Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
People Moves: HDI Global Canada Promotes Navarrete to Managing Director; AXA XL Appoints Kuklinski as Regional Mgr. for Northern Europe, Germany’s Country Mgr.
Jul 1 2024 // This edition of International People Moves details appointments at HDI Global and AXA XL. A summary of these new hires follows here. HDI Global Canada Promotes Navarrete to Managing Director Klaus Navarrete HDI Global...
German Insurtech Wefox to Replace CEO After Board Rejects Mubadala Sales Plan
Jun 27 2024 // Wefox Holding AG is replacing Chief Executive Officer Mark Hartigan after the German insurance tech startup’s board rejected a proposal by its largest stakeholder, Mubadala Investment Co., that he backed to sell the...
Southern Germany Floods to Cost Insurers $2.6 Billion-$3.9 Billion: Verisk
Jun 20 2024 // Estimated insured losses from flooding, which hit Southern Germany on May 15-June 5, will range from €2.4 billion (US$2.6 billion) to €3.6 billion (US$3.9 billion), according to Verisk, the data analytics and...
German Port Workers Strike Could Cost $6 Billion in Lost Trade: Russell Group Analysis
Jun 19 2024 // Port strikes at five key five German ports may cost $6 billion (£4.71 billion) in lost trade according to analysis by Russell Group, a data and analytics company. There is a 24-to-48-hour strike by port workers across the...
Insured Flood Losses in Germany Could Range From US$2.1B to US$3.2B: Moody’s RMS
Jun 14 2024 // Insured losses from floods that hit Central Europe between Thursday, May 30 and Monday, June 3 will likely fall within the range of €2 billion to €3 billion (US$2.1 billion to US$3.2 billion), according to...
Hilb Group Acquires German American for $40M
Jun 5 2024 // Hilb Group announced and closed the sale of the assets of the wholly-owned subsidiary German American Insurance (GAI) to Hilb Group in an all-cash transaction of $40 million. The sale creates a significant after-tax gain,...
Insurers Expect Major Loss Event From Floods in Southern Germany
Jun 4 2024 // Insurers are preparing for an above-average loss event as a result of floods in southern Germany. “The pictures from Bavaria and Baden-Württemberg foreshadow the worst. Our companies are already receiving many...
Scholz to Visit Southern German Region Battling Severe Flooding
Jun 3 2024 // Southern Germany continues to battle flooding from heavy rainfall that’s disrupted transportation and pushed emergency services to their limits. Chancellor Olaf Scholz, who plans to visit some of the affected regions...
Contamination Fears Stoked by Water Leak at German Nuclear Site
May 24 2024 // Water is leaking into an underground nuclear waste facility in Germany creating fears about toxic contamination of groundwater and highlighting the legacy that the shuttered nuclear industry has left behind. The operator...
AXA, Apollo’s Athora Scrap Life-Insurance Deal in Germany
May 3 2024 // Athora Holding Ltd., an insurance affiliate of Apollo Global Management Inc., and AXA SA have terminated a deal to transfer life insurance policies in Germany almost two years after announcing it. The deal was meant to...
Hungary’s Orban Comes Under Fire From German Investors Decrying Cronyism
May 1 2024 // German companies have long treated Hungary like their backyard. Carmakers Mercedes Benz AG and BMW AG and Volkswagen AG’s Audi continue to expand their footprint, driving the country’s exports, while weapons...
German Cannabis Legalization Uncertainty Is Spooking Investors
Mar 21 2024 // Investors in Germany’s cannabis sector are holding back and some startups risk running out of cash amid uncertainty over whether a partial legalization of the drug for recreational use will take effect as planned on...
Tesla Arson Case Shows Need to Protect Power Grid, Says German Utility Westenergie
Mar 12 2024 // German policymakers should team up with power grid operators to improve the response to incidents such as the arson attack near Tesla’s gigafactory, said the head of regional utility Westenergie. Security measures...
German Industry Sounds Alarm on Infrastructure Security After Tesla Attack
Mar 6 2024 // German industry called for better protection of critical infrastructure on Wednesday after a suspected arson attack by leftist activists on Tesla’s gigafactory outside Berlin halted production until further...
Germany Passes Law Legalizing Personal Use of Cannabis
Feb 26 2024 // German lawmakers approved a controversial bill legalizing personal use of cannabis, paving the way for controlled consumption of the drug from April 1. The legislation introduced by Chancellor Olaf Scholz’s...
Germany to Approve Cannabis Bill This Week in Legalization Drive
Feb 20 2024 // German lawmakers will approve delayed legislation decriminalizing personal use of cannabis this week, paving the way for it to take effect on April 1, according to Health Minister Karl Lauterbach. The law, set to pass the...
Cyberattack Hits German Battery Maker Varta, Halts Production
Feb 14 2024 // German battery maker Varta AG was hit by a cyberattack Monday night that halted production in five of its production facilities, the company said. The company’s information technology systems “and thus also...
German Court Rules Against Intel in Patent Row Over Chips
Feb 8 2024 // A court in Germany has issued an injunction against the sale of some of Intel’s chips, in a patent dispute between the U.S. tech giant and a U.S. rival that filed the complaint. The regional court in Dusseldorf ruled...
Germany Hit by Strikes as Workers Demand Better Pay and Conditions
Feb 6 2024 // Germany has been hit by a series of strikes since the start of 2024 as unions press for higher wages and improved working conditions to make up for high inflation and staff shortages in Europe’s largest economy. The...
Europe’s Toughest ESG Rule Hits Wall of German Objections
Feb 2 2024 // The European Union’s most stringent ESG rule to date may be scuppered due to eleventh-hour German opposition to the plan. The EU was on track to move forward with the Corporate Sustainability Due Diligence Directive...
