Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
EU, IMF Agree on $147 Billion Greece Bailout; PM Warns of ‘Sacrifices’
May 3 2010 // European finance ministers triggered a record €110 billion ($147 billion) bailout for debt-stricken Greece on Sunday, May 2, when Athens committed itself to years of painful austerity. After weeks of tough talk and...
Flights Pick Up in Europe As Ash Risk Is Lowered
Apr 21 2010 // European airports started to return to life on Tuesday after five days cut off from the rest of the world by a volcanic ash cloud, but some countries were more cautious after reports a new cloud might be on its way. The...
AIR Estimates Windstorm Xynthia Insured Losses at $2 to $4.1 Billion
Mar 3 2010 // Catastrophe risk modeling firm AIR Worldwide has estimated that insured losses in France, Belgium, Germany, and Netherlands from winter storm Xynthia will be between €1.5 billion and €3 billion [$2 to $4.1...
Windstorm Xynthia Leaves a Trail of Destruction; RMS Analysis
Mar 2 2010 // Windstorm Xynthia, which swept across Western Europe on Saturday and Sunday, [See IJ web site – https://www.insurancejournal.com/news/international/2010/03/01/107736.htm] left a lot of damage in its wake. The storm...
Ratings Recap: AIA/AIAB, SOVAG, Coface, PhilNaRe, Generali Rueck
Mar 2 2010 // Standard & Poor’s Ratings Services has placed its ‘A+’ counterparty credit and financial strength ratings on American International Assurance Co. Ltd. (AIA) and American International Assurance Co....
Germany’s Munich Re and Allianz to Wind Down Business in Iran
Feb 19 2010 // Germany’s Munich Re and Allianz halted all remaining insurance business in Iran as their national representative body said it backed international moves toward tougher sanctions against Tehran. Against a backdrop of...
Melody to Head New Barney & Barney European Office in Germany
Feb 3 2010 // San Diego-based Barney & Barney LLC, one of the U.S.40 largest insurance brokerages, has announced the creation of a new international position it has established in Stuttgart, Germany. Client Executive Bevin Melody...
Ratings Recap: WUEBA (Chartis), Solid, West of England Club, Coface, InterGlobal
Dec 11 2009 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb” of German insurer Wuerttembergische und Badische Versicherungs-AG (WUEBA) and...
Armistice Day Commemorations in Europe Promise ‘Never Again’
Nov 11 2009 // The ceremonies commemorating the end of the First World War, 91 years ago today, took on a special significance this time. They are remarkably uniform throughout Europe. Each of the nations involved in that murderous...
Ratings Roundup: Harbor Point Re, Travelers (UK), Sovag
Nov 4 2009 // Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based reinsurer Harbor Point Re Ltd. and its U.S.-based subsidiary Harbor Point Reinsurance U.S. Inc. to stable from negative. S&P also...
German Research Institution Joins Willis Nat Cat Research Network
Oct 27 2009 // The Willis Research Network (WRN), part of Willis Group Holdings Limited, announced that a prestigious German institution has joined the WRN, thus enhancing its capabilities in Europe. The newest member is the Center for...
Best Affirms Allianz Global Corporate and Specialty ‘A+’ Ratings
Oct 27 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of Germany’s Allianz Global Corporate & Specialty AG (AGCS...
Ratings Recap: Accident & General, Inbursa, Swiss Re Frankona
Sep 29 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Accident & General Insurance Company Ltd. (AGI) of the Cayman...
Best Affirms HDI-Gerling Ratings; Revises Outlook to Stable
Sep 25 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of German insurer HDI-Gerling Industrie Versicherung AG. Best also...
U.S. Courts Rejects California Law on Insurance Claims for Armenians
Aug 24 2009 // A federal appeals court invalidated a California law Thursday that allowed heirs of Armenians killed in the Turkish Ottoman Empire nearly a century ago to seek payment on the life insurance policies of dead relatives. The...
Argo Appoints 3 Executives
Jul 13 2009 // The Bermuda-based Argo Group International Holdings, Ltd. Has announced three executive appointments: — Kevin D. Silva as senior vice president of human resources, — Bernhard H. Scheifele as chief risk officer,...
Florida, German Insurance Regulators Sign Cooperation Pact
Jun 22 2009 // Florida Insurance Commissioner Kevin McCarty announced that the Office of Insurance Regulation and the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) have agreed to work together on sharing and...
Steiff Worker Files $80M Sexual Harassment Suit
Jun 10 2009 // A marketing executive for the German toy maker Steiff filed an $80 million lawsuit Monday accusing the company’s CEO of raping her in a car during a yearslong campaign of unwelcome advances. Jane Collins’...
Guy Carp Report Details EU Developments Affecting Insurance
Jun 9 2009 // Guy Carpenter & Company has published the latest installment in its series of updates on key legislative and legal developments impacting insurers and reinsurers in Continental Europe. The briefing addresses the...
France, Germany Urge More Flexible Climate Pact
May 26 2009 // France and Germany suggested on Monday that rich nations should collectively guarantee deep cuts in greenhouse gases by 2020 while giving flexibility to laggards such as the United States to catch up later. France said the...
