NU Online News Service, Nov. 29, 2004, 4:15 p.m. EST

A U.S. arm of a German insurer has announced 2 high-level executive changes.[@@]

Allianz Life Insurance Company of North America, Minneapolis, has promoted Doug Reynolds to chief operating officer and Hayward Sawyer to director of sales and distribution.

Reynolds, who began working for Allianz Life as its chief information officer in 2002, previously worked in information technology at Best Buy Company Inc., Richfield, Minn. He also spent 18 years at Prudential Financial Inc., Newark, N.J.

Sawyer began working for Allianz Life in June as national sales director for the company’s USAllianz Investor Services unit. He has been executive vice president of American Skandia, Shelton, Conn.

Allianz Life is an arm of Allianz A.G., Munich.