Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Germany’s Talanx Invests in Renewable Energy to Counter Low Interest Rates
Sep 16 2015 // Talanx AG, the German insurance company buying into its first offshore wind farm, said it’s likely to purchase more renewable-energy assets. The insurer sees renewables as offering “long-term, bigger yields...
XL Catlin Forms New Leadership Team for Germany
Sep 9 2015 // XL Catlin has announced a new insurance leadership team for Germany. The integration process is now well underway across XL Catlin, with the company maintaining a strong focus on bringing together and retaining its top...
Insurance Policy Led by Catlin, XL Gives Cash Boost to German Soccer Team
Aug 24 2015 // A rare insurance deal gave Borussia Dortmund, Germany’s only publicly traded soccer club, a financial boost even as the team had its worst performance in the Bundesliga championship in seven years. Dortmund finished...
ACE Offers New D&O Products in Germany; Dünkeloh Named Financial Lines Mgr.
Aug 17 2015 // ACE Group has launched two new D&O insurance products and has appointed a new financial lines manager in Germany, as it continues to respond to the rapidly evolving management liability cover needs of companies in...
Munich Re’s ERGO May Cancel Purchase of Greek Insurer on Instability
Jul 10 2015 // Munich Re’s ERGO Insurance unit may cancel its planned 90.1 million euro ($100 million) acquisition of Greece’s ATE Insurance SA if the country doesn’t return to stability. “Depending upon how the...
Germanwings Offers Emotional Damage Payments to Crash Victims’ Families
Jun 30 2015 // Germanwings is offering €25,000 ($27,833) compensation payments to close relatives of those killed in the March 24 plane crash for their pain and suffering, it said on Tuesday. Evidence shows co-pilot Andreas Lubitz...
Allianz to Shrink German Branch Network; Hit by Low Interest Rates
Jun 10 2015 // Allianz SE, Europe’s biggest insurer, said it will shrink its administrative branch network in Germany as low interest rates and regulatory demands hurt industry profitability. About 360 jobs, or about 1 percent of...
Generali Reorganizes German Business to Enhance Competitive Position
May 26 2015 // Generali is reorganizing its German market business with an aim to enhance the competitive position of the group by the end of 2018. The company is instituting simpler and business-focused governance, a stronger focus on...
$952 Million: PERILS Initial Loss Estimate for Windstorm Mike-Niklas
May 11 2015 // PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data, has given an initial estimate for windstorm Mike-Niklas (Lentestorm in the Netherlands) of €853 million [$952...
In Land of Negative Yields, Even Conservative Insurers Eye Junk Bond Investments
May 5 2015 // The new fixed-income haven is, of all things, the market for junk bonds. With government securities in Germany to Japan and Ireland yielding less than nothing, money is pouring into exchange- traded funds that buy...
German Soccer Club Insured for Revenue Losses; Policy Led by Catlin, XL
Apr 23 2015 // Borussia Dortmund is using an unusual insurance policy to recover most of the income it is losing for failing to qualify for European soccer’s elite Champions League for the first time in five years, according to two...
AIR Estimates Cyclone Niklas Insured Losses from $1.09 to $2+ Billion
Apr 7 2015 // Catastrophe modeling firm AIR Worldwide estimates that insured losses from Extratropical Cyclone Niklas will range between €1.0 billion and €1.9 billion [$1.09 to $2.07 billion], with the majority of losses in...
German Aviation Authority Didn’t Know Crash Pilot’s Medical History
Apr 6 2015 // The German aviation authority did not know about co-pilot Andreas Lubitz’s medical background prior to the Germanwings crash that killed 150 people, it told Reuters on Sunday, raising more questions over medical...
Families of Germanwings Crash Victims Must Prepare for Differing Payouts
Apr 2 2015 // Families of those killed aboard the Germanwings flight are likely to receive vastly different payouts depending on their nationality, where they bought the ticket, and how much they earned, even though they all shared the...
Extra-Tropical Cyclones Niklas and Mike Strike No. Europe: AIR Worldwide
Apr 1 2015 // AIR Worldwide reports that extra-tropical cyclone Niklas, currently battering northern Europe with gale-force winds, “is reportedly one of the worst storms to affect Germany in recent years. High winds and heavy...
Co-Pilot’s Ex-Girlfriend Tells of his Psychiatric Problems; Big ‘Gesture’ Plan
Mar 30 2015 // The co-pilot suspected of deliberately crashing an airliner, killing 150 people, had told his girlfriend he was planning a spectacular gesture so “everyone will know my name,” a German daily said on...
Update: Lufthansa Liability May be Unlimited; Insurance in Play
Mar 27 2015 // The families of passengers on the doomed jet operated by Deutsche Lufthansa AG’s Germanwings will able to seek unlimited recoveries from the carrier because the co-pilot may have deliberately crashed the plane into...
Analysts Say Low Interest Rates to Drag on Insurer Profits, Dividends Long-Term
Mar 27 2015 // Rock-bottom interest rates could erode insurers’ earnings power and financial strength for years to come, putting an end to a string of stronger-than-expected rises in dividends, analysts said in reports published on...
Co-Pilot Likely Crashed Germanwings A320 Deliberately: French Prosecutor
Mar 26 2015 // The co-pilot of the Germanwings airliner that crashed in the French Alps killing all 150 people aboard appears to have brought the A320 Airbus down deliberately, the Marseille prosecutor said on Thursday. German Andreas...
Germanwings Airbus A320 Crashes in France; Survivors Unlikely
Mar 24 2015 // An Airbus A320 crash in southern France may have claimed the lives of all 150 people on board, in what would be the worst air accident on French soil in decades. Germanwings Flight 9525 operated by the low-cost subsidiary...
