Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Insured Losses for Germany’s Cyclone Xavier Rise to US$391.5M: PERILS
Jan 5 2018 // The insured property market loss for Extratropical Cyclone Xavier, which affected Germany on Oct. 5, 2017, has risen to €325 million (US$391.5 million)., according to data released by PERILS, the independent Zurich-based...
Insured Losses for Germany-Austria’s Storm Herwart Estimated at $337.3M: PERILS
Dec 11 2017 // The initial insured property loss estimate for Extratropical Cyclone Herwart, which hit Austria and Germany on Oct. 29, 2017, is €252 million ($337.3 million), according to PERILS, the independent Zurich-based...
World Leaders Aim to Breathe New Life into Paris Climate Pact; AXA Plans Initiatives
Dec 11 2017 // French President Emmanuel Macron this week will seek to breathe new life into the fight against global warming and sway debate away from skeptics of the process led by U.S. President Donald Trump. At a series of events in...
Technology Risk Mgmt Association TechAssure Names New Member in Germany
Nov 20 2017 // TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, has named German insurance brokerage BüchnerBarella as a new member, effective...
Insured Losses for Cyclone Xavier in Germany Estimated at $343.6M: PERILS
Nov 16 2017 // The initial estimate of the insured property market loss for Extratropical Cyclone Xavier, which primarily affected Germany on Oct. 5, 2017, is €291 million (US$343.6 million), according to PERILS, the independent...
Generali Posts 9.9% Drop in 9-Month Profits; But on Track to Achieve 2017 Target
Nov 9 2017 // Italy’s biggest insurer, Generali, kept its guidance unchanged on Thursday after posting a 9.9 percent drop in nine-month profits due to a loss on the sale of its Dutch business. Profits for the period totalled 1.463...
Zurich to Transfer German Legacy Medical Practice Portfolio to Catalina
Nov 7 2017 // Zurich Insurance Group announced that its subsidiary Zurich Insurance plc has entered into an agreement with Catalina Insurance Ireland DAC (Catalina) to transfer its German legacy medical malpractice book to Catalina. The...
Marsh Appoints Fahrig as CEO of Continental Europe Region
Oct 17 2017 // Marsh announced the appointment of Siegmund Fahrig as CEO of its Continental Europe region, effective immediately. Fahrig succeeds Flavio Piccolomini, who was recently appointed CEO of Marsh’s International Division....
Insurers, Reinsurers Tally Maria, Irma, Harvey and Other Disaster Losses
Oct 10 2017 // Losses from Hurricane Maria and other recent natural disasters, including hurricanes Irma and Harvey, the Mexico City earthquake and other events, have led global insurers and reinsurers to issue profi warnings.t Below are...
German Firms with UK Operations Should Prepare for ‘Hard Brexit’
Oct 5 2017 // German firms with a presence in Britain should make provisions now for a “very hard Brexit,” Germany’s biggest industry group said on Thursday, because the government in London does not know what it...
Willis Towers Watson Launches Facultative Re Hub for Germany, Austria, Switzerland
Oct 4 2017 // Willis Towers Watson has launched a hub that will focus on facultative reinsurance business across the German-speaking region of Germany, Austria and Switzerland (DACH). The broker said the hub will further enhance its...
UPDATE 2: Global Re/Insurers Estimate Price Tag of Q3 Hurricanes & Quakes
Oct 3 2017 // Losses from Hurricane Maria and other recent 2017 natural catastrophes, including Hurricanes Irma and Harvey, the Mexico City earthquakes and other events, have led global insurers and reinsurers to issue profit...
Generali in Germany Launches Next Phase of Restructuring Program
Sep 29 2017 // Generali Deutschland has launched the next phase of its program to reorganize in Germany, which is one of Generali’s core markets. The program is designed to strengthen and streamline operations, while building the...
Natural Disasters Begin to Hit Profits of Global Reinsurers
Sep 22 2017 // A profit warning from one of the world’s largest reinsurers is the latest sign that the death and destruction from a spate of hurricanes and earthquakes in North America are now taking a toll on the titans of global...
How One German Company Is Making Workplace Robots Safer for Humans
Sep 18 2017 // Two years ago, a robot crushed a 22-year-old man to death at a Volkswagen AG factory in Germany after the maintenance worker became trapped in an area usually off-bound to humans. While this type of tragedy is still...
Audi Goes Full Speed on Automated Driving, While Competitors Wary of Liability, Regulation
Sep 18 2017 // German carmaker Audi is taking a lead in bringing more automated driving to roads, but rivals seem in no rush to follow while legal and regulatory uncertainties still cloud the technology. At the Frankfurt car show, Audi...
China’s Anbang & Conglomerate HNA Eyed Buying Stakes in Allianz: Sources
Sep 6 2017 // China’s Anbang Insurance Group Co. Ltd. and HNA Group Co. Ltd. separately considered buying stakes in German insurer Allianz SE as part of plans to create a global financial empire, people with direct knowledge of...
Germany Pioneers Ethical Guidelines for Operation of Driverless Cars
Aug 25 2017 // Protecting people rather than property or animals will be the priority under pioneering new German legal guidelines for the operation of driverless cars, the transport ministry said on Wednesday [Aug. 23]. Germany is home...
European Egg Scandal Widens
Aug 14 2017 // The European Union said Friday [July 11] that it plans to hold an extraordinary meeting late next month over a growing tainted egg scandal as it revealed that products contaminated with an insecticide have now spread to 17...
European Egg Contamination Is ‘Criminal’: German Agricultural Minister
Aug 9 2017 // Germany’s agriculture minister said on Tuesday that the contamination of millions of eggs with a potentially harmful insecticide was “criminal,” as authorities in several European countries continued to...
