10 Companies That Did Business With Nazis
3. Allianz
Allianz is one of the top insurance and financial service companies in the world. Founded in 1890
in Germany, Allianz capitalized on the Nazi’s rise to power. The CEO Kurt Schmitt was the economics minister in Hitler’s government, so any insurance deals went straight to Allianz. The company insured all the facilities and employees at Auschwitz. A death camp with an insurance policy, imagine that. Allianz was also the top provider of life insurance to German citizens. As a result, prior to the Holocaust, Allianz made large profits from life insurance policies paid for by Jewish Germans, and then kept all the money from the policies. When Holocaust survivors tried to claim a policy, Allianz denied it, stating that there was no administrative record of the family members death.
