Allianz Life Promotes Mike Scriver to Senior Vice President, Global Head of Hedging for Allianz Investment Management

  Allianz Life Promotes Mike Scriver to Senior Vice President, Global Head of
  Hedging for Allianz Investment Management

Business Wire

MINNEAPOLIS -- July 2, 2013

Allianz Life Insurance Company of North America (Allianz Life®) promoted Mike
Scriver to senior vice president of Hedging for Allianz Investment Management
LLC, a registered investment adviser with the SEC and wholly owned subsidiary
of Allianz Life. Scriver, who acts as global head of hedging for Allianz SE
and its operating entities around the world, is responsible for providing
strategic direction to develop and implement innovative hedging strategies and
manages all major aspects of quantitative financial risk management
operations. Scriver also provides equity and interest rate hedging programs,
incorporating advanced derivative strategies. He reports to Allianz Life
Senior Vice President and Chief Investment Officer, Carsten Quitter.

“Mike’s extensive experience has been instrumental in establishing Allianz
Life as an industry leader in insurance product hedging,” said Quitter. “His
expertise will allow us to secure the guarantees that back our annuity and
life insurance products. At the end of the day, the promises we make in our
products are designed to generate results for our customers.”

Scriver has been with Allianz Life since 2005 leading product hedging
activities, including implementation of complex derivative strategies to hedge
market guarantees associated with a multi-billion dollar global annuity
product portfolio. Prior to joining Allianz Life, Scriver performed
quantitative research and derivatives trading as a quantitative analyst for
more than three years with Provident Advisors, a multi-strategy hedge fund in
Wayzata, Minn. He also held various actuarial roles with ING in Minneapolis
where he was responsible for actuarial modeling and cash flow testing.

Scriver earned a Bachelor of Science degree in Mathematics from Colorado State
University in Fort Collins, Colo. He holds several professional designations,
including Chartered Financial Analyst, Fellow of the Society of Actuaries, and
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.


Allianz Life Insurance Company of North America
Sara Thurin Rollin, 763-765-6703
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