Allianz SE Supervisory Board Extends Mandates for Barbara Karuth-Zelle and Christopher Townsend through 2028

The Supervisory Board of Allianz SE announced today that it has extended the mandates of Allianz SE Board Members Barbara Karuth-Zelle (54), Group Chief Operating Officer, and Christopher Townsend (55), responsible for Global Insurance Lines, Global Commercial Insurance, Reinsurance, Anglo Markets, Iberia & Latin America, Middle East and Africa. Their contracts will be extended until December 2028. Both joined the Allianz SE Board of Management in January 2021.

“The renewal of the mandates of Barbara Karuth-Zelle and Chris Townsend reflects the Supervisory Board’s confidence in the strength of the management team, and the importance of leadership continuity in a time of transformation,” said Michael Diekmann, Chairman of the Supervisory Board of Allianz SE.

“Barbara will continue to drive business productivity and resilience through technology, and Chris will continue to deliver profitable growth through our strategy to globalize the commercial segment. In their roles, they are realizing Allianz’s advantages of strength and scale for the benefit of our customers and shareholders,” said Oliver Bäte, Chairman of the Board of Management of Allianz SE.

Lauren Day
Allianz SE
Florian Amberg
Allianz SE

Last updated: September 23, 2026

The Allianz Group is one of the world’s leading insurers and asset managers, active in almost 70 countries and serving around 97 million private and corporate customers*. Our customers benefit from a broad range of personal and corporate insurance services, including property, life and health insurance, as well as assistance services, credit and global business insurance. Recognized for the seventh consecutive year as the number one global insurance brand in Interbrand’s Best Global Brands 2025 ranking, Allianz’s success is built on technology-enabled customer centricity – providing peace of mind, protection, and prevention for our customers and strengthening the resilience of individuals, communities, and societies. We are one of the world’s largest investors, managing around 791 billion euros** on behalf of our insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 2.2 trillion euros** of third-party assets. Thanks to our systematic integration of environmental and social criteria in our business processes and investment decisions, Allianz received an MSCI ESG Rating of AAA (as of March 2026). In 2025, our 156,000 dedicated employees achieved a total business volume of 186.9 billion euros and an operating profit of 17.4 billion euros for our shareholders.

* As of December 31, 2025. Customer count reflects Allianz customers in consolidated entities that are part of the customer reporting scope only.

** As of June 30, 2026.

As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

Allianz Trade announces CEO leadership change

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Allianz SE Simplifies Management Board Structure

To accelerate its strategy of simplicity at scale and to align the expertise of its safeguarding functions, Allianz SE today announced changes to its divisional setup, effective January 1, 2023.

Supervisory Board of Allianz SE newly elected

At the Annual General Meeting of Allianz SE today, a new Supervisory Board was elected as scheduled. Rashmy Chatterjee, Chairwoman of the Board of Management of ISTARI Global Ltd, London, was elected to the Supervisory Board for the first time. Sophie Boissard, Christine Bosse, Michael Diekmann, Dr. Friedrich Eichiner and Herbert Hainer were re-elected.