Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Economic Costs of European Weather Events in June Top $2B: Aon Report
Jul 11 2019 // Severe European storms during June had an economic price tag of US$2 billion, while insurers anticipated claims topping $1.5 billion, according to the latest edition of Aon’s monthly Global Catastrophe Recap...
BHSI Opens Office in Germany, Names QBE’s Krause as Country Manager
Jul 11 2019 // Berkshire Hathaway Specialty Insurance (BHSI) has appointed Andreas Krause as country manager for Germany and established a new office in Cologne. With an existing office in Munich, BHSI said it underwrites property,...
Bayer Shareholders React Positively About Plan to Resolve Glyphosate Lawsuits
Jun 28 2019 // Bayer shares jumped on Thursday after it revealed plans aimed at resolving multi-billion dollar lawsuits linked to glyphosate, a move welcomed by activist shareholder Elliott, which has taken a sizable stake in the...
Blast of Hot Air from Sahara Triggers Record Heatwave Across Europe
Jun 28 2019 // Europeans fought to stay cool as a blast of hot air from the Sahara desert sent temperatures to records in large parts of the continent and whipped up concern about climate change. Germany imposed speed restrictions on...
Sweltering Heatwave in Germany Sparks Wildfires, Forces Speed Cut on Autobahn
Jun 27 2019 // A blistering heatwave prompted Germany to impose speed restrictions on usually limit-free stretches of its high-speed motorways Wednesday, the latest sign of extreme weather events ruffling Europe’s largest...
Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture
Jun 25 2019 // Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer’s assets under management in the...
Lemonade’s European Expansion Begins in Germany
Jun 12 2019 // Lemonade is making good on its promise to expand into Europe, with news that it is now open for business in Germany. The New York-based startup said it has started offering contents and liability insurance in Germany,...
Sompo International Taps Pützer from Amlin as Head of Financial Lines in Germany
May 21 2019 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced that Udo Pützer has joined the company’s European insurance platform as head of Financial Lines...
Insurers Face Higher Claims from Severe Convective Storms in Germany
May 16 2019 // Swimmers at the Lusshardtsee lake about 60 miles south of Frankfurt in Germany thought they’d found respite from the blazing sun one Sunday afternoon last summer. Unknown to them, however, sweltering ground...
VW’s Porsche Unit to Pay $599M to End German Probe into Rigged Diesel Engines
May 8 2019 // Volkswagen AG’s Porsche sportscar unit agreed to pay 535 million euros ($599 million) to end a probe into rigged diesel engines, bringing the total amount of fines in its home country to more than 2.3 billion...
Notre Dame Fire Should Be Wake-Up Call for State of Other European Monuments
Apr 23 2019 // It’s a thin line where the patina of age on Europe’s countless monuments gives way to the onset of neglect. Like with so many loved ones, all is assumed to be fine, until suddenly it’s not. In the wake of...
Europe’s Storm Dragi-Eberhard Costs Insurers Estimated €740M ($831.8M): PERILS
Apr 22 2019 // The initial insured property losses for extratropical cyclone “Dragi-Eberhard,” which hit the British Isles, and Western and Central Europe on March 9-10, 2019, are estimated at €740 million ($831.8 million),...
Rhine River Could Be Impassable to Ships this Summer if European Drought Returns
Apr 12 2019 // Germany’s Rhine River could be impassable to ships again this summer if Europe has another drought, a once-rare weather phenomenon that’s becoming more likely with an increase in the temperature. That’s...
Bayer Detects and Covertly Monitors Cyber Attack – Before It Removes Threat
Apr 4 2019 // German drugmaker Bayer has contained a cyber attack it believes was hatched in China, the company said, highlighting the risk of data theft and disruption faced by big business. Bayer found the infectious software on its...
Allianz Explores Deal with Deutsche Bank’s Asset Management Arm: Sources
Mar 18 2019 // Allianz SE is exploring the possibility of a combination of its asset management arm with Deutsche Bank AG’s DWS Group to create a national champion in active money management, according to people familiar with the...
SEC Sues VW, Ex-CEO over Diesel Emissions Scandal, Alleging Massive Investor Fraud
Mar 15 2019 // The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker’s diesel emissions scandal, alleging a “massive fraud”...
AGCS Names Mauthe Regional CEO for Germany, Central & Eastern Europe
Mar 1 2019 // Allianz Global Corporate & Specialty SE (AGCS), the industrial insurance unit of Allianz Group, has appointed Hans-Joerg Mauthe as regional CEO for Central & Eastern Europe (CEE). Based in Munich, he will be...
VW Wins Diesel Emissions Case in Germany Brought by Customer Who Plans Appeal
Feb 19 2019 // A German court on Tuesday ruled in favor of Volkswagen in a case brought by a customer seeking compensation for having bought a diesel car affected by emissions cheating, but the plaintiff’s lawyer plans to appeal. A...
Support Grows for Delaying UK’s Exit from EU, as Brexit Deadline Looms
Jan 24 2019 // The risk of a no-deal Brexit appears to be receding after calls for a delay to the U.K.’s exit from the European Union won powerful backing in London and other EU capitals. The pound rose. Senior figures in the...
Climate Change, Shrinking Glaciers Threaten Rhine River Shipping Access
Jan 18 2019 // Kevin Kilps’s car ferry churns the waters of Germany’s Rhine river as he steers toward the bank opposite Kaub, a scenic village just south of the rocky outcropping named after the legendary siren...
