The chair of Allianz’s board, Michael Diekmann, has stepped down following the company’s annual general meeting.
Oliver Bäte succeeds Diekmann as chairman. Bäte hands over the responsibility for global property and casualty to Axel Theis, a member of the board.
Bäte joined Allianz as member of the board in 2008 as chief operating officer. He assumed the position of chief financial officer in 2009 before being becoming responsible for the insurance business in Western and Southern Europe in 2013.