TOP 100 | LEADERS

Title: Chief Executive Officer Company: Allianz Industry: Insurance

Consultants who become operators are supposed to disappoint; Oliver Bäte forgot to. The former McKinsey partner has run Allianz since 2016, turning Europe’ s insurance giant into a machine of record profits and standardised operations across dozens of markets. His Allianz owns PIMCO, serves over 100 million customers and throws off capital with a reliability that makes it the continent’ s default defensive holding. He survived the American structured-funds scandal, took the pain publicly and tightened the controls. Insurance, done properly, is Europe’ s most powerful business, and he keeps proving it. businesschief. com 65