Changes to the Allianz SE Board of Management

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Allianz SE announces that Jacqueline Hunt wishes to step back from her day-to-day responsibilities as Member of the Board of Management and has been appointed a strategic consultant to Oliver Bäte, Group Chief Executive. 

Andreas Wimmer, currently the chief executive officer of Allianz Lebensversicherungs-AG (“Allianz Leben”), has been appointed as Member of the Board of Management to succeed Ms. Hunt as head of the asset management division and Allianz Life in the U.S., to allow a seamless transition and Allianz to have her responsibilities led by a Board Member with a long-term perspective toward the future. 

Ms. Hunt has been responsible for Allianz’s asset management and U.S. life businesses since she joined the group in July 2016.  The changes become effective October 1, 2021.

Oliver Bäte said: “Jackie had signalled her openness for a change some time ago. She has been an excellent member of the Board of Management and we are particularly proud of the outstanding performance of PIMCO during her tenure as well as the success of Allianz Global Investors and of our U.S. life business. Jackie’s contribution went beyond her divisional responsibilities, and I look forward to continue to work closely with her over the next year as I greatly value her strategic advice.”

Jacqueline Hunt said: “I was proud to be just the second woman on the Management Board of Allianz SE when I joined in 2016. I leave a more diversified and resilient division with record assets under management, at more than €2.5 trillion, and a track record of outstanding performance.  I salute my colleagues who continue to work so hard for their clients. When I leave Allianz next year, excited about my next chapter, it will be with considerable pride in what we have achieved. I will always have fond memories of my time at Allianz.”

Michael Diekmann, Chairman of the Supervisory Board of Allianz SE, said: “I want to thank Jackie Hunt for her service to Allianz Group over the last five years.”

The Allianz Group is one of the world's leading insurers and asset managers with more than 122 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 706 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.7 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2022, over 159,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group***.
* Including non-consolidated entities with Allianz customers.
** As of September 30, 2023.
*** As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.

Press contacts

Lauren Day
Allianz SE
Holger Klotz
Allianz SE
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Further information

Allianz plans new appointments to the Supervisory Board

Proposals by the Supervisory Board: Jörg Schneider to succeed Herbert Hainer, Stephanie Bruce to replace Christine Bosse. • Annual General Meeting in May 2024 will vote on the new composition of the Supervisory Board.

Leadership change at Allianz Global Corporate & Specialty SE and Allianz Commercial

Petros Papanikolaou will succeed Joachim Müller as CEO of Allianz Global Corporate & Specialty SE with effect from January 1, 2024, with additional responsibility for leading Allianz Commercial globally.  

Allianz SE Announces Updates to its Board of Management

Oliver Bäte’s mandate as Chairman of the Board of Management of Allianz SE has been renewed through the Annual Shareholders Meeting 2028. / The mandate of Andreas Wimmer has been renewed through September 30, 2029. / Claire-Marie Coste-Lepoutre has been appointed as Member of the Board of Management and Chief Financial Officer effective January 1, 2024. / Giulio Terzariol to be granted a release from his mandate as of December 31, 2023 so that he may pursue a career opportunity outside of Allianz.