Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
AXA, Japan Post Top Best’s List of World’s Largest Insurers
Jan 4 2012 // France’s AXA S.A. has again topped the list of the world’s 25 largest insurance companies, based on premiums written, compiled by A.M. Best. The lists, which were compiled both on asset value and on net...
Connecticut, German Regulators Sign Cooperation Agreement
Dec 22 2011 // Connecticut Insurance Commissioner Thomas Leonardi announced this week that the Connecticut’s insurance department entered into its third cooperative agreement with a European financial regulator — the second...
Europe Moves Ahead with Fiscal Union; UK Isolated
Dec 9 2011 // Europe divided on Friday in a historic rift over building a fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to move ahead with a separate treaty, leaving Britain...
Holocaust Survivors in U.S. Seek $20B in Nazi-era Policies
Nov 17 2011 // Thousands of aging Holocaust survivors in the U.S. want Congress to clear a path for them to sue European insurance companies they contend illegally confiscated Jewish life insurance policies during the Nazi era and have...
Torus Strengthens European P&C Platforms with New Appointments
Nov 17 2011 // Torus Insurance announced that it has “enhanced its offering in Europe with the appointment of Brian Byrnes as Senior Underwriter for General Property and Marco Sonntag as Senior Underwriter for Casualty.” They...
AIR Worldwide Launches Inland Flood Model for Germany
Nov 8 2011 // Catastrophe risk modeling firm AIR Worldwide has released an inland flood model for Germany, which it said “offers a fully probabilistic approach for determining the likelihood of flood losses from all types of...
France, Germany Give Greece Ultimatum on Euro
Nov 3 2011 // The leaders of Germany and France told Greece on Wednesday it would not receive another cent in European aid until it decides whether it wants to stay in the euro zone. They also made clear that saving the euro was...
Greek Referendum Plan Threatens New Euro Zone Crisis
Nov 1 2011 // Prime Minister George Papandreou’s shock announcement that he will put Greece’s bailout to a referendum threatened to intensify the euro zone crisis, and brought complaints in Germany that Athens is trying to...
Liberty International Opens New Office in Hamburg
Nov 1 2011 // The London-based Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, has opened a new office in Hamburg, Germany, aimed at to strengthening “its position as a competitive,...
Markets Cheer Euro Deal But Questions Remain
Oct 27 2011 // The euro and stocks rallied on Thursday after European leaders struck a deal to provide debt relief for Greece, but analysts warned the plan would fail to halt the euro zone’s two-year-old debt crisis unless crucial...
Germany Rebuffs France on Euro Zone Solution; Insurance for Bonds an Option
Oct 21 2011 // France’s push to use more European Central Bank money to fight the euro zone debt crisis ran into strong resistance from Germany and other EU partners on Friday, leaving Paris increasingly isolated before a crucial...
Europe’s Fleet Vehicle Market Valued at $23 Billion
Oct 18 2011 // New research by Finaccord, a specialist market research consulting firm, estimates that the market for motor insurance for fleet vehicles across ten European countries is worth €15.8 billion [$21.77 billion] in premiums...
U.S. SEC to Limit Charges Against Allianz
Oct 17 2011 // The U.S. Securities and Exchange Commission does not plan to charge Allianz SE for illegal activity at its private equity investments, according to two people familiar with the matter, in a case that could have tested the...
Ratings: RetailFirst, ANICO, Mariah Re, German Mutual, Centurion, Mt. Morris
Oct 12 2011 // A.M. Best Co. has assigned a financial strength rating of ‘B++’ (Good) and issuer credit ratings of “bbb+” to RetailFirst Insurance Company and BusinessFirst Insurance Company, collectively referred...
Tennessee’s Dollywood Sues German Builder Over Ride Malfunction
Oct 6 2011 // The Dollywood theme park in East Tennessee has filed a $500,000 lawsuit against a German company over a ride that park officials claim has malfunctioned. The suit, in Sevier County Circuit Court, claims the Timber Tower...
JPMorgan, BofA Sued Over Mortgage Debt Losses
Oct 3 2011 // JPMorgan Chase & Co. and Bank of America Corp. were hit with new lawsuits by investors claiming losses on $4.5 billion of soured mortgage debt, adding to litigation targeting the two largest U.S. banks. The plaintiff...
LG Seeks Ban on BMW, Audi Sales in Korea over Osram Lighting Products
Sep 28 2011 // LG Electronics filed a suit in South Korea, seeking a ban on the sale of BMW and Audi cars, expanding its legal battle over lighting-product patents with Siemens unit Osram to automakers. The sales injunction request filed...
UK Travel Insurer Columbus Direct Expands into German Market
Aug 26 2011 // UK travel insurer Columbus Direct, which is part of the Collinson Insurance Group, announced the expansion of its range of low cost travel products into the German market. The bulletin said a “range of travel...
Official Says Germany Wants Armed Guards on Europe Ships
Aug 23 2011 // Germany plans to lobby other European Union countries to allow the deployment of private armed guards on their merchant ships in high-risk areas as a piracy crisis escalates, ministry officials said. But analysts said the...
Sarkozy, Merkel Push Euro Integration; No Joint Bonds
Aug 17 2011 // France and Germany unveiled far-reaching plans for closer euro zone integration on Tuesday, but they disappointed investors by declaring that any thoughts of a common euro bond issuance would have to wait. Under heavy...
