Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Analysis: EU’s Spain Bank Rescue May Bring only Brief Respite
Jun 11 2012 // Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece’s debt crisis flares again but any respite for Madrid and the euro may be...
Best Affirms Allianz SE’s Ratings, Removes from Review, Outlook Stable
Jun 7 2012 // Following the rating actions taken in December 2011, A.M. Best Europe announced that it has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-”...
Will There Ever Be a United States of Europe?
Jun 6 2012 // From recent news you will have learned that the euro zone crisis continues to be the 700 pound gorilla in the room of the global economy. It’s become increasingly clear that, whatever happens in Greece on June 17,...
Global Downturn Puts Investors, Companies in Retreat
Jun 5 2012 // Gripped by fears that Europe’s debt crisis is driving the world economy into a ditch, companies are delaying plans to raise capital and canceling deals, while investors are taking refuge in cash or any other place...
Top Trade Credit Insurer Pulls Cover for Exports to Greece
May 31 2012 // The world’s biggest trade credit insurer, Euler Hermes, has suspended cover for exporters shipping to Greece because of the mounting risk of them not being paid in the event the debt-laden nation is forced out of the...
EU Proposes Cross-Border Bank Rescues
May 30 2012 // European Union countries could be obliged to bail out one another’s struggling banks, according to a draft EU law that marks a big step towards greater EU financial integration likely to upset some members,...
Tackling Euro Zone Crisis is Top Priority for G8 Leaders
May 18 2012 // Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the common...
Court Bans Microsoft’s Xbox 360, Windows 7 from German Market
May 3 2012 // A court in Mannheim, Germany ruled on Wednesday that Microsoft infringed Motorola Mobility’s patents and ordered Microsoft to remove its Xbox 360 gaming consoles and Windows 7 operating system software from the...
Appeals Court Hears Fraud Claim Against Goldman, TCW Over CDOs
Apr 2 2012 // A U.S. appeals court was asked on Friday to decide whether Goldman Sachs Group Inc. and TCW Asset Management Co. should have foreseen the housing market implosion that caused a $37 million loss for German state-owned...
Best Affirms Ratings of HDI Hftp. der Deutschen Industrie, Talanx AG
Feb 17 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Germany’s HDI Haftpflichtverband...
Best Affirms HDI-Gerling Industrie Versicherung AG, and Subs Ratings
Feb 17 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Germany’s HDI-Gerling Industrie...
PIP Breast Implant Scandal Exposes Weaknesses in EU Safety Net
Feb 3 2012 // In June 2000, when American medical regulators posted a warning letter on the Internet about problems at a breast-implant maker in southern France, French authorities didn’t pay much attention. A U.S. Food and Drug...
Euro Zone Ministers Reject Private Bondholders’ Offer on Greek Bonds
Jan 24 2012 // Euro zone finance ministers on Monday rejected as insufficient an offer made by private bondholders to help restructure Greece’s debts, sending negotiators back to the drawing board and raising the threat of Greek...
Markel Enters Germany Through Joint Venture with Anglo Underwriting
Jan 23 2012 // Markel International has made a move to start writing business in Germany through a joint venture with Anglo Underwriting. With Markel’s support, Anglo’s primary focus will be to increase opportunities in...
Allianz Ready to Convert Commerzbank Non-voting Stake Say Sources
Jan 11 2012 // German insurer Allianz is ready to adjust its €750 million [$952 million] non-voting capital stake in Commerzbank to help the German lender strengthen its balance sheet, two sources familiar with the talks between the...
Windstorm Andrea, First of 2012, Causes Damage in Europe: AIR Report
Jan 9 2012 // According to catastrophe modeling firm AIR Worldwide, Windstorm Andrea passed through the U.K. earlier this week, fast on the heels of Windstorm Ulli, which brought widespread travel and power disruptions to Scotland. The...
California Arson Suspect Also Faces German Fire Probe
Jan 6 2012 // The man who allegedly ignited more than 50 fires that terrorized Los Angeles last week is also under investigation in Germany for a house fire near Frankfurt. U.S. investigators also disclosed that a search of Harry...
AXA, Japan Post Top Best’s List of World’s Largest Insurers
Jan 4 2012 // France’s AXA S.A. has again topped the list of the world’s 25 largest insurance companies, based on premiums written, compiled by A.M. Best. The lists, which were compiled both on asset value and on net...
Connecticut, German Regulators Sign Cooperation Agreement
Dec 22 2011 // Connecticut Insurance Commissioner Thomas Leonardi announced this week that the Connecticut’s insurance department entered into its third cooperative agreement with a European financial regulator — the second...
Europe Moves Ahead with Fiscal Union; UK Isolated
Dec 9 2011 // Europe divided on Friday in a historic rift over building a fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to move ahead with a separate treaty, leaving Britain...
