By Gerald D. Feldman
Gerald Feldman's heritage of the the world over widespread assurance company Allianz AG within the Nazi period is predicated mostly on new or formerly unavailable archival resources, making this a extra exact account of Allianz and the lads who directed its enterprise than was once ever ahead of attainable. Feldman takes the reader via different circumstances of collaboration and clash with the Nazi regime with equity and a dedication to trained research, bearing on 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 concerns tested during this study--when cooperation with Nazi guidelines used to be obligatory and whilst it used to be complicit, the best way revenue, ideology, and opportunism performed a job in company choice making, and the query of ways Jewish assurance resources have been expropriated--are fairly proper this day given the continuing overseas debate approximately restitution for Holocaust survivors. This publication joins a starting to be physique of scholarship in response to open entry to the documents of German agencies within the Nazi period. Gerald D. Feldman is Professor of heritage on the collage of California at Berkeley. His ebook, the good affliction (Oxford, 1993) obtained the DAAD ebook Prize of the German old organization and the booklet Prize for relevant eu historical past from the yank ancient organization. He was once 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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Some of Favag’s foreign creditors proved unwilling to agree and thought that the German banks on the supervisory board should pick up the bill. The situation was worrisome to Economics Minister Curtius, who summoned Directors Oscar Wassermann of Deutsche Bank and Jakob Goldschmidt of Danat-Bank and told them “the banks must make large payments to prevent a cessation of payment by Favag. ” They all agreed, however, that the Reichsbank had to intervene and assist, and they went to see Reichsbank President Hjalmar Schacht toward this end.
Aug. 1929, and other relevant correspondence in HADB, S236; Schweizer-Rück-Ausschuß-Sitzungen, August 1929, SR, Ausschuß-Sitzungen, Bd. 10. Sitzung der Berliner Hauptbeteiligten des Bankkonsortiums, 17. Aug. 1929, HADB, S245. Hermes was a part of the Allianz concern, and Emil Herzfelder was a specialist in credit insurance. 24 Allianz and the German Insurance Business, 1933–1945 to anxieties about its increased power. Thus, Favag would be neither formally annexed nor allowed to disappear; rather, it would be reestablished (albeit as a company within the Allianz concern) as Neue Frankfurter Allgemeine Versicherungs AG.
The host Allianz organization for these members of the “Allianz family” was Bayerische Versicherungsbank and its General Director, Wilhelm Arendts. They, too, were treated to an anniversary celebration at which five hundred persons were in attendance in the Festival Hall of the Munich City Hall. One of the high points of this occasion was the award of the Spear Thrower to Alfred Wiedemann, head of the Dresden branch and later general director of Neue Frankfurter, which was conceded with grace and good humor in self-composed verse by the previous year’s winner and one of the stars of the concern with a seemingly bright future, Director Maximilian Eichbaum of the Magdeburger branch.
Allianz and the German Insurance Business, 1933-1945 by Gerald D. Feldman