Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Best Affirms Allianz SE and Subsidiaries ‘A+’ Ratings
Mar 12 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 Societas Europaea (Allianz SE) and its main...
Alabama Judge Upholds Chemist’s $192 Million Award in Patent Theft Case
Jan 26 2009 // Global chemical giant Ineos Phenol, stung by a $192 million jury verdict, has denied stealing a hazardous waste recycling idea from a Mobile chemist and said it would appeal a judge’s order upholding the...
EU Edges Closer to Climate Change, Stimulus Deals
Dec 12 2008 // European leaders moved towards agreement on Friday on a multi-billion dollar plan to tackle the global recession and a climate change plan amended to limit impact on struggling industries. Green groups warned that the...
Lloyd’s Names Eutebach Market Relations Manager – Germany, Austria
Dec 3 2008 // Lloyd’s has announced the appointment of Volker Eutebach as its first Market Relations Manager for Germany and Austria. He joined Lloyd’s on December 1st, and will be based in Frankfurt, working closely with...
German President Wants International Financial Market Watchdog
Nov 21 2008 // The world needs a supervisory body for financial markets to which end the International Monetary Fund (IMF) must become more independent, German President and former IMF chief Horst Koehler said on Friday. “I urge us...
AEGON’s Bid for TARP Cash Doomed
Nov 21 2008 // A Dutch insurer’s experimental bid to tap the U.S. government for bailout cash looks doomed to failure, closing off an avenue for other insurers. Aegon NV said this week it was mulling buying a small U.S. bank to...
Le Pere Sybille – a Memory of the Great War
Nov 11 2008 // For the first time in 90 years no surviving French soldier from the First World War participated in today’s memorial services. The last “Poilus,” as soldiers who fought in the war are known in France,...
Financial Crisis Dominates European Risk Manager Debates, Conference
Oct 20 2008 // One of Pat Oliphant’s more recent editorial cartoons shows presidential candidate John McCain held in the trunk of an enraged elephant labeled “The Economy.” “My friends,” says McCain to a...
Unlike Banks, German Insurers Unlikely to Need Government Cash
Oct 16 2008 // German insurers said on Wednesday they don’t intend to use Berlin’s 500 billion euro ($683 billion) rescue fund, while public-sector banking officials traded barbs over who might be first to ask for...
Fitch: Insurers Face Mounting Pressure on Ratings Worldwide
Oct 16 2008 // Balance sheet pressures for insurance and reinsurance companies globally have become more severe as insurers experience greater unrealized market value losses, and take impairments, on their investment portfolios, says...
Europe Strives to Combat Financial Crisis in Unison
Oct 7 2008 // European governments struggled on Monday to shelter banks and bank depositors from a global financial crisis that is eroding confidence, endangering the economy and challenging their ability to respond as one. Germany...
New York Giants, Jets Cancel Stadium Naming Talks with Allianz
Sep 16 2008 // The New York Giants and Jets have canceled negotiations on stadium naming rights with a German insurance company that once had ties to the Nazis. Allianz had been seeking a deal to put its name on the stadium being built...
Allianz Sells Dresdner to Commerzbank for $14.23 Billion
Sep 2 2008 // After weeks of speculation, Germany’s Allianz SE has announced the sale of its Dresdner Bank unit, the country’s third largest, to Commerzbank for €9.8 billion ($14.2289 billion). Allianz also said it has...
Ratings Recap: Allianz (UK), Generali (France), Generali (Germany), BEST Re
Aug 21 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa” of UK-based Allianz Insurance plc (AZI) with a stable outlook. Best stated:...
Zurich Acquires German Insurer
Jul 31 2008 // The Zurich Financial Services Group announced that its subsidiary, Zürich Beteiligungs-AG (Deutschland), has agreed to acquire 100 percent of the private accident insurer Baden-Badener Versicherung AG. Zurich said the...
Workers’ Compensation History: The Great Tradeoff!
Jul 29 2008 // Eighteenth century pirates and a nineteenth century German “Iron” Chancellor preceded the United States in the creation of a social system for the protection of injured workers. The modern workers’...
World Trade Talks Stall as Troubles Grow
Jul 29 2008 // Progress towards a global trade deal ground to a halt on Monday as the United States clashed with China and India over access to their rapidly growing markets and key European Union states demanded better...
Spain’s Santander Eyes Dresdner Bank – Sources
Jun 20 2008 // Spanish retail bank Santander is considering buying Dresdner Bank in the latest twist of Germany’s bank merger frenzy, according to people with direct knowledge of the matter. The German banking industry is the...
New York and German Regulators Sign Insurance Pact
Jun 13 2008 // Insurance officials in New York and Germany have inked a deal to work together and more closely share regulatory information. The agreement is the basis for a memorandum of understanding signed yesterday by New York...
New Round of Climate Talks Opens in Germany with Uphill Battle
Jun 3 2008 // Some 2,000 delegates from 162 countries and dozens of specialist agencies opened a two-week conference Monday to start tackling the details of a new global warming agreement slated to take effect after 2012. The meeting...
