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TMCNet:  Allianz Life Promotes Todd Petit to Assistant Vice President, Actuarial Product Development

[February 08, 2013]

Allianz Life Promotes Todd Petit to Assistant Vice President, Actuarial Product Development

MINNEAPOLIS --(Business Wire)--

Allianz Life Insurance Company of North America (Allianz Life) named Todd Petit assistant vice president of Actuarial Product Development where he is responsible for life insurance product development, actuarial interface with IT, and managing new product approvals from state regulators. Petit will work across the company to sustain policy administration systems for inforce business and life insurance products. He will report to the Vice President of Actuarial Development, Renee West.

"Todd's leadership style encourages collaboration and he is known for building talent," said West. "His solid industry knowledge and actuarial expertise combined with his ability to deepen relationships have been integral to Allianz Life's success in bringing new life isurance products to market."

Before being promoted, Petit was a senior director actuary in charge of life product development. He worked across the company to help build the life insurance business. Petit also led the actuarial division's involvement to test the new business administration system. Petit started at Allianz Life in 2001 where he held various actuary roles. Before joining Allianz Life, he was staff actuary with American Express (News - Alert) Financial Advisors (currently Ameriprise Financial, Inc.) in Minneapolis. From 1993 to 1999 Petit worked with Fortis Benefits Insurance Company in Woodbury, Minn. as a product development actuary as well as a senior market analyst for the life business.

Petit received a Bachelor of Science degree in mathematics from the University of Notre Dame in South Bend, Ind. He is an Associate of the Society of Actuaries as well as 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 2013, 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.


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