Strategic Reshuffle: Allianz Names Markus von Freyberg as New CFO for Its Private Health Insurance Arm

In a significant move to streamline its financial leadership, the Allianz Group has announced key appointments within its German operations. Effective November 1, 2025, Markus von Freyberg will assume the role of Chief Financial Officer (CFO) at Allianz Private Krankenversicherungs-AG (APKV), the group's flagship private health insurance subsidiary in Germany. This appointment concludes an interim period and allows Dr. Klaus Berge to focus fully on his position as CFO of Allianz Versicherungs-AG, the group's major German property and casualty (P&C) insurance entity.

This reshuffle is part of a broader leadership realignment that began in late 2024, triggered by the departure of the former CEO of Allianz Leben. The subsequent appointments of Ruedi Kubat and later Laura Gersch to lead the life insurance business created a need to solidify the financial leadership structure across the group's core German brands.

Meet the New CFO: Markus von Freyberg's Profile

Markus von Freyberg is a seasoned Allianz insider with a strong financial and strategic background, particularly in the health insurance sector. His career path makes him exceptionally well-suited for this role:

• Mathematical & Financial Foundation: A mathematician by training, he joined Allianz in 2013, bringing analytical rigor to financial management.
• Deep APKV Knowledge: He previously led the Finance department at APKV from 2020 before moving to a controlling role in 2022, giving him intimate knowledge of the company's operations.
• International Strategic Experience: Most recently, he served as Head of Health Transformation at Allianz SE in Singapore, where he was responsible for strategically developing the health insurance business across the Asian market.
• Broad Group Perspective: He has also held leadership roles in Planning & Controlling at Allianz Automotive in Munich and gained experience at Allianz Partners.

"With Markus von Freyberg, a first-class manager with high financial expertise is taking over the CFO function at APKV. He knows APKV well through his many years of successful work in the finance department. He will complement the Board of Management very well," said Klaus-Peter Röhler, Member of the Board of Management of Allianz SE responsible for Germany.

Consolidating Leadership: Klaus Berge Focuses on P&C Insurance

The move allows Dr. Klaus Berge to dedicate his efforts to the P&C insurance business. Berge had been serving as CFO of APKV since 2020 and took on the additional interim CFO role at Allianz Versicherungs-AG earlier in 2025 following internal promotions.

"I am pleased that Klaus Berge is continuing his successful work as CFO of Allianz Versicherungs-AG. He is an excellent leader and a very experienced finance specialist. He has been using his outstanding skills effectively at Allianz Versicherungs-AG since the beginning of 2025," added Röhler.

This separation of duties brings clarity and focused leadership to two of Allianz's most critical business units in its home market.

Strategic Context in the German Health Insurance Market

This leadership stabilization comes at a crucial time for the German private health insurance (PKV) sector. APKV, as part of the Allianz Group, competes in a market with established players like Debeka and DKV. The sector faces ongoing challenges such as rising healthcare costs, regulatory changes, and the need for digital transformation to improve customer experience.

For US readers, the German PKV system can be loosely compared to the market for comprehensive private health insurance plans in the US, which exists alongside government programs like Medicare and Medicaid. Strong financial leadership is essential for navigating complex risk pools, pricing strategies, and investments in technology and innovation.

Appointing a CFO with von Freyberg's combination of local financial expertise and international strategic vision in health insurance signals Allianz's commitment to strengthening APKV's market position, financial resilience, and capacity for innovation in a competitive and evolving landscape.