(dpa) - Michael Diekmann, new CEO of the Allianz AG, the financial services and insurance provider, looks serious with folded arms during a press conference in Munich, Germany, 20 March 2003. Diekmann continues the company policy of providing integrated financial services by holding on to the lossy Dresdner Bank. The Allianz AG wants to raise new capital in billions of Euro after h
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dpa picture alliance / Alamy Stock PhotoImage ID:
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1549 x 1864 px | 26.2 x 31.6 cm | 10.3 x 12.4 inches | 150dpiDate taken:
20 March 2003Photographer:
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(dpa) - Michael Diekmann, new CEO of the Allianz AG, the financial services and insurance provider, looks serious with folded arms during a press conference in Munich, Germany, 20 March 2003. Diekmann continues the company policy of providing integrated financial services by holding on to the lossy Dresdner Bank. The Allianz AG wants to raise new capital in billions of Euro after having experienced the first financial losses in its postwar history. The company plans an increase of capital stock and the floatation of bonds. Last year the company experienced a loss of 1, 2 billion Euro due to the financial crisis at the Dresdner Bank, the downswing on the stock market and the floods in Germany. The year before that, Allianz AG was able to recover a profit of 1, 6 billion Euro.