The exclusion of Germany's Jewish population began with laws barring Jews from holding civil-service posts. In the private sector as well it became increasingly difficult for Jews to hold on to their jobs. Jewish employees in senior positions were the first victims of the prevailing antisemitic atmosphere, and this was also the case at Allianz.
In 1934, for example, James Freudenburg had to step down from his post as Chairman of the Board at a Frankfurt subsidiary of Allianz. He was pensioned off in 1936 at the age of 61. James Freudenburg did not manage to leave Germany - he was deported and murdered in Auschwitz in 1944.
Maximilian Eichbaum was director of Allianz's branch office in Magdeburg. He lost his post in 1935. Plans to assume the management of an Allianz subsidiary in Austria did not come to fruition. In 1937 Eichbaum and his family emigrated to South Africa, where Allianz found him a job with an associated insurance company.
It was in an atmosphere of denunciations, racist assaults launched by party organizations and the population and an ever-growing number of legal restrictions that companies gradually dismissed their Jewish employees. At Allianz this meant that eventually in 1938 contracts with Jewish agents, such as Martin Lachmann from Berlin, were no longer renewed. Although members of his family had already emigrated to Sweden in the mid-1930s, Martin Lachmann was reluctant to leave Germany. When living conditions for the Jewish population became ever more oppressive from 1938 onwards, he finally decided to emigrate. But his efforts were in vain. Martin Lachmann had to stay in Germany and was later deported to Minsk, where he was murdered in November 1941.