By Gerald D. Feldman
Gerald Feldman's historical past of the across the world trendy assurance company Allianz AG within the Nazi period is predicated principally on new or formerly unavailable archival assets, making this a extra exact account of Allianz and the lads who directed its enterprise than was once ever prior to attainable. Feldman takes the reader via assorted instances of collaboration and clash with the Nazi regime with equity and a dedication to educated research, pertaining to problems with damages within the Pogrom of 1938, insuring amenities utilized in compelled exertions camps, and the issues of denazification and restitution. the wider concerns tested during this study--when cooperation with Nazi regulations used to be obligatory and whilst it was once complicit, the best way revenue, ideology, and opportunism performed a task in company determination making, and the query of the way Jewish assurance resources have been expropriated--are fairly proper this present day given the continued overseas debate approximately restitution for Holocaust survivors. This e-book joins a turning out to be physique of scholarship in response to open entry to the files of German enterprises within the Nazi period. Gerald D. Feldman is Professor of heritage on the collage of California at Berkeley. His publication, the good ailment (Oxford, 1993) bought the DAAD booklet Prize of the German ancient organization and the publication Prize for significant ecu historical past from the yankee historic 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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Additional info for Allianz and the German Insurance Business, 1933-1945
IV, pp. 756–9. The Allianz Concern and Its Leaders, 1918–1933 11 Allianz, of course, was by no means unique in its policies of concentration and concern building, which were general characteristics of the Weimar economy during the inflationary period 1918–1923 and then in the period of stabilization between 1924 and 1929–1930. Finance man that he was, von der Nahmer had provided well for Allianz during the war, investing as little as possible in war bonds while storing up foreign exchange wherever he could.
German supervisory boards were composed of persons who were not personally responsible for their failures as supervisors and whose organizations were not responsible, either. The supervisory board of Favag did take some action in May by setting up an auditing committee, but the Favag directors continued to maintain that the company was sound and provided the required information only slowly and reluctantly. Finally, however, enough facts were out to make impossible any further unwillingness on the part of the supervisory board to at least discuss the problem.
17 Whatever the case, Arminia was shortly to be relieved of the need to exercise itself about such matters when it was swallowed up by Allianz Leben in 1923. In a final burst of inflation-period concentration that year, Allianz also took over Providentia Frankfurter Versicherungs-Gesellschaft and Deutsche Phönix Versicherungs AG, both in Frankfurt am Main, the Wilhelma Allgemeine Versicherungs AG in Magdeburg, and Freia Bremen-Hannoversche Lebensversicherungs Bank AG in Berlin. It also acquired Union (Allgemeine Deutsche Hagel-Versicherungs-Gesellschaft) in Weimar.