Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Germany’s Munich Re and Allianz to Wind Down Business in Iran
Feb 19 2010 // Germany’s Munich Re and Allianz halted all remaining insurance business in Iran as their national representative body said it backed international moves toward tougher sanctions against Tehran. Against a backdrop of...
Melody to Head New Barney & Barney European Office in Germany
Feb 3 2010 // San Diego-based Barney & Barney LLC, one of the U.S.40 largest insurance brokerages, has announced the creation of a new international position it has established in Stuttgart, Germany. Client Executive Bevin Melody...
Ratings Recap: WUEBA (Chartis), Solid, West of England Club, Coface, InterGlobal
Dec 11 2009 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb” of German insurer Wuerttembergische und Badische Versicherungs-AG (WUEBA) and...
Armistice Day Commemorations in Europe Promise ‘Never Again’
Nov 11 2009 // The ceremonies commemorating the end of the First World War, 91 years ago today, took on a special significance this time. They are remarkably uniform throughout Europe. Each of the nations involved in that murderous...
Ratings Roundup: Harbor Point Re, Travelers (UK), Sovag
Nov 4 2009 // Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based reinsurer Harbor Point Re Ltd. and its U.S.-based subsidiary Harbor Point Reinsurance U.S. Inc. to stable from negative. S&P also...
German Research Institution Joins Willis Nat Cat Research Network
Oct 27 2009 // The Willis Research Network (WRN), part of Willis Group Holdings Limited, announced that a prestigious German institution has joined the WRN, thus enhancing its capabilities in Europe. The newest member is the Center for...
Best Affirms Allianz Global Corporate and Specialty ‘A+’ Ratings
Oct 27 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of Germany’s Allianz Global Corporate & Specialty AG (AGCS...
Ratings Recap: Accident & General, Inbursa, Swiss Re Frankona
Sep 29 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Accident & General Insurance Company Ltd. (AGI) of the Cayman...
Best Affirms HDI-Gerling Ratings; Revises Outlook to Stable
Sep 25 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of German insurer HDI-Gerling Industrie Versicherung AG. Best also...
U.S. Courts Rejects California Law on Insurance Claims for Armenians
Aug 24 2009 // A federal appeals court invalidated a California law Thursday that allowed heirs of Armenians killed in the Turkish Ottoman Empire nearly a century ago to seek payment on the life insurance policies of dead relatives. The...
Argo Appoints 3 Executives
Jul 13 2009 // The Bermuda-based Argo Group International Holdings, Ltd. Has announced three executive appointments: — Kevin D. Silva as senior vice president of human resources, — Bernhard H. Scheifele as chief risk officer,...
Florida, German Insurance Regulators Sign Cooperation Pact
Jun 22 2009 // Florida Insurance Commissioner Kevin McCarty announced that the Office of Insurance Regulation and the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) have agreed to work together on sharing and...
Steiff Worker Files $80M Sexual Harassment Suit
Jun 10 2009 // A marketing executive for the German toy maker Steiff filed an $80 million lawsuit Monday accusing the company’s CEO of raping her in a car during a yearslong campaign of unwelcome advances. Jane Collins’...
Guy Carp Report Details EU Developments Affecting Insurance
Jun 9 2009 // Guy Carpenter & Company has published the latest installment in its series of updates on key legislative and legal developments impacting insurers and reinsurers in Continental Europe. The briefing addresses the...
France, Germany Urge More Flexible Climate Pact
May 26 2009 // France and Germany suggested on Monday that rich nations should collectively guarantee deep cuts in greenhouse gases by 2020 while giving flexibility to laggards such as the United States to catch up later. France said the...
Pahl to Head Willis’ German Operation
May 4 2009 // Willis Group Holdings has announced the appointment of Mathias Pahl as CEO of its German operation. He will be based in Frankfurt and will report to Adam Garrard, CEO, Willis Continental Europe. Pahl succeeds Ralf Geck who...
Somali Pirates Strike Again; Hijack British, Taiwan Vessels
Apr 7 2009 // Pirates seized a British-owned ship and a Taiwan-registered fishing boat after taking three vessels last weekend, officials said on Tuesday, marking a jump in the number of hijackings in the waters off Somalia this...
Somali Pirates Seize German Container Ship
Apr 6 2009 // Somali pirates have seized a 20,000-tonne German container vessel in their latest attack on the Indian Ocean’s busy commercial shipping lanes, a regional maritime group said Sunday. Heavily armed gangs from the...
G20 Seals $1.1 Trillion Deal
Apr 3 2009 // World leaders clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again. U.S. President Barack Obama...
XL Insurance Launches Solutions for German Upper Middle Market
Mar 25 2009 // XL Insurance, the global insurance operations of XL Capital Ltd., announced that it will offer insurance solutions to Upper Middle Market companies in Germany with an annual turnover ranging from approximately €30...
