For Immediate Release

Munich-American Holding Corporation acquires Allianz Life and Annuity Co.

August 17, 2017 – Allianz Life Insurance Co. of North America on June 30, 2017 completed the sale of unit Allianz Life & Annuity Co. for a total consideration of about $13.0 million, resulting in a realized gain of about $3.8 million.Additionally, Allianz Life & Annuity entered into a modified coinsurance
reinsurance agreement with Allianz Life under which, all liabilities and risk associated with Allianz Life & Annuity’s policyholders will be assumed by Allianz Life. Paul Procops of Merger & Acquisition Services, Inc., served as the Financial Advisor to Allianz Life Insurance Co. of North America.

About Merger & Acquisition Services, Inc.

Merger & Acquisition Services, Inc. is a specialist advisory and financial services Firm to the insurance and reinsurance industry, with offices in New York, Connecticut, Georgia & Cayman Islands. Founded in 1999, the Firm and its affiliates provides investment banking and insurance consulting services globally, including; merger & acquisition advisory capital raising, valuations, program placement/fronting, and reinsurance advisory. Merger & Acquisition Capital Services, LLC., a registered broker-dealer and member FINRA / SIPC, is an affiliate of Merger & Acquisition Services, Inc.

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