Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Fast-Growing German Insurtech Wefox Raises $110 Million More
Dec 11 2019 // German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to invest in its expansion...
Germany’s Green Vault Museum Finds It’s Uninsured for $1 Billion Theft of Jewels
Nov 27 2019 // A day after burglars made off with priceless jewels from a German museum, pressure is growing on police to find the culprits. One big reason: The diamond-encrusted dagger, pearl necklace, and dozens of other glittering...
Müller Succeeds Fischer Hirs as CEO of AGCS; Allianz Germany Appoints Executives
Nov 15 2019 // Allianz Global Corporate & Specialty SE (AGCS) and Allianz Deutschland AG announced leadership changes that will take effect from Dec. 1, 2019, subject to regulatory approval. Joachim Müller, currently CEO of Allianz...
Blackstone’s Lombard Could Face Legal Issue with $1B-Plus of Unsigned Policies
Oct 28 2019 // For nearly a decade, Lombard International sat on a secret. It began to unravel in May 2016 when a wealthy German walked into a Luxembourg bank. The man wanted a loan. For collateral, he offered a future payout from a...
Holocaust Survivors Want Congress to Let Them Sue Insurers Over Nazi-Era Losses
Oct 10 2019 // When David Schaecter was a child in Slovakia in the 1930s, he counted more than 100 people in his extended family. By the end of World War II, he alone survived. The rest had been killed in Nazi concentration camps or by...
DARAG Buys Zurich’s German Architects & Engineers Professional Indemnity Portfolio
Sep 11 2019 // DARAG Group Ltd., the Malta-based legacy acquirer, announced it has reached an agreement with Zurich Insurance plc to acquire Zurich’s German architects and engineers (A&E) professional indemnity insurance...
Germany to Limit Use of Weedkiller Glyphosate Then Ban It 2023
Sep 5 2019 // Germany will ban the use of the weedkiller glyphosate – the subject of billion-dollar U.S lawsuits over claims it causes cancer – from the end of 2023 and limit its use before then, the Environment Ministry...
German Firm Quits Safety Inspection Business Following Brazilian Dam Collapse
Aug 20 2019 // Germany’s TÜV SÜD has pulled out of conducting safety assessments of dams after the collapse of a Brazilian dam it had vetted killed almost 250 people in January, the industrial inspection firm’s chief...
Germany’s Forests Damaged by Droughts and Wildfires, Stoking Climate Debate
Aug 12 2019 // Germany’s forests – long a source of pride and national identity – are feeling the heat. A second consecutive year of unusually dry and warm weather has left swaths of dead and dying trees, fueling fears that the...
How VW Emissions Scandal Hurt Other German Car Makers’ Reputations and Profits
Aug 7 2019 // The fallout from Volkswagen’s 2015 emissions scandal cost other German car makers billions of dollars in sales, according to new research from Notre Dame University. In 2015, Volkswagen was exposed for bypassing U.S....
German Bank Seeks to Seize Ships for Breach of Iran Sanctions
Aug 6 2019 // Reports alleging that fuel tankers appeared to breach U.S. sanctions against Iran were cited in court filings by a bank as it sought to seize the ships, accusing the owners of loan default. The accusations, which led to...
Legacy Acquirer DARAG Signs Portfolio Transfer Agreement with Germany’s SOVAG
Aug 6 2019 // DARAG Group Ltd., the Malta-based legacy acquisition firm, announced it has signed a portfolio transfer agreement with German re/insurer Schwarzmeer und Ostsee Versicherungs-Aktiengesellschaft (SOVAG). The legacy portfolio...
Climate Change Blamed for Europe’s Latest Heatwave
Jul 26 2019 // Europe’s latest summer heatwave broke heat records just weeks after the continent had its hottest ever June, fueling concern that a shifting climate is triggering more extreme weather. Germany probably set a new...
Group of German Companies – Including BASF, Siemens, Roche – Hit by Cyber Attacks
Jul 24 2019 // German blue-chip companies BASF, Siemens, Henkel along with a host of others said on Wednesday they had been victims of cyber attacks, confirming a German media report which said the likely culprit was a state-backed...
Rhine River Shipping Faces Another Historic Shutdown as Drought Hits Water Levels
Jul 24 2019 // The bustling boat traffic on Europe’s Rhine river ground to a halt for the first time in living memory last year, as shrinking alpine glaciers and severe drought made the key transport artery impassable. Those...
Europe Faces Heatwave with London and Paris Expected to Break July Records
Jul 23 2019 // Europe is facing a second heatwave this summer, just weeks after the hottest June on record, intensifying concern over climate change and the rise in extreme weather events. Swathes of northwest Europe will struggle to...
Concern Over Pig Virus Prompts Philippines to Ban German Pork
Jul 19 2019 // The Philippines restricted pork imports from Germany, citing concerns about food safety in one of the world’s major shippers, as Asian countries battle to stop a deadly pig virus spreading. From July 2, the...
Germany’s Merkel Says UK Should Be Given More Time for Brexit If Needed
Jul 19 2019 // German Chancellor Angela Merkel said the U.K. should be given more time to leave the European Union if it needs it, as she pointed to a way out of the Brexit impasse that falls far short of what the U.K.’s next prime...
Judge Supports Reducing $2 Billion Damages in Bayer Roundup Glyphosate Case
Jul 19 2019 // Germany’s Bayer AG welcomed on Friday a call by a U.S. judge to cut a $2 billion damages award to a Californian couple by a jury which found that its glyphosate-based weed killer had caused their cancer. The company...
China’s Pig Farms Tighten Biosecurity to Beat African Swine Fever
Jul 16 2019 // A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by international standards. From farms to feed mills...
