By Gerald D. Feldman
Gerald Feldman's historical past of the the world over trendy coverage company Allianz AG within the Nazi period is predicated principally on new or formerly unavailable archival assets, making this a extra actual account of Allianz and the boys who directed its company than was once ever ahead of attainable. Feldman takes the reader via diverse circumstances of collaboration and clash with the Nazi regime with equity and a dedication to knowledgeable research, concerning problems with damages within the Pogrom of 1938, insuring amenities utilized in pressured exertions camps, and the issues of denazification and restitution. the wider matters tested during this study--when cooperation with Nazi rules used to be obligatory and whilst it was once complicit, the best way revenue, ideology, and opportunism performed a task in company choice making, and the query of ways Jewish assurance resources have been expropriated--are fairly proper at the present time given the continued overseas debate approximately restitution for Holocaust survivors. This ebook joins a becoming physique of scholarship in response to open entry to the files of German businesses within the Nazi period. Gerald D. Feldman is Professor of background on the college of California at Berkeley. His e-book, the good ailment (Oxford, 1993) acquired the DAAD e-book Prize of the German historic organization and the booklet Prize for relevant eu historical past from the yankee ancient organization. He used to be an invited professional 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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Extra info for Allianz and the German Insurance Business, 1933-1945
1929, HABD, S239. See Moesler to Schacht, Sept. 4, 1929, HADB, S238. Justizrat Heilbrunn at the Creditors meeting on Jan. 15, 1930, HADB, S245. Aktennotiz vom 30. Jan. 1930, HADB, S241. The agreements are to be found in HADB, S233. 26 Allianz and the German Insurance Business, 1933–1945 initiative and whose sheer strength had made it possible to provide the surest and most speedily implementable alternative to bankruptcy. This solution is in sharp contrast to that involving the failure of Danat-Bank in July 1931 (under, to be sure, much worse economic and financial conditions).
Three days later, Allianz took over its direct insurance business, thus guaranteeing that policyholders would be protected. However, the satisfaction of other creditors (both national and international) was to become the subject of tedious negotiations as well as civil lawsuits, some of which dragged on into the mid-1930s. The criminal trials of the leading directors lasted into 1932, when they received jail sentences and fines. The Favag affair was thus of a piece with the other bankruptcies and scandals of the Depression period and with public perceptions that there was something rotten in the world of capitalism.
Und 6. Nov. 1929, FHA, p. 2 /4. , p. 5. 34 Yet another scheme was urged by the Victoria Versicherungs-Gesellschaft, and supported by Jakob Goldschmidt of the Danat-Bank, that would involve joint action on the part of all the large German insurance companies to deal with the problem. In the last analysis, however, the leading banks represented on the Favag supervisory board found the Allianz takeover most acceptable and welcome despite the power shift that it entailed. On the one hand, the alternatives were all being proposed in August 1929, while the full scope of the disaster was gradually coming into focus – for example, that the “silent reserves” of Favag were really its own shares that it had bought and were being held in the portfolios of companies in the concern.
Allianz and the German Insurance Business, 1933-1945 by Gerald D. Feldman