MINNEAPOLIS--(BUSINESS WIRE)--Allianz Life Insurance Company of North America (Allianz Life®) hired Douglas DeGrote as the new chief information security officer in the IT division. In his role, DeGrote oversees the design of IT controls, risk and the overall security management strategy. DeGrote is accountable for Information Security across Allianz Life and partners with the company’s Compliance area to oversee processes. He reports to Chief Information Officer Jeff Palm.
“Douglas brings more than 25 years of experience in risk and security management to Allianz Life and is a great asset to our team,” said Palm. “He will help us continue to successfully manage IT risk and protect information, creating a more secure future for our business and our customers.”
Prior to joining Allianz Life, DeGrote was the chief information security officer for Xcel Energy in Minneapolis for more than four years where he led the strategy and operations of the cyber security, disaster recovery and business process continuity programs. Prior to that, DeGrote was the chief information security officer with MoneyGram International in Minneapolis. He gained additional leadership experience through roles with companies in various industries including National Marrow Donor Program, Midwave Corporation and Applied Communications of Minnesota.
DeGrote holds a degree in computer programming and operations from Alexandria Technical College in Alexandria, Minn.
Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2016, 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 147,000 employees worldwide. More than 85 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.