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

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