Allianz SE
Leadership History
4 leaders · 1971 to present
Oliver Bäte is the CEO of Allianz, in the role since 2015. The first chief executive was Henning Schulte-Noelle, from 1991.
| Name | Role | From | To | Years in role |
|---|---|---|---|---|
| Oliver Bäte | Chief Executive Officer | 2015 | Present | 11 |
| Michael Diekmann | Chief Executive Officer | 2003 | 2015 | 12 |
| Henning Schulte-Noelle | Chief Executive Officer | 1991 | 2003 | 12 |
| Wolfgang Schieren | Chairman of the Board of Management | 1971 | 1991 | 20 |
Allianz SE is the parent company of a group active in insurance and asset management. Property-Casualty and Life/Health generate insurance business volume, while PIMCO and Allianz Global Investors generate asset-management fees. Allianz SE is headquartered at Königinstrasse 28 in Munich. The company is headquartered in Munich, Germany. The multinational financial services behemoth was established in Berlin, Germany during the late 19th century, enduring through massive historical upheavals to become one of the most powerful insurers on the planet.
Allianz collects premiums for Property-Casualty and Life/Health coverage, invests insurance assets, and earns management and performance fees in Asset Management. PIMCO and Allianz Global Investors manage third-party assets. Allianz reports Corporate and Other separately from these three operating businesses.
Chief Executive Officer
2015 – Present
11 years (current)
Under Bäte, Allianz continued group-wide operating simplification and announced a 2025 to 2027 strategic cycle centered on growth, productivity, and capital efficiency.
Bäte became CEO in May 2015 and has led Allianz through its current insurance and asset-management strategy and the response to the Structured Alpha matter.
Chief Executive Officer
2003 – 2015
12 years
Diekmann successfully navigated the severe 2008 financial crisis without requiring a state bailout, significantly reducing Allianz's exposure to toxic equities.
As CEO, he orchestrated the complex legal transformation of Allianz into a 'Societas Europaea' (SE), the first major company in the EURO STOXX 50 index to adopt the unified European corporate structure.
Chief Executive Officer
1991 – 2003
12 years
Schulte-Noelle executed the disastrous €23.5 billion acquisition of Dresdner Bank in 2001, an attempt to create a massive 'bancassurance' model that completely failed.
As CEO through the 1990s, he rapidly pushed the company into asset management via the acquisitions of PIMCO and Nicholas Applegate, establishing Allianz's massive, highly profitable non-insurance division.
Chairman of the Board of Management
1971 – 1991
20 years
Schieren became chief executive of Allianz in 1971 and led its expansion outside Germany.
Allianz bought Cornhill Insurance in Britain, RAS in Italy and Fireman's Fund in the United States under him. Henning Schulte-Noelle succeeded him in 1991.
Allianz is exposed to insurance claims, natural catastrophes, claims inflation, financial-market and interest-rate movements, credit risk, regulation, cyber risk, and asset-management outflows. The Structured Alpha case also demonstrated the legal and control risks associated with complex investment products.
Oliver Bäte is Chairman of the Board of Management and CEO of Allianz SE.
His appointment took effect on May 7, 2015.
Michael Diekmann led Allianz from 2003 to 2015; Henning Schulte-Noelle preceded him.
Oliver Bäte has served as CEO since 2015, heavily pushing the massive legacy insurer toward digitalization and sustainability.
Compare executive leadership tenures and strategic transitions
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