Flags of the German insurer Allianz SE waving. (AP Photo/Matthias Schrader)

(Bloomberg) — Allianz SE, Europe’s biggest insurer and asset manager, warned that stock-market turmoil may follow a recent rally.

“We see generally meager growth prospects, political dangers and risks of a stock market crash,” Oliver Baete, board member and designate chief executive officer, said in an interview with Germany’s Manager Magazin published on Thursday. Holger Ullrich, a spokesman for Allianz, confirmed the comments.

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