A major player in the equity-indexed annuity market has given a top executive a new title.

Allianz Life Insurance Company of North America, Minneapolis, says Douglas Reynolds is now the company’s president.

Reynolds, who has been the company’s chief operating officer since 2004, will keep that title, and he will continue to report to Mark Zesbaugh, the company’s chief executive officer.

Reynolds has a bachelor’s degree from Metropolitan State University and a master’s degree in business from the University of St. Thomas.

Allianz Life is a unit of Allianz A.G., Munich.