Allianz Group CFO Sees Insurer Collapse 'Very Unlikely'
April 20 2009 - 2:27PM
Dow Jones News
The Chief Financial Officer of Allianz Group, Helmut Perlet,
doesn't exclude the collapse of some insurers during the financial
crisis, but Monday he categorized such an event "very
unlikely."
When asked if the state should intervene in case an insurer
really faces a collapse, he said: "That should be answered with a
yes, when the collapse of an insurer would trigger a chain
reaction."
He emphasized, though, that fundamentally he didn't consider
this as a very probable scenario.
-By Andreas Kissler, Dow Jones Newswires +49 (0) 30 2888 4118
andreas.kissler@dowjones.com