The resignation had been widely expected, as Allianz itself is about to change leaders.
All three main parties went into the general election having changed leaders since 2005.
In 1961, the band again changed leaders with Frank J. Cipolla at the helm.
Today's big two have kept the same names for 19 years, and the right-of-centre one has unprecedentedly changed leaders without breaking up.
Above all, they provided a public spectacle by contradicting each other, changing leaders, forcing some members to resign and expelling two deputies.
"At a time of war, you have to stay the course and you certainly shouldn't change leaders."
With Parliament no longer in session and the general election looming ahead, it simply no longer made political sense to change leaders.
Since 2000 alone, the Olympic committee has had three presidents and four chief executives, changing leaders the way athletes change socks.
He said he was not surprised that all seven big airlines had changed leaders in such a short period.
The Opposition Liberal Party had changed leaders four times since the eve of the 1978 election.