Allianz Life's Giulio Terzariol Named Twin Cities CFO of the Year
Instrumental in Company Improving Financial Performance
MINNEAPOLIS -- November 19, 2013
Giulio Terzariol, Chief Financial Officer of Allianz Life Insurance Company of
North America (Allianz Life), has been recognized as CFO of the Year for the
Twin Cities area by the Minneapolis/St. Paul Business Journal. The peer-judged
annual award honors “outstanding performance as corporate financial stewards”
in seven categories. Terzariol was one of two honorees named in the public
Terzariol’s work has been instrumental in boosting the solid financial
foundation of Allianz Life. During his tenure as CFO since 2007, he and his
team have executed changes to the company’s financial practices to improve the
strength and stability of Allianz Life and its $100 billion life insurance
portfolio. As evidence of this impact, Allianz Life maintained its strong
ratings from the three key ratings agencies during the recent economic
downturn of 2008 while most other insurers saw their ratings downgraded.
“I am pleased to see Giulio honored for his outstanding contributions to our
company and our policyholders,” said Allianz Life President and CEO Walter
White. “With his help, Allianz Life steered through the financial crisis on a
steady and stable course. His work has benefited both our employees and our
customers and is a key reason why Allianz Life expects to see continued profit
and balance sheet growth. We are also even better positioned to meet the
life-long promises we make to our policyholders.”
As CFO, Terzariol is involved in every substantive decision regarding the
company and its strategy. He and his 150-strong team have implemented projects
to improve the capital position of the company, restructured the risk
management function and helped redesign all of the company’s major products to
reduce risk and make the products more sustainable. He is personally active in
numerous areas that do not at first appear finance-related such as performance
optimization and diversity initiatives.
“I am happy to accept this award on behalf of my entire team,” said Terzariol.
“Working together, we have focused consistently and successfully on
strengthening the company’s capital position and maintaining our strong
ratings as an insurer.”
About Allianz Life Insurance Company of North America
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
Press spacebar to pause and continue. Press esc to stop.