Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Vollert Appointed CEO of AXA Germany, Joining from Allianz in September
Apr 8 2016 // AXA announced the appointment of Alexander Vollert as chief executive officer of AXA Germany. In addition, he will be appointed to AXA Group’s executive committee. This appointment will be effective as of Sept. 16,...
Fintech Revolution May Threaten 250,000 Jobs as Europe Insurers Seek Cost Cuts
Apr 7 2016 // The rush is on to replace people with software in Europe’s insurance industry as cost cutting and automation become increasingly crucial to bolstering earnings. Zurich Insurance Group AG is accelerating its cost...
Legacy Specialist Compre Arranges Deals with QBE and German Mutual
Mar 30 2016 // Compre, the London-based insurance and reinsurance legacy specialist, announced the signing of an agreement to acquire QBE’s share of the Ridgwell Fox & Partners’ (RFP) pool legacy reinsurance business. The...
British SME Owners Develop Contingency Plans for Potential ‘Brexit’
Mar 29 2016 // Above a factory floor of machines carving metal to within a millionth of a meter, Stephen Cheetham is preparing his company for the unknown: a British exit from the European Union. Since the government announced a...
Tech Firms Warn of Growing Cyber Risks: From Medical Devices to Sex Toys
Mar 17 2016 // It’s not just computers and mobile phones that are vulnerable to cyber attack, according to software firm Trend Micro. As more devices are hooked up to the internet, it could be anything from medical equipment to...
278 Volkswagen Institutional Investors File €3.3 Billion Suit in Germany
Mar 15 2016 // Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in the emissions scandal, the law firm representing them...
XL Catlin Expands Crisis Management Product Suite in UK, Asia Pacific, Germany
Mar 10 2016 // XL Catlin has introduced “Active Assailant” coverage to its crisis management product suite to respond to the threat of physical attack faced by businesses and public service providers. “Active Assailant...
Allianz Plans to Sue VW over Share Drop Caused by Emissions Scandal: Source
Mar 9 2016 // German insurer Allianz plans to sue Volkswagen over the sharp drop in its shares as a result of the carmaker’s diesel emissions scandal, a source familiar with the situation told Reuters. If successful, the lawsuit...
Former VW CEO Was Alerted to Problems with US Diesel Emissions Tests in 2014
Mar 3 2016 // Volkswagen’s former chief executive officer was alerted to problems with U.S. diesel emissions tests in 2014, but the issue “did not initially receive particular attention at the management levels,” the...
Europe’s Insurers Turn to Risky Property Investments, in Hunt for Better Returns
Mar 3 2016 // Traditionally conservative European insurers and pension funds are turning increasingly to risky property bets on everything from new homes in provincial Britain to car parks at Brussels airport, as they feel the pinch...
5 Governments Write to China, Expressing Concern over New & Draft Laws
Mar 1 2016 // The United States, Canada, Germany, Japan and the European Union have written to China to express concern over three new or planned laws, including one on counterterrorism, in a rare joint bid to pressure Beijing into...
Mars Recalls Chocolate Bars Made in Dutch Factory; Plastic Found in Snickers Bar
Feb 24 2016 // Mars Inc. has recalled chocolate bars and other products in 55 countries, mainly in Europe, due to choking risk after a piece of plastic was found in a Snickers bar in Germany. All of the recalled products, which include...
Chubb Names Country Presidents to Lead Continental European Operations
Feb 5 2016 // Chubb has appointed the country presidents who will lead its operations in Continental Europe, with immediate effect. The country presidents will report to Jeff Moghrabi, division president, Continental Europe. These and...
Talanx Group’s Industrial Insurer Operating with New Name: HDI Global SE
Jan 29 2016 // Talanx Group’s industrial lines insurer, formerly called HDI-Gerling Industrie Versicherung AG, is now operating under the name HDI Global SE. On Jan. 8, the renaming of HDI-Gerling Industrie Versicherung AG became...
Factbox – International Firms Rush to Establish Position in Iran as Sanctions Lift
Jan 19 2016 // Major international companies are rushing to establish a position in Iran as the Islamic Republic re-opens for business after the lifting of international sanctions. Up for grabs is access to a market with 80 million...
U.S. Sues Volkswagen, Seeks Up to $80 Billion in Penalties
Jan 5 2016 // The U.S. Justice Department sued Volkswagen AG for installing illegal devices meant to defeat emissions testing, and laid out claims that could push penalties into the tens of billions of dollars — an opening salvo...
World’s Top 10 Insurers Ranked by Premium, Assets
Jan 4 2016 // The world’s largest insurer as measured by 2014 net premiums written is UnitedHealth Group Inc., according to a ranking by A.M. Best of the world’s largest insurance companies. France’s AXA S.A. kept its...
Liberty Specialty Markets Boosts German Presence with New Casualty Team
Jan 4 2016 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has strengthened its presence in the German casualty market with the appointment of a new four-strong casualty team in its Cologne office. The team...
Germany’s Talanx Strengthens Bancassurance Presence in Italy
Dec 4 2015 // The Talanx Group, headquartered in Hannover, Germany, is strengthening its bancassurance business in Italy by acquiring the insurance companies belonging to the Italian banking group Gruppo Banca Sella. Via its Italian...
Allianz Plans to Sell Coal Holdings in Response to Climate Change Concerns: CIO
Nov 24 2015 // Allianz SE is turning its back on coal as returns evaporate from energy generation that is harmful to the environment. Europe’s largest insurer plans to exit holdings in mining companies and utilities that derive...
