By Gerald D. Feldman
Gerald Feldman's background of the across the world famous coverage company Allianz AG within the Nazi period relies principally on new or formerly unavailable archival assets, making this a extra actual account of Allianz and the boys who directed its enterprise than used to be ever sooner than attainable. Feldman takes the reader via assorted circumstances of collaboration and clash with the Nazi regime with equity and a dedication to expert research, referring to problems with damages within the Pogrom of 1938, insuring amenities utilized in compelled hard work camps, and the issues of denazification and restitution. the wider matters tested during this study--when cooperation with Nazi guidelines used to be obligatory and whilst it was once complicit, the way revenue, ideology, and opportunism performed a task in company selection making, and the query of the way Jewish coverage resources have been expropriated--are quite suitable this present day given the continued overseas debate approximately restitution for Holocaust survivors. This publication joins a turning out to be physique of scholarship in line with open entry to the documents 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 disease (Oxford, 1993) obtained the DAAD e-book Prize of the German ancient organization and the publication Prize for primary ecu background from the yankee historic 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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Additional info for Allianz and the German Insurance Business, 1933-1945
Even if the banks are not in agreement with all the engagements, there is still no doubt that the Frankfurter was a first-class corporation that is making good earnings and progressing. ” 29 This was quite optimistic given the rumors that had been circulating, and the passivity of Bodenheimer and other bankers on the Favag supervisory board is no less remarkable in the face of the newspaper articles that began to appear in the Frankfurter Zeitung in the spring of 1929. These articles were the work of Artur Lauinger, a pioneer in investigative journalism who had a special interest in insurance questions.
Furthermore, the RAA thereby issued an effective ban on payment to other creditors until the price Allianz would pay could be decided and until the assets and liabilities of the rump Favag could be determined. It fell within the powers of the RAA to give primary protection to the policyholders, but these actions also involved a bypassing of the interests of shareholders and other creditors that the RAA could only justify with the argument that the value of Allianz’s acquisition would diminish if insurance business turned elsewhere and that this would not be in the interest of anyone.
Even after they were, the basic insurance business remained very attractive, which explains the rapidity of Schmitt’s intervention. It was attractive to others as well, especially the group of insurance companies connected with Director Johannes Nordhoff of the Berlinische Feuer-Versicherungs-Anstalt. The latter was closely allied to the Schweizerische Rückversicherungs-Gesellschaft (Swiss Re) in Zurich, which was a competitor of the Allianz-associated Munich Re. It was anxious to expand its operations in Germany, not by acquiring portions of the Favag itself (from which it expected more “surprises”) but rather by gaining control of two old, solid, and well-respected companies in the Favag concern: Karlsruher Lebensversicherungsbank-AG in Karlsruhe and Vereinigte Berlinische und Preußische Lebensversicherungs AG in Berlin.