By Gerald D. Feldman
Gerald Feldman's historical past of the across the world in demand assurance company Allianz AG within the Nazi period relies mostly on new or formerly unavailable archival resources, making this a extra actual account of Allianz and the lads who directed its company than was once ever ahead of attainable. Feldman takes the reader via diverse situations of collaboration and clash with the Nazi regime with equity and a dedication to knowledgeable research, referring 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 was once obligatory and whilst it was once complicit, the best way revenue, ideology, and opportunism performed a task in company selection making, and the query of ways Jewish coverage resources have been expropriated--are quite correct at the present time given the continuing foreign debate approximately restitution for Holocaust survivors. This publication joins a turning out to be physique of scholarship in line with open entry to the files of German companies within the Nazi period. Gerald D. Feldman is Professor of heritage on the collage of California at Berkeley. His publication, the nice affliction (Oxford, 1993) acquired the DAAD e-book Prize of the German ancient organization and the publication Prize for important ecu heritage from the yankee ancient organization. He used to be 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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27 Despite this seemingly happy state of affairs, rumors were rife about peculiarities in the financial management of the company. The Favag supervisory board and the important bankers who sat on it were aware of these rumors, but they 25 26 27 On these more general aspects and for a fuller treatment, see ibid. and Gerald D. ), The Interwar Depression in an International Context (Munich, 2001). The roots of the company go back to 1865, when it concentrated on glass insurance. It then moved into transportation insurance and was called Frankfurter Transport- und GlasversicherungsGesellschaft until its takeover of Frankfurter Lebensversicherungs-AG in 1911 led to its change of name to Frankfurter Allgemeine Versicherungs AG.
Hilgard seemed to have enjoyed everything about his government work but the pay, which was causing him and his wife increasing difficulties in those inflationary times. Thus, when unexpectedly called by Schmitt at the end of 1920 and asked if he were willing to make a change of career, Hilgard accepted the invitation to have an interview with Schmitt, Heß, and von der Nahmer; he subsequently accepted the position of deputy director and the attractive salary that came with it. As Hilgard was well aware, his decision involved something of a social comedown, not only because of the continued high status enjoyed by members of the ministerial bureaucracy but also because, as his in-laws made sure to remind him, the insurance field had a much lower status than banking at that time.
33 It is important to note that there had been some genuine national and international resistance against Allianz’s self-interested but salutary intervention in the Favag affair. As mentioned previously, Schmitt had broached the possibility of fusion with Allianz in his talks with Bodenheimer, and other discussions had taken place at a time when the problems of the company had not been revealed. Even after they were, the basic insurance business remained very attractive, which explains the rapidity of Schmitt’s intervention.
Allianz and the German Insurance Business, 1933-1945 by Gerald D. Feldman