"Even though we continue to be of the opinion that the insurance business in general and Allianz in particular does not represent a systemic risk, we acknowledge the decision of the FSB and will continue to support its efforts for more stable financial markets," said Dieter Wemmer, Chief Financial Officer of Allianz SE.
"Allianz enjoys a widely diversified, resilient business model, a very solid capital base and sustainable profitability. Therefore, we are well positioned to manage the new requirements this designation will lead to regardless of the specific form they take."
