Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
ICC Survey Concludes Economy is Rebounding ‘at a Slower Pace’
Aug 18 2010 // The world economy continued its rebound from the worst recession in decades, according to the quarterly ICC/Ifo World Economic Survey released today, but at a slower pace. The survey concluded that “some regions,...
19 Killed in Mass Panic at Germany’s Love Parade
Jul 26 2010 // Crowds of people streaming into a techno music festival surged through an already jammed entry tunnel on Saturday, setting off a panic that killed 19 people and injured 80 [later reports indicate that more than 300 were...
Allianz Realigns Global Cooperation with Car Manufacturers
Jul 22 2010 // Germany’s Allianz, Europe’s largest insurer, announced the formation of a new unit for cooperation with car manufacturers at Allianz Versicherungs-AG / International with a “direct reporting line to the...
Cunningham Lindsey Completes Expansion in Germany, Spain, France
Jul 15 2010 // Claims specialists Cunningham Lindsey Group Limited have completed four strategic acquisitions in Europe. President and CEO Philippe Bès reported that the Group is “ahead of our internal plans in the...
QBE Europe Promotes Tonchev and Jenny
Jul 13 2010 // QBE’s European division announced that Petko Tonchev has been promoted to General Manager for Central and Eastern Europe and Felix Jenny will take up the interim position of General Manager of QBE‟s...
ACE Group Appoints Six New Global Client Executives
Jul 8 2010 // The ACE Group of insurance and reinsurance companies has announced the appointment of six additional global client executives in four countries: Jeff Carr and Shaun Edwards in London, Olivier Roussel in Paris, Wolfgang...
Aegon May Sell Transamerica Re; to Concentrate on UK Units
Jun 23 2010 // Dutch insurer Aegon NV is considering the sale of its U.S.-based Transamerica Reinsurance unit but has decided not to sell its UK arm, as it seeks to concentrate on its most profitable activities. Aegon said on Tuesday any...
EU Leaders Meet to Work on Ways to Prevent New Debt Crises
Jun 17 2010 // European Union leaders hope to agree on ways to strengthen budget discipline and economic policy coordination on Thursday to show financial markets they can prevent a repeat of the euro zone debt crisis. Leaders of the 27...
Cologne Re (Germany) to Rebrand as General Re
Jun 10 2010 // The official name is Kölnische Rückversicherungs-Gesellschaft AG, known outside Germany as Cologne Re. It has been part of Berkshire Hathaway’s General Re since 2003, and has recently elected to change the...
G20 Finance Ministers Don’t Even Try to ‘Spin’ Impact of Europe’s Debt Crisis
Jun 7 2010 // Finance ministers can usually be relied upon to put the best spin on whatever is happening to the global economy. Not at this weekend’s Group of 20 meeting in Busan. The two days of talks were remarkable for...
Torus Names 3 Senior Execs for Professional Lines in France, Germany
Jun 3 2010 // Torus, the global specialty insurer, announced the appointment of Mathieu Borneuf as Head of Management Liability and Jérôme Gillet as Head of Professional Liability. Both men are based in Torus’ new...
EU Faces a Battle in Achieving Closer Economic Union
May 21 2010 // Agreeing on a $1 trillion safety net may prove the easy part of saving the euro now the European Union’s leaders are turning to the divisive issue of tightening economic policy coordination. The European Commission...
ECB’s Plan to Buy Bonds Risks Making it Europe’s ‘Bad Bank’
May 18 2010 // The European Central Bank’s decision to buy tarnished debt in the euro zone risks turning it into Europe’s de facto “bad bank” and putting cash-strapped governments and taxpayers on the hook for yet...
Tardy Greek Debt Bailout Spreads Financial Crisis beyond Europe
May 12 2010 // Last weekend the leaders of the European Union finally realized that their dithering over a financial aid package for Greece had imperiled the entire continent’s financial structure. They acted to stem the tide by...
‘Shock and Awe’ Halts Euro Market Slide – for Now
May 10 2010 // A $1 trillion global emergency rescue package to stabilize the euro reversed the slide in world financial markets on Monday but left longer-term questions about whether Europe’s weakest economies can manage their...
EU, IMF Agree on $147 Billion Greece Bailout; PM Warns of ‘Sacrifices’
May 3 2010 // European finance ministers triggered a record €110 billion ($147 billion) bailout for debt-stricken Greece on Sunday, May 2, when Athens committed itself to years of painful austerity. After weeks of tough talk and...
Flights Pick Up in Europe As Ash Risk Is Lowered
Apr 21 2010 // European airports started to return to life on Tuesday after five days cut off from the rest of the world by a volcanic ash cloud, but some countries were more cautious after reports a new cloud might be on its way. The...
AIR Estimates Windstorm Xynthia Insured Losses at $2 to $4.1 Billion
Mar 3 2010 // Catastrophe risk modeling firm AIR Worldwide has estimated that insured losses in France, Belgium, Germany, and Netherlands from winter storm Xynthia will be between €1.5 billion and €3 billion [$2 to $4.1...
Windstorm Xynthia Leaves a Trail of Destruction; RMS Analysis
Mar 2 2010 // Windstorm Xynthia, which swept across Western Europe on Saturday and Sunday, [See IJ web site – https://www.insurancejournal.com/news/international/2010/03/01/107736.htm] left a lot of damage in its wake. The storm...
Ratings Recap: AIA/AIAB, SOVAG, Coface, PhilNaRe, Generali Rueck
Mar 2 2010 // Standard & Poor’s Ratings Services has placed its ‘A+’ counterparty credit and financial strength ratings on American International Assurance Co. Ltd. (AIA) and American International Assurance Co....
