Allianz Life Insurance Company of North America has appointed Steve Thiel as the vice president of actuarial reporting and analysis, for timely reporting of actuarial balances while analyzing the financial performance.

Serving as valuation actuary, he will also spearhead the delivery of key projects that drive financial stability, to cater continuing assessment about the assets of the firm.

According to the US insurer, Thiel will report to the senior vice president and chief actuary of the firm, Neil McKay.

McKay said, "He is very well positioned to lead the actuarial financial reporting function within Allianz Life and will help maintain our financial strength."

Thiel joined the firm in 2008 in the product management team as a senior director actuary and managed significant drivers of product performance to support long-term sustainability.

Prior to Allianz Life, he worked as assistant vice president at Sun Life Financial in Brookfield, Wisconsin, for seven years managing the reinsurance finance division.

The firm offers a wide variety of annuities and life insurance products.