Allianz's Booth: Co Is Well Capitalized, No Need For Cap Hike
21 January 2009 - 1:53AM
Dow Jones News
Allianz SE (AZ), Europe's largest insurer by gross premiums, is
well capitalized and doesn't need to boost its capital, management
board member Clement Booth said Tuesday.
"We're one of the best capitalized insurers in Europe. We don't
see a need to raise extra capital," Booth told reporters at a
roundtable meeting in London. He added that Allianz keeps a strong
150% solvency margin.
Booth, is the board member responsible for Allianz's Anglo
broker markets, NAFTA markets and global lines.
Company Web site: www.allianz.com
-By Vladimir Guevarra, Dow Jones Newswires; +49 69 29725 500;
vladimir.guevarra@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front
page of today's most important business and market news, analysis
and commentary. You can use this link on the day this article is
published and the following day.