It wasn't immediately clear which targets Booth was referring to - whether they are group-wide targets, or referring to a specific region or business unit.
Allianz spokespeople weren't immediately available to comment.
"I believe that to keep to our 2011 targets, we don't need to buy anything (other companies)...we want to grow organically," Booth told a reporters roundtable in London. "I don't even know what 'cheap' is now in today's kind of market. We'll focus on organic growth and customer service," he added.
Booth is the board member responsible for Allianz's Anglo broker markets, NAFTA markets and global lines.