Michael Diekmann, the new CEO of Allianz doesn’t need much sleep. At least that’s what launching a rights issue on the day Britain and the UK start their war on Iraq suggests. Either that, or Allianz is so desperate for cash that it simply couldn’t wait. “The fact that it has come now when the markets are so depressed indicates that there’s a degree of urgency,” says Matthew Leeman, a fund manager at SG Asset Management.
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