performance metrics.”

Giulio joined Allianz Life in May 2007 as business financial officer. During his tenure, he has made significant contributions to the organization. Specifically, Giulio championed the company’s financial excellence strategy and made notable improvements in the quality of its financial planning and analysis processes. Prior to joining Allianz Life, Giulio served as the regional chief financial officer for Allianz Asia Pacific in Singapore. He previously held various positions in Group Planning & Controlling at Allianz SE in Munich.

“I am excited to take on this expanded role at Allianz Life,” said Giulio Terzariol. “Allianz has a robust financial structure. I look forward to working with our team of dedicated professionals to further strengthen the financial performance of the company.”

About Allianz Life Insurance Company of North America

Founded in 1896 and based in Minneapolis, Allianz Life provides fixed and variable annuities, life insurance policies, and long-term care insurance products in the United States. Allianz products are offered through a nationwide network of independent distribution. The company is part of Allianz SE, a global financial services group that is the 14^th largest corporation in the world based on revenue (Fortune, July 2008). Allianz SE employs more than 177,000 people worldwide.