Allianz Life Insurance Co. of North America named Todd Petit as AVP of actuarial product development, where he is responsible for life insurance product development, actuarial interface with IT, and managing new product approvals from state regulators.

Allianz Life says Petit will work across the company to sustain policy administration systems for inforce business and life insurance products. He will report to the VP of actuarial development, Renee West.

Petit began working at Allianz Life in 2001. Before being promoted, Petit was a senior director actuary in charge of life product development, Allianz says. He worked across the company to help build the life insurance business, and led the actuarial division’s involvement to test the new business administration system. Before joining Allianz Life, he worked with American Express Financial Advisors (currently Ameriprise Financial Inc.) and Fortis Benefits Insurance Co.

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