Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
BHSI Opens German Office, Fills Key Roles in Northern Europe
Jun 16 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) in coordination with its affiliate Berkshire Hathaway International Insurance Limited (BHIIL), announced it has opened an office in Düsseldorf, Germany, and filled key...
Brexit Would Threaten UK’s Access to EU via Single Passport: Officials
Jun 15 2016 // Britain’s partners are stepping up warnings that if it votes next week to leave the European Union, banks and financial firms based in London could lose their money-spinning EU “passports.” The City of...
Insurers Provide Cover for German Banks Stashing Billions of Euros
Jun 14 2016 // Europe’s top insurers are selling protection to German banks that hoard billions of euros of cash in vaults to avoid paying a penalty by parking it at the European Central Bank, company executives told Reuters. The...
Tornado Hits Hamburg – Latest in Europe’s Destructive Summer Storms
Jun 8 2016 // A tornado tore through the northeast of Hamburg on Tuesday evening, blowing off the roofs of several buildings, uprooting dozens of trees and damaging cars and a power line as storms that have raged across Europe this...
Update: German Flood Claims Estimated at $1.1B, Says Fitch Ratings
Jun 7 2016 // Insurers will face higher-than-expected claims related to floods in Germany, according to Fitch Ratings, dealing another blow to an industry squeezed by low interest rates and decreasing prices for policies. Claims linked...
Update: Flash Floods Hit SE Germany, Killing at Least 8; AIR Worldwide Comments
Jun 2 2016 // Torrential rain, thunderstorms and flash floods that have inundated towns in southeastern Germany in recent days took the death toll to at least eight as forecasters warned of continuing severe weather spreading northward...
Munich Re to Spend $1.1B by 2020 to Restructure Primary Insurance Unit
Jun 1 2016 // Munich Re, the world’s second-biggest reinsurer, plans to spend 1 billion euros ($1.1 billion) by 2020 restructuring operations at its loss-making primary insurance unit in Germany. The plan for ERGO’s German...
Dog Bites Insurer
May 16 2016 // This week is National Dog Bite Prevention Week (certainly a noble cause). To celebrate this “occasion,” the Insurance Information Institute (I.I.I.) published the most recently available dog-bite...
Zurich Restructure on Track, but Organization Still too Complex: CEO Greco
May 16 2016 // While Zurich Insurance Group’s new chief executive officer believes the insurer is on the right track in terms of growth and profit, the organizational structure remains too complicated, he suggested during an...
VW Reported Close to $10 Billion Deal with U.S. for Diesel Fraud
Apr 21 2016 // Volkswagen AG has agreed to set aside at least $10 billion to resolve civil claims by the U.S. government and lawsuits by American car owners over diesel vehicles rigged to cheat pollution controls, a person with direct...
BMW Wants on Uber Train with Car-sharing in Washington
Apr 11 2016 // Germany’s BMW has launched a car-sharing service in Seattle, Wash. where it will offer customers the use of 370 BMW and Mini vehicles, before expanding to other cities in the United States. Established carmakers...
Vollert Appointed CEO of AXA Germany, Joining from Allianz in September
Apr 8 2016 // AXA announced the appointment of Alexander Vollert as chief executive officer of AXA Germany. In addition, he will be appointed to AXA Group’s executive committee. This appointment will be effective as of Sept. 16,...
Fintech Revolution May Threaten 250,000 Jobs as Europe Insurers Seek Cost Cuts
Apr 7 2016 // The rush is on to replace people with software in Europe’s insurance industry as cost cutting and automation become increasingly crucial to bolstering earnings. Zurich Insurance Group AG is accelerating its cost...
Legacy Specialist Compre Arranges Deals with QBE and German Mutual
Mar 30 2016 // Compre, the London-based insurance and reinsurance legacy specialist, announced the signing of an agreement to acquire QBE’s share of the Ridgwell Fox & Partners’ (RFP) pool legacy reinsurance business. The...
British SME Owners Develop Contingency Plans for Potential ‘Brexit’
Mar 29 2016 // Above a factory floor of machines carving metal to within a millionth of a meter, Stephen Cheetham is preparing his company for the unknown: a British exit from the European Union. Since the government announced a...
Tech Firms Warn of Growing Cyber Risks: From Medical Devices to Sex Toys
Mar 17 2016 // It’s not just computers and mobile phones that are vulnerable to cyber attack, according to software firm Trend Micro. As more devices are hooked up to the internet, it could be anything from medical equipment to...
278 Volkswagen Institutional Investors File €3.3 Billion Suit in Germany
Mar 15 2016 // Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in the emissions scandal, the law firm representing them...
XL Catlin Expands Crisis Management Product Suite in UK, Asia Pacific, Germany
Mar 10 2016 // XL Catlin has introduced “Active Assailant” coverage to its crisis management product suite to respond to the threat of physical attack faced by businesses and public service providers. “Active Assailant...
Allianz Plans to Sue VW over Share Drop Caused by Emissions Scandal: Source
Mar 9 2016 // German insurer Allianz plans to sue Volkswagen over the sharp drop in its shares as a result of the carmaker’s diesel emissions scandal, a source familiar with the situation told Reuters. If successful, the lawsuit...
Former VW CEO Was Alerted to Problems with US Diesel Emissions Tests in 2014
Mar 3 2016 // Volkswagen’s former chief executive officer was alerted to problems with U.S. diesel emissions tests in 2014, but the issue “did not initially receive particular attention at the management levels,” the...
