Posted on 16 Dec 2011
Allianz Life Insurance Company of North America has named Walter White as the new president and CEO, effective January 1, 2012. White succeeds Gary C. Bhojwani, who will continue to reside in Minneapolis, becoming Chairman of Allianz Life and assuming responsibility for the U.S. insurance operations of Allianz on the Board of Management of Allianz SE, Munich. White joined Allianz Life in 2009 as Chief Administrative Officer responsible for Compliance, Information Technology, Operations, and Suitability. White’s appointment is subject to approval by the Board of Directors of Allianz Life.
"I am pleased that someone of Walter’s caliber and integrity will take the helm of Allianz Life. Walter has been instrumental in strengthening distribution relationships, taking our technology to the next level and improving service quality throughout the organization. I am confident that under his leadership the company will continue to thrive and reach even greater heights,” said Bhojwani.
“I am deeply honored to assume responsibility for Allianz Life and to represent and lead such an exceptional community of employees,” said White. A new Chief Administrative Officer for Allianz Life will be named in due time.
Prior to joining Allianz Life in 2009, White was president of Woodbury Financial Services (Hartford Life’s independent broker/dealer). He led the formation of Woodbury Financial after Hartford Life purchased Fortis Financial Group, a financial services, insurance, and investment company, in 2001. At Fortis, White held senior leadership positions in operations, finance, marketing, and sales. Before joining Fortis, White was also president of MONY Brokerage, the MONY Group’s life insurance brokerage subsidiary.
White holds a Bachelor of Arts degree from Yale University and an MBA from The Wharton School at the University of Pennsylvania. He holds a Chartered Life Underwriter (CLU) designation.
About Allianz Life
Allianz Life Insurance Company of North America has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income 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 150,000 employees worldwide. More than 80 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities and safeguard themselves against risk.