Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
FSA Fines GenRe UK $2.35 Million
Nov 23 2006 // The U.K.’s Financial Services Authority (FSA) has fined General Reinsurance UK Limited (GenRe UK) £1.225 million ($2.35 million) for arranging two improper reinsurance transactions. The FSA said that in doing so...
Berkshire’s Cologne Re Cited in German Finite Reinsurance Probe
Nov 7 2006 // General Reinsurance’s subsidiary, Kolnische Ruckversicherungs-Gesellschaft AG, Cologne Re, has been cited by the German Federal Financial Supervisory Authority (BaFin) regarding its activities in relation to the...
Allianz Investment Unit to Buy U.K.’s John Laing for $1.8 Billion
Oct 30 2006 // Although Germany’s Allianz AG is selling off many of its long-held positions in German companies, it is still interested in making good investments outside the insurance industry. On Friday, Oct. 27 one of the...
EQECAT Upgrades German Flood Model
Oct 4 2006 // EQECAT, Inc. has released its upgraded German Flood model, part of its EuroFlood™ platform, which it said would enable “the European and international insurance industry to manage more effectively exposures from...
Allianz Reaches Agreement with RAS, Employees for SE Plan
Sep 21 2006 // Germany’s Allianz announced that it has reached an agreement with employee representatives of its Italian subsidiary RAS Holding S.p.A on “the future structure for the operational and corporate codetermination...
RMS Releases Germany River Flood Model
Sep 12 2006 // Risk Management Solutions, a Newark, Calif.-based provider of products and services for the management of natural hazard risk, released its probabilistic Germany River Flood model to assess both off and on-flood plain...
U.S., Swiss and EC Approve AXA’s Acquisition of Winterthur; Executive Appointments
Sep 8 2006 // France’s AXA Group has received approvals from U.S., Swiss and the European Commission antitrust authorities for its CHF12.3 billion ($9.89 billion) agreement to acquire Winterthur Swiss Insurance Co. from Credit...
Best Assigns Ratings to HDI, Gerling
Aug 30 2006 // A.M. Best Co. has removed the ratings of Germany’s HDI Haftpflichtverband der Deutschen Industrie and those of its main subsidiaries from under review with negative implications and affirmed the ratings. Best has...
World of nanotechnology stirs product liability concerns
Jul 3 2006 // Federal regulators want to get a better handle on the burgeoning use of nanotechnology in everyday products, as their German counterparts struggle to understand why nearly 100 people suffered respiratory problems after...
Allianz Plans Restructuring; 7480 German Job Cuts
Jun 23 2006 // Germany’s Allianz AG confirmed growing speculation that it would launch substantial cost cutting measures with the announcement on Thursday, June 22, that it plans to reduce the number of workers at Allianz...
S&P Reacts to Winterthur Sale; AXA Revised to ‘Stable’; Winterthur to ‘Positive’
Jun 14 2006 // Standard & Poor’s Ratings Services reacted quickly to the announcement that AXA and Credit Suisse have reached an agreement to sell Winterthur, the Swiss bank’s insurance division to the French insurer for...
World Cup Starts in Germany
Jun 9 2006 // 5:00 p.m. on a Friday is usually associated with “TGIF” as the weekend begins. However, for much of the world this Friday at 5:00 p.m. (local time) it marks the beginning of a very special sporting event...
World Cup: Most heavily insured sporting event starts in Germany
Jun 5 2006 // For the majority of Americans, June 9 is a Friday between June 8 and June 10. But for the rest of the world, that day marks the debut of a month-long football festival — not the kind played in the United States, but...
Risk of European Floods Greater, Eqecat Says
May 24 2006 // Eqecat Inc., a-risk modeling company, said previous risk models underestimated Europe’s risk from floods. The company plans to release in late June an upgraded version of its German flood model, part of its EuroFlood...
World of nanotechnology stirs product liability concerns
May 8 2006 // Federal regulators want to get a better handle on the burgeoning use of nanotechnology in everyday products, as their German counterparts struggle to understand why nearly 100 people suffered respiratory problems after...
World of nanotechnology stirs product liability concerns
May 8 2006 // Federal regulators want to get a better handle on the burgeoning use of nanotechnology in everyday products, as their German counterparts struggle to understand why nearly 100 people suffered respiratory problems after...
XL Announces Global Risk Conferences in Germany, U.S.
May 5 2006 // Bermuda’s XL Capital Ltd. announced that it will host two global risk conferences on the theme “One World Without Borders.” The first will be held on May 10-11 in Berlin, Germany, and the second on...
East German Athletes to Sue Drug Firm Over Olympic Doping
Apr 11 2006 // Former East German athletes who suffered health problems because of systematic doping plan to sue a pharmaceutical company for damages. Talks to settle the case out of court failed this week in Hamburg, their lawyer,...
Allianz German Group Total Earnings up 30% to $2.14 Billion
Mar 22 2006 // Allianz Sachgruppe Deutschland, which incorporates all of the global insurer’s German P/C business, announced that total earnings after tax for 2005 were €1.79 billion ($2.14 billion), compared to the €1.25...
AIR Worldwide Opens Munich Office
Jan 20 2006 // AIR Worldwide Corp. announced the opening of AIR Worldwide GmbH in Munich, Germany, “to meet the needs of its expanding client base in the region.” Yoern Tatge will head the new office. AIR noted: “Europe...
