Charles “Chuck” Kavitsky, chairman, president and chief executive officer of Allianz of America and chairman of Fireman's Fund Insurance Company will retire effective July 31, after 14 years of service with Allianz, the company announced.
Allianz said he will continue in his current role until his retirement. The company has not made a decision on his successor.
The firm in a statement praised their CEO for leadership, expertise in distribution and ability to innovate that it said had helped to bring success to Allianz's U.S. insurance operations.
His focus on the business as well as customers and the community led to the creation of such programs as Fireman's Fund Heritage and the launch of its green products, and he played important roles in Allianz of America, Fireman's Fund and Allianz Life of North America, the company said.
“Chuck was instrumental in the development and roll out of Allianz's global customer focus initiative. This work and his contributions as a member of the international executive committee of Allianz SE will continue to position Allianz as a trusted partner for policyholders and distribution worldwide,” said a statement from Clement Booth, an Allianz SE board member.
Allianz of America is based in Novato, Calif., and is the parent of Fireman's Fund Insurance Company and Allianz Life Insurance Company of North America. The companies are subsidiaries of Munich-based Allianz Group.
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