Fireman’s Fund Names New CEO and President

May 7, 2004

Jeff Post has resigned as CEO and president of the U.S. Allianz subsidiary Fireman’s Fund Insurance Company (FFIC) for personal reasons and will leave the company at his own request. He will be succeeded by Fireman’s Fund Board Member Charles (Chuck) Kavitsky, who will step down from his current position as president of Allianz Life, effective immediately. California-based Fireman’s Fund and Allianz Life are wholly-owned subsidiaries of the Allianz Group.

Post joined Fireman’s Fund in May 1994 as chief actuary and was appointed CFO in January 1996. In January 2001, he became CEO.

Kavitsky joined LifeUSA in 1995 where he was part of the senior management of the company and was also responsible for product development. Allianz Life acquired LifeUSA in 1999. In 2002, Kavitsky was appointed president of the new Allianz Life.

Fireman’s Fund Insurance Company provides personal, commercial, marine, excess and surplus lines and agribusiness insurance products.

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