Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
German Cartel Office Levies Fines on 10 Insurers for Price Fixing
Mar 24 2005 // According to news reports, from the Associated Press, Reuters and other sources, Germany’s Cartel Office has levied fines totaling 130 million euros ($170 million) against 10 companies charged with having colluded to...
Washington Bill Asks Insurers to Consider Dogs’ Deeds, not their Breeds
Mar 18 2005 // The only problem Dee Robison has with her favorite Doberman pinscher, Darby, is that the 90-pound pooch gets a little jealous when she turns her attention toward the television. “He’ll just stand there with his...
Allianz Investigates Consequences of Climate Change
Mar 14 2005 // The Web site of Germany’s Allianz (http://www.allianz.com/) features an interview with two of the company’s climate experts, Matthias Klawa of Allianz Reinsurance and Olav Bogenrieder of Allianz Versicherung,...
Allianz to Raise $5.24 Billion with New Debt Offerings; Best Rates Issues ‘aa-‘
Jan 27 2005 // Allianz AG said it was taking “advantage of attractive capital market conditions to launch an innovative financing transaction. The German giant plans an “All-in-one” package, with the launch of three...
Allianz Providing ‘On the Ground’ Help for Tsunami Victims in Phuket
Jan 6 2005 // Germany’s Allianz announced that it has been providing “on the ground” support to customers in Phuket, Thailand, the popular tourist island which was hit by the tsunamis that devastated Southeast...
Zurich Board Chairman Van Wachem to Retire; Gentz Chosen as Successor
Dec 16 2004 // Zurich Financial Services announced that its Board of Directors will propose to the 2005 Annual General Meeting of shareholders on April 19 the election of Manfred Gentz (62) to the Board of Directors. When he has been...
FERMA Survey Finds Risk Managers Question Broker Compensation; More Transparency Needed
Dec 1 2004 // According to a recent e-mail survey, conducted by the Federation of European Risk Management Associations (FERMA), risk managers and their associations have long questioned how brokers are compensated. FERMA queried the...
TT Club Boosts Presence in North Europe Markets
Sep 30 2004 // The U.K.-based TT Club, a leading transport insurance mutual, announced that it is assigning more resources to expand its presence in the continental European market, particularly in Germany, Scandinavia and the Benelux...
Allianz to Disclose Individual Executives’ Salaries
Sep 17 2004 // Germany’s Allianz AG announced that its Board of Management has agreed by mutual consent with the Supervisory Board to provide individual disclosure of remuneration for the members of the Board of Management...
XL Names Klantschnig as Country Manager – Germany
Sep 14 2004 // XL Insurance Company Limited (XLICL), a unit of Bermuda’s XL Capital Ltd., announced the appointment of Dr. Gernot Klantschnig as Country Manager for its German Branch, effective March 1, 2005. “Dr. Klantschnig...
Guy Carpenter, EQECAT Announce Probabilistic German Flood Risk Model
Jun 14 2004 // Guy Carpenter and EQECAT announced their intention to jointly develop the “DACH Flood” software, which they described as “an accumulation tool that will allow users to assess their exposure to flood in...
S&P Assigns ‘A-‘ Rating to German Surety Insurer
May 6 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “A-” long-term counterparty credit and insurer financial strength ratings to Hanover-based surety insurer Deutsche...
Allianz 2003 Profits $1.96 Billion, Dresdner Loss Weighs
Mar 19 2004 // Germany’s Allianz AG bounced back strongly from last year ‘s losses to post net profits of 1.6 billion euros ($1.96 bllion) for 2003. Nevertheless the poor performance of the Group’s banking operations,...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Moody’s Sees “Positive Impact” from Proposed German Tax Reforms
Oct 31 2003 // Moody’s Investors Service has issued a bulletin stating that “Germany’s proposed decision to reform the taxation of German life & health insurers would have a significant and timely positive impact...
Allianz Sees Return to Profit after Asset Sale, Tax Changes
Oct 24 2003 // Germany’s Allianz said it expects to achieve “positive results” for its 2003 fiscal year, not only from improved profitability in its operations, but also following the sale of 40 percent of its stake in...
German Tax Law Change Would Benefit Insurers
Oct 14 2003 // The German government is poised to introduce legislation that would change tax laws applicable to the country’s insurers, resulting in a substantial reduction in the amount of taxes they must pay. Originally reported...
ERC Announces Appointments
Sep 26 2003 // Overland Park, Kan.-based GE’s Employers Reinsurance Corporation (ERC) announced several new appointments. David Bassi is the new global risk and underwriting leader for ERC’s P/C reinsurance unit; Cora...
Allianz German P/C Operations Post Premium Gains
Aug 20 2003 // Allianz Property and Casualty Group Germany, which combines the property and casualty insurance business of the German Allianz companies, achieved a positive underwriting result in the first half-year of 2003 as gross...
