Reinsurance News

Allianz board member Axel Theis to retire, successor named

24th February 2020 - Author: Charlie Wood

Axel Theis, Allianz SE’s member of the board responsible for insurance in German speaking countries and Central and Eastern Europe is set to retire on March 1 after 33 years with the company.

allianz-flagsKlaus-Peter Röhler, currently chairman of the board of management of Allianz Deutschland AG and Allianz Versicherungs-AG, has been named Theis’ successor.

Röhler, who’s new role is effective April 1, will retain his role at Allianz Deutschland AG.

Frank Sommerfeld will replace him in his position as chairman of the board of management at Allianz Versicherungs-AG.

“Klaus-Peter Röhler has been leading Allianz Deutschland to profitable growth since 2018 and will continue to develop it sustainably in his new responsibility,” Oliver Bäte, Chairman of the Board of Management of Allianz SE.

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“I thank Axel Theis for his decades of successful work, and I would like to pay special tribute to his expertise and foresight on the Board of Allianz SE over the last six years. I wish him all the very best in his personal life and entrepreneurial ventures.”

Michael Diekmann, Chairman of the Supervisory Board of Allianz SE, added, “With Axel
Theis, a highly respected Allianzer who has visibly shaped our company is retiring.

“For three decades Axel Theis was a driving force for the continuous development of our property and casualty segment worldwide. With Klaus-Peter Röhler, he is succeeded by a very
experienced insurance manager who has achieved lasting successes as CEO of several
units.”

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