Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
New York Giants, Jets Cancel Stadium Naming Talks with Allianz
Sep 16 2008 // The New York Giants and Jets have canceled negotiations on stadium naming rights with a German insurance company that once had ties to the Nazis. Allianz had been seeking a deal to put its name on the stadium being built...
Allianz Sells Dresdner to Commerzbank for $14.23 Billion
Sep 2 2008 // After weeks of speculation, Germany’s Allianz SE has announced the sale of its Dresdner Bank unit, the country’s third largest, to Commerzbank for €9.8 billion ($14.2289 billion). Allianz also said it has...
Ratings Recap: Allianz (UK), Generali (France), Generali (Germany), BEST Re
Aug 21 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa” of UK-based Allianz Insurance plc (AZI) with a stable outlook. Best stated:...
Zurich Acquires German Insurer
Jul 31 2008 // The Zurich Financial Services Group announced that its subsidiary, Zürich Beteiligungs-AG (Deutschland), has agreed to acquire 100 percent of the private accident insurer Baden-Badener Versicherung AG. Zurich said the...
Workers’ Compensation History: The Great Tradeoff!
Jul 29 2008 // Eighteenth century pirates and a nineteenth century German “Iron” Chancellor preceded the United States in the creation of a social system for the protection of injured workers. The modern workers’...
World Trade Talks Stall as Troubles Grow
Jul 29 2008 // Progress towards a global trade deal ground to a halt on Monday as the United States clashed with China and India over access to their rapidly growing markets and key European Union states demanded better...
Spain’s Santander Eyes Dresdner Bank – Sources
Jun 20 2008 // Spanish retail bank Santander is considering buying Dresdner Bank in the latest twist of Germany’s bank merger frenzy, according to people with direct knowledge of the matter. The German banking industry is the...
New York and German Regulators Sign Insurance Pact
Jun 13 2008 // Insurance officials in New York and Germany have inked a deal to work together and more closely share regulatory information. The agreement is the basis for a memorandum of understanding signed yesterday by New York...
New Round of Climate Talks Opens in Germany with Uphill Battle
Jun 3 2008 // Some 2,000 delegates from 162 countries and dozens of specialist agencies opened a two-week conference Monday to start tackling the details of a new global warming agreement slated to take effect after 2012. The meeting...
Aon Re Global Names Thofern as CEO of German Branch
May 21 2008 // Aon Re Global has named Jan-Oliver Thofern as the new CEO and Chairman of its German subsidiary, Aon Ruck, the largest reinsurance broker in the country. He was previously a member of the Company’s Executive...
Allianz in Talks on Dresdner Bank
May 21 2008 // Germany’s Allianz is in talks about the future of its Dresdner Bank unit and sees a real chance for banking consolidation in Germany, its chief executive said on Wednesday in remarks that boosted German bank...
Dresdner Posts Q1 Loss; Allianz Confirms Profit Decline
May 9 2008 // Dresdner Bank stayed in the red in the first quarter after writing down €845 million ($1.3 billion) on structured finance investments, keeping it in the spotlight as parent Allianz works to split it in two. Dresdner...
Germany Says EU Must Be Firm in WTO Talks
May 5 2008 // The European Union must be firm in World Trade Organization trade talks despite the global rise in food prices, a German official was quoted as saying on Sunday. “Due to the food crisis, we could face new...
German Environment Minister Calls Bush’s CO2 Plan ‘Neanderthal’
Apr 18 2008 // U.S. President George W. Bush’s plan to halt a rise in U.S. greenhouse gas emissions by 2025 could undermine, rather than support, efforts to combat climate change, German Environment Minister Sigmar Gabriel...
Ratings Roundup: DBV-Winterthur, Sul America, PXRE, Electro Re
Apr 7 2008 // Standard & Poor’s Ratings Services has assigned its ‘AA’ counterparty credit and insurer financial strength rating to German insurers DBV-Winterthur Lebensversicherung AG, DBV-Winterthur...
Thalidomide Victims Seek $6.3 Billion
Apr 3 2008 // Half a century after the launch of the notorious morning sickness pill thalidomide, its surviving victims are demanding €4 billion ($6.3 billion) in compensation from the German government and the drug’s maker. A...
Allianz Estimates ‘Emma’ Claims Will Exceed $300 Million
Mar 14 2008 // Germany’s Allianz reported that it now estimates that net claims before taxes caused by windstorm “Emma” will be more than €200 million ($311 million). Allianz noted: “Damages are less severe than...
Allianz to Break Up Troubled Dresdner, Source Tells Reuters
Mar 14 2008 // Allianz is preparing Dresdner Bank for a break-up and possible sale, a source told Reuters on Friday, a move that could end the marriage of the bank and insurer which many investors wished never happened. Allianz has...
AIR Estimates Emma Insured Losses at $1.15 to $2 Billion
Mar 7 2008 // AIR Worldwide’s preliminary estimates of onshore wind losses for Windstorm Emma are between €750 million and €1.3 billion ($1.15 and $2 billion), significantly higher than the insured loss estimates released by...
AIR Assesses Damages from European Windstorm Emma
Mar 4 2008 // Boston-based AIR Worldwide is assessing the damages caused by windstorm Emma, which swept across Western and Southern Germany, as well as Austria and the Czech Republic on Saturday, March 1. No damage estimates have yet...
