Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Berlin Bans Car Service Uber; Insurance Concerns Cited
Aug 18 2014 // Berlin has banned car service Uber, which allows users to summon a ride on their smartphone, for not offering drivers and vehicles licensed to carry passengers, or full insurance cover, the German capital said. The ban...
Talanx Quarterly Profit Falls 19% on Lower Investment Income
Aug 14 2014 // Talanx AG, Germany’s third-biggest insurer, said second-quarter profit dropped 19 percent on lower investment income. Net income declined to €165 million ($220 million) from €204 million [$272.6 million] a year...
Direct Line in Talks to Sell Italy, Germany Units; Shares Surge
Aug 1 2014 // Direct Line Insurance Group Plc, the U.K.’s biggest home and motor insurer, said it was in talks to sell its units in Germany and Italy. The shares climbed the most since its initial public offering in October...
Allianz Poised to Reappoint Diekmann as CEO, but Considering Successors
Aug 1 2014 // Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe’s largest insurer expands its global presence or returns more cash...
Allianz Deutschland CEO Riess Sees No Need for Fresh German Cost-Cutting Plan
Jul 16 2014 // The German unit of Allianz SE, Europe’s biggest insurer, sees no need to follow up on a cost-cutting program in its non-life business that has dragged on three years. “We have achieved a lot; now it’s...
Lloyd’s Comments on its World Cup Predictions; Saw Germany as Winner
Jul 15 2014 // A bulletin on the Lloyd’s website asks “how did our insurable value measures fare as predictors of success on the pitch,” following the conclusion of the World Cup in Brazil? Lloyd’s said its...
Allianz Says Investments in Roads, Grids Lack Political Support
Jul 10 2014 // Allianz SE said a lack of political support prevents investors from contributing more money to infrastructure projects such as roads or power and gas grids. “Politicians are still convinced infrastructure has to be...
Aon Benfield June Global, U.S. Cat Report: Thunderstorms, Hail, Floods
Jul 7 2014 // The Global Catastrophe Recap report for June from Aon Benfield’s Impact Forecasting highlights the outbreak of severe thunderstorms that affected Western and Central Europe during the first half of the month, causing...
Heat Wave, Thunderstorms Batter Europe: AIR Analysis
Jun 13 2014 // Catastrophe modeling firm AIR Worldwide has analyzed the severe thunderstorms that pummeled western and central Europe, starting on Sunday, June 7. The storms packed “extremely strong and damaging winds, large hail,...
Lloyd’s Tallies Insurable Value of World Cup Teams, Predicts Winner
Jun 13 2014 // Lloyd’s has released research with the Centre for Economics and Business Research (Cebr) that ranks each team in the FIFA World Cup based on the collective insurable value of each country’s players. The total...
Storm Kills Six in Germany as Hottest Holiday Ends in Tragedy
Jun 10 2014 // A thunderstorm that swept through large parts of Germany on Monday night left as many as six people dead and 30 seriously injured as a holiday marking the feast of the Pentecost ended in tragedy. A 28-year-old cyclist from...
German Insurers Say Schaeuble Amendment Will Scare off Investors
May 28 2014 // German Finance Minister Wolfgang Schaeuble has deflected complaints from insurers worried that his revamp of how they meet obligations to policy holders will scare off investors, a ministry document released today...
Ratings Recap: HDI V.a.G/Talanx, TTB/TTI, Platinum Underwriters
May 21 2014 // A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit ratings of “a-” of Through Transport Mutual Insurance Association Limited (TTB) (Bermuda) and its...
Europe Moves Ahead with Self-Driving Cars in Reponse to Google
May 19 2014 // Cars could be driving themselves down the world’s streets far sooner than expected, thanks to a change in a global treaty backed by European countries. A little-noticed amendment to the United Nations Convention on...
Company Data Breach Now Costs $3.5M on Average: Ponemon Study
May 7 2014 // The average cost of a corporate data breach increased 15 percent in the last year to $3.5 million, according to a study. The study by the Ponemon Institute out of Michigan also found that the cost incurred for each lost or...
JPMorgan Snub, Lloyd’s Insurance Threat Spurred Change at SAE Fraternity
Mar 27 2014 // Early this month, JPMorgan Chase & Co. stopped managing an investment account for a prominent client: the charitable foundation of Sigma Alpha Epsilon, one of the nation’s largest fraternities. The bank was...
Old Mutual Sells Skandia Units as It Pares European Operations
Mar 27 2014 // Old Mutual Plc, Africa’s biggest insurer, is selling its Skandia units in Germany and Austria for €220 million ($303 million) in cash. The two businesses, part of the London-based insurer’s wealth division,...
Talanx Q4 Profit Triples after Gains at Industrial Insurance Unit
Mar 24 2014 // Talanx AG, Germany’s third-biggest insurer, said fourth-quarter profit tripled after higher earnings at its industrial insurance business and lower tax at its reinsurance unit. Net income rose to €227 million ($313...
XL Group launches ‘Automotive Recall Plus’ in Germany, Austria, Switzerland
Mar 6 2014 // The global insurance segment of XL Group plc announced the launch of its new product – Automotive Recall Plus – which it described as an “innovative product designed for the automotive supplier industry. It...
Prior Experience Heightens Perceptions of Disaster Risks
Jan 31 2014 // People who have experienced a disaster such as an earthquake, flood, or terrorist attack have a heightened perception of the risks posed by these and, in some cases, unrelated risks, according to a study involving 1,045...
