Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
German Insurtech ELEMENT Raises $19.5M to Continue Growth
Jun 7 2021 // ELEMENT, the Berlin-based white-label provider of digital insurance solutions, has raised €16 million (US$19.5 million), in additional investment from existing and new investors. The additional capital will be used to...
German Insurtech Wefox Raises $650M in Funding, Valuing Firm at $3B
Jun 1 2021 // BERLIN – Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called insurtech company that valued the business at $3 billion. The...
Aon to Sell Pensions Business in Germany, in Another Step to Get EU Nod for WTW Deal
May 17 2021 // Aon plc announced it has signed a definitive agreement to sell its pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany to Lane Clark & Peacock LLP...
German Vaccine Maker Says Waivers for Vaccines Not Right Approach
Apr 28 2021 // The granting of intellectual property waivers is not the right way to increase output of COVID-19 vaccines, the founder of German vaccine maker BioNTech said on Wednesday, advocating instead the award of production...
France’s AXA Drops German Power Giant RWE as a Client over Large Coal Operations
Mar 12 2021 // AXA SA, France’s biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights how taboo the coal business has become. Not even an appeal from RWE Chief Executive Officer Rolf...
Microsoft Flaw Exposes as Many as 60,000 Computer Systems in Germany
Mar 11 2021 // BERLIN – As many as 60,000 computer systems in Germany were exposed to a flaw that allows unauthorized users to access systems in Microsoft Corp.’s email software, the head of its cyber-security watchdog said on...
German Insurtech Wefox Plans to Launch Product that Warns of Looming Danger
Mar 11 2021 // BERLIN – German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones and other connected devices to warn users of impending danger, its founder and CEO Julian Teicke...
BHSI Appoints MSIG’s Neumann as Head of Casualty in Germany
Feb 23 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has named Mathias Neumann as head of Casualty in Germany. Mathias has more than 20 years of experience in the insurance industry in Germany. He spent the last 14...
Germany’s Cabinet Advances Bill to Ban Farmers’ Use of Glyphosate by 2024
Feb 12 2021 // Farmers in Germany will have to gradually reduce their use of glyphosate and stop using it completely from 2024 in order to preserve clean habitats for insects, under draft legislation passed by the country’s cabinet...
German Court Says EY Auditors Must Testify Before Parliamentary Panel About Wirecard
Feb 11 2021 // Two Ernst & Young auditors were told by a German court that they must testify before a parliamentary committee about their accounting work for scandal-ridden Wirecard AG. The ruling gives EY clarity about how much...
TÜV SÜD Hit by ‘Significant Damages’ Claim in Germany Over 2019 Brazil Dam Tragedy
Jan 22 2021 // German industrial inspector TÜV SÜD is facing a claim for “significant damages” in the first civil lawsuit on German soil over its alleged role in the deadly collapse of a dam in Brazil two years ago. A group...
Liberty Specialty Markets Launches German Terrorism Insurance Coverage
Jan 20 2021 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched new terrorism insurance coverage in the German market, effective immediately. Since LSM entered the market in 2018, business written...
German Insurtech Startup Wefox Expects Profitable 2021
Dec 15 2020 // BERLIN – German insurance technology startup Wefox expects to achieve revenue of 300 million euros ($365 million) and be profitable at the operating level next year, its founder and CEO, Julian Teicke, said in an...
Germany’s Getsafe Raises $30M from Swiss Re and Others; Eyes Becoming Full Carrier
Dec 9 2020 // Digital MGA Getsafe disclosed $30 million in new financing led by new investor Swiss Re. The Heidelberg, Germany-based InsurTech said the money will help build its market dominance among millennials in its home country and...
German Prosecutors Open Investigation into EY Auditors over Wirecard Collapse
Dec 7 2020 // MUNICH – German prosecutors on Friday opened an investigation into partners at EY who audited Wirecard , after an accounting watchdog filed a report accusing them of criminality in their work for the failed payments...
Germany Extends $37B Backstop for Credit Insurers to Keep Pandemic Trade Flowing
Dec 4 2020 // Germany agreed to extend a backstop for commercial credit insurers by six months to keep trade flowing and prevent bankruptcies as the economy is hit by a second wave of the coronavirus pandemic. Under the deal, which...
HDI Global Specialty Renews Agreement with German MGA AMANIKI
Nov 30 2020 // HDI Global Specialty SE has announced the renewal of its underwriting agency agreement with German M&A insurance specialist MGA, AMANIKI. The agreement also sees AMANIKI move from a co-insurance panel of capacity...
Europeans Buy Older Cars to Avoid Public Transport During Pandemic
Nov 30 2020 // LONDON/MADRID – Want a cheap used car to nip around town without running the gauntlet of coronavirus on public transport? Welcome to Pandemic Motors, we have just what you need. Across Europe, people are snapping up old...
Medical Costs of COVID Patients 50% Higher Than Before Hospitalization: German Study
Nov 16 2020 // Medical costs of German COVID-19 patients who have left hospitals are on average 50% higher than before they were admitted, data from a major insurer showed, a sign that even those who have recovered struggle to regain...
U.S. Sanctions to Target Insurers In Fight Against Russia-to-Germany Nord Stream 2
Nov 12 2020 // The U.S. is drawing up additional sanctions on the Nord Stream 2 natural gas pipeline project, the latest obstacle in the path of the 9.5 billion-euro ($11.2 billion) Russia-to-Germany link that’s been halted almost...
