Allianz SE CEO Michael Diekmann gestures before the group's balance press conference in Munich, Germany, 21 February 2008. Europe's biggest insurer Allianz prefers to be cautious for the coming financial year despite booking a record profit in the past year with its economic turmoils on the financial markets. Having to absorb billions of charges in the course of crisis-hit US housi
RMD4CTRCAllianz SE CEO Michael Diekmann gestures before the group's balance press conference in Munich, Germany, 21 February 2008. Europe's biggest insurer Allianz prefers to be cautious for the coming financial year despite booking a record profit in the past year with its economic turmoils on the financial markets. Having to absorb billions of charges in the course of crisis-hit US housi
Allianz SE CEO Michael Diekmann pictured during the group's balance press conference in Munich, Germany, 21 February 2008. Europe's biggest insurer Allianz prefers to be cautious for the coming financial year despite booking a record profit in the past year with its economic turmoils on the financial markets. Having to absorb billions of charges in the course of crisis-hit US housi
RMD4CTRPAllianz SE CEO Michael Diekmann pictured during the group's balance press conference in Munich, Germany, 21 February 2008. Europe's biggest insurer Allianz prefers to be cautious for the coming financial year despite booking a record profit in the past year with its economic turmoils on the financial markets. Having to absorb billions of charges in the course of crisis-hit US housi
Michael Diekmann, CEO of Europe's biggest insurer Allianz SE, arrives for the company's annual news conference in Munich, February 26, 2009.  REUTERS/Alexandra Beier (GERMANY)
RM2D2PM6NMichael Diekmann, CEO of Europe's biggest insurer Allianz SE, arrives for the company's annual news conference in Munich, February 26, 2009. REUTERS/Alexandra Beier (GERMANY)
Allianz SE CEO Michael Diekmann arrives for the group's balance press conference in Munich, Germany, 21 February 2008. Europe's biggest insurer Allianz prefers to be cautious for the coming financial year despite booking a record profit in the past year with its economic turmoils on the financial markets. Having to absorb billions of charges in the course of crisis-hit US housing m
RMD4CTRBAllianz SE CEO Michael Diekmann arrives for the group's balance press conference in Munich, Germany, 21 February 2008. Europe's biggest insurer Allianz prefers to be cautious for the coming financial year despite booking a record profit in the past year with its economic turmoils on the financial markets. Having to absorb billions of charges in the course of crisis-hit US housing m
Michael Diekmann, CEO of Europe's biggest insurer Allianz SE, addresses journalists during the company's annual news conference in Munich, February 26, 2009.  REUTERS/Alexandra Beier (GERMANY)
RM2D1TRHTMichael Diekmann, CEO of Europe's biggest insurer Allianz SE, addresses journalists during the company's annual news conference in Munich, February 26, 2009. REUTERS/Alexandra Beier (GERMANY)
Allianz SE CEO Michael Diekmann pictured during the group's balance press conference in Munich, Germany, 21 February 2008. Europe's biggest insurer Allianz prefers to be cautious for the coming financial year despite booking a record profit in the past year with its economic turmoils on the financial markets. Having to absorb billions of charges in the course of crisis-hit US housi
RMD4CTRDAllianz SE CEO Michael Diekmann pictured during the group's balance press conference in Munich, Germany, 21 February 2008. Europe's biggest insurer Allianz prefers to be cautious for the coming financial year despite booking a record profit in the past year with its economic turmoils on the financial markets. Having to absorb billions of charges in the course of crisis-hit US housi
Michael Diekmann, CEO of Europe's biggest insurer Allianz SE, looks down during the company's annual news conference in Munich, February 26, 2009.   REUTERS/Alexandra Beier (GERMANY)
RM2E74RWKMichael Diekmann, CEO of Europe's biggest insurer Allianz SE, looks down during the company's annual news conference in Munich, February 26, 2009. REUTERS/Alexandra Beier (GERMANY)
Allianz SE CEO Michael Diekmann smiles before the group's balance press conference in Munich, Germany, 21 February 2008. Europe's biggest insurer Allianz prefers to be cautious for the coming financial year despite booking a record profit in the past year with its economic turmoils on the financial markets. Having to absorb billions of charges in the course of crisis-hit US housing
RMD4CTREAllianz SE CEO Michael Diekmann smiles before the group's balance press conference in Munich, Germany, 21 February 2008. Europe's biggest insurer Allianz prefers to be cautious for the coming financial year despite booking a record profit in the past year with its economic turmoils on the financial markets. Having to absorb billions of charges in the course of crisis-hit US housing
Michael Diekmann, CEO of Europe's biggest insurer Allianz SE, addresses journalists during the company's annual news conference in Munich, February 26, 2009.  REUTERS/Alexandra Beier (GERMANY)
RM2E7YH41Michael Diekmann, CEO of Europe's biggest insurer Allianz SE, addresses journalists during the company's annual news conference in Munich, February 26, 2009. REUTERS/Alexandra Beier (GERMANY)
CEO of Europe's biggest insurer Allianz SE Michael Diekmann (C), Controlling Chief Helmut Perlet (L) and CFO Paul Achleitner (R) arrive for the company's annual news conference in Munich, February 26, 2009.  REUTERS/Alexandra Beier (GERMANY)
RM2D19H7CCEO of Europe's biggest insurer Allianz SE Michael Diekmann (C), Controlling Chief Helmut Perlet (L) and CFO Paul Achleitner (R) arrive for the company's annual news conference in Munich, February 26, 2009. REUTERS/Alexandra Beier (GERMANY)
Michael Diekmann, CEO of Europe's biggest insurer Allianz, arrives for the company's annual news conference in Munich February 25, 2010. Allianz on Thursday forecast a stagnating year ahead, mired in low economic growth and high unemployment.   REUTERS/Michaela Rehle (GERMANY - Tags: BUSINESS)
RM2D1NATHMichael Diekmann, CEO of Europe's biggest insurer Allianz, arrives for the company's annual news conference in Munich February 25, 2010. Allianz on Thursday forecast a stagnating year ahead, mired in low economic growth and high unemployment. REUTERS/Michaela Rehle (GERMANY - Tags: BUSINESS)
Michael Diekmann, CEO of Europe's biggest insurer Allianz, arrives for the company's annual news conference in Munich February 25, 2010. Allianz on Thursday forecast a stagnating year ahead, mired in low economic growth and high unemployment.   REUTERS/Michaela Rehle (GERMANY - Tags: BUSINESS)
RM2E7AP0KMichael Diekmann, CEO of Europe's biggest insurer Allianz, arrives for the company's annual news conference in Munich February 25, 2010. Allianz on Thursday forecast a stagnating year ahead, mired in low economic growth and high unemployment. REUTERS/Michaela Rehle (GERMANY - Tags: BUSINESS)