Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Liberty Specialty Names Rieger Head of Casualty Germany, Succeeding Offenhau
Jul 15 2020 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Rainer Rieger as head of Casualty Germany. Rieger, who has worked with the company since 2015, is replacing Detlef Offenhau who recently...
German Officials Seize Server With U.S. Police Files Stolen in Data Breach
Jul 10 2020 // At the behest of the U.S. government, German authorities have seized a computer server that hosted a huge cache of files from scores of U.S. federal, state and local law enforcement agencies obtained in a Houston data...
Wirecard Probe Expands with Arrest of Head of Dubai-Based Subsidiary
Jul 7 2020 // BERLIN/FRANKFURT – German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of Wirecard, widening the circle of suspects in a multi-billion-dollar fraud investigation into the collapse of...
Report Highlights Need for Better Risk Management on Europe’s Container Ship Routes
Jun 29 2020 // A Dutch safety watchdog said Thursday [June 25] that it is “undesirable” for large container ships to use a shipping route through an environmentally sensitive, shallow sea off the coast of the Netherlands,...
SoftBank May Sue Wirecard Accountant EY; EU Probes Germany’s Regulator
Jun 26 2020 // The European Union is investigating Germany’s financial regulator over the collapse of payments company Wirecard in a rare move that heaps embarrassment on Berlin days before it is due to take over the EU’s...
‘The Money’s Gone’: Wirecard Collapses Owing $4 Billion
Jun 25 2020 // Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books in Germany’s worst accounting scandal. The implosion of the payments company came a week after auditor EY...
Former CEO of Wirecard Arrested in Accounting Scandal Involving Missing $2.1 Billion
Jun 23 2020 // FRANKFURT – Wirecard’s former boss was arrested on Tuesday on suspicion of falsifying accounts, after the German payments firm disclosed a $2.1 billion financial hole and questioned whether trustees had...
Russia Aims to Complete Nord Stream Gas Pipeline, Despite U.S. Objections
Jun 17 2020 // Russia’s Gazprom PJSC has made a request with the Danish government to deploy new vessels in the Baltic Sea for work on the disputed Nord Stream 2 gas pipeline, Denmark’s environmental protection agency...
Germany’s Rhine River at Dangerously Low Levels, Which Could Disrupt Shipping
Jun 9 2020 // Germany’s Rhine River is entering dry summer months with water levels at their lowest in two decades, prompting fears of shipping disruption on Europe’s most important inland waterway. After spring showers...
German Insurer Allianz Seeks Asset Management License from China Regulators
Jun 5 2020 // Allianz is in talks with Chinese regulators for a license as the German insurer looks to eventually offer broad asset management services in the world’s second-largest economy. Discussions for a license to manage its...
Senators Seek to Expand U.S. Sanctions to Insurance for Russia-Europe Pipeline
Jun 4 2020 // U.S. senators will announce a bill this week expanding sanctions on Russia’s Gazprom-led Nord Stream 2 project, Senate aides said, targeting a pipeline Washington says will make Europe too reliant on Russian gas. The...
German Court Backs Damages Claims Against VW, Providing Clarity for 60,000 Cases
May 28 2020 // A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing – but but consumers must accept the current value of the car based on the...
Allianz and Generali Plan to Sell Life Insurance Assets: Sources
May 28 2020 // Two of Europe’s largest insurers are gearing up to sell billions of euros in life assets — a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic. Allianz SE is planning to divest as...
SAP Admits to Security Lapses in Some Products, but Says There Was No Data Breach
May 6 2020 // Business software group SAP disclosed on Tuesday that some of its cloud products did not meet contractual or statutory security standards and said it would take remedial action to fix the problem as soon as possible. The...
German Judge Casts Doubt on VW’s Defense in Landmark Diesel-Damages Case
May 5 2020 // A German federal court judge cast doubt on Volkswagen’s reasoning after the carmaker urged the court to dismiss a claim for damages brought by an owner of a diesel powered VW Sharan family van. Tuesday’s...
RMS Releases High Definition Models for European Severe Convective Storm
May 5 2020 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the release of new European Severe Convective Storm (EU SCS) High Definition Models. The models represent 50,000 years of simulation of hail and...
Allianz Withdraws 2020 Profit Target on Pandemic Uncertainties
May 1 2020 // Allianz SE withdrew its forecast for the year as Europe’s biggest insurer struggles with the fallout from the Covid-19 pandemic. Given the economic uncertainty, the board “does not assume that Allianz can...
German Economy Relies on Rhine River – But Levels Are Low Without April Rainfall
Apr 28 2020 // Germany’s spring showers haven’t materialized this year, and that’s drying out the country’s most important river, prompting concerns that key industrial goods might have trouble making it to their...
Swiss Re Corporate Solutions Appoints Grass as CFO, Succeeding Mueller
Apr 21 2020 // Swiss Re Corporate Solutions appoints Matthias Grass as chief financial officer, where he will be responsible for ensuring the Swiss Re business unit achieves its financial targets and implements its strategy. He will...
Notre Dame Restoration Halted by France’s Coronavirus Lockdown
Apr 20 2020 // Notre Dame Cathedral stands crippled and alone, locked in a dangerous web of warped scaffolding one year after a cataclysmic fire gutted its interior, toppled its famous spire and horrified the world. Some of the 40,000...
