Latest Germany Headlines

Guy Carpenter Unveils 2005 Central, Eastern Europe Flood Report

Dec 28 2005 // Guy Carpenter & Company Ltd. reported the release of European Flood Report 2005 – Central and Eastern Europe, a detailed summary and review of 2005 Central and Eastern European flood activity. The report,...

Best Assigns ‘B++’/’bbb’ Ratings to Germany’s WUBA

Nov 24 2005 // A.M. Best Co. announced that it has assigned a financial strength rating of “B++” (Very Good) and an issuer credit rating of “bbb” to German insurer Württembergische und Badische Versicherungs-AG...

S&P Puts Allianz Subs on CreditWatch/Positive Following Consolidation Plan

Nov 23 2005 // Standard & Poor’s Ratings Services announced that it has “placed its ‘A-‘ counterparty credit and insurer financial strength ratings on Germany-based property/casualty insurer Allianz Marine...

S&P Raises Ratings on German Insurer VHF to “A”; Off CreditWatch

Nov 22 2005 // Standard & Poor’s Rating Services announced that it has “raised to ‘A’ from ‘A-‘ its long-term counterparty credit and insurer financial strength rating on Germany-based car and...

Talanx in Talks to Acquire Gerling’s Primary Operations; S&P, Best Place Ratings Under Review

Nov 9 2005 // Germany’s Talanx AG, which among other interests holds a 51 percent stake in Hannover Re (and consequently Clarendon in the U.S.), is currently in “advanced talks” to acquire the Gerling Group’s...

Allianz Offers $7 Billion for Remaining RAS Shares; Plans Restructuring

Sep 13 2005 // Germany’s Allianz AG announced an offer to shareholders of Riunione Adriatica di Sicurtà (RAS) S.p.A for the approximately 45 percent of the shares it doesn’t already own. At 19 euros ($23.35) per share that...

Sep 5 2005 // Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions...

International Newsbriefs

Sep 5 2005 // Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions...

Best Affirms Gerling, U.S. Sub Ratings

Aug 18 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Germany’s Gerling-Konzern Allgemeine Versicherungs-Aktiengesellschaft (GKA) and its U.S. subsidiary, the...

Best Assigns HDI Sub ‘A’ Ratings

Aug 11 2005 // A.M. Best Co. announced that it has assigned a financial strength rating of “A” (Excellent) and an issuer credit rating of “a” to Germany’s HDI Industrie Versicherung AG (HDI Industrie) with a...

Multi-Nation Report Finds Terror Insurance Lacking; Private Markets’ Coverage Not Enough

Jul 5 2005 // Days after the U.S. Treasury issued its report downplaying the need for renewal of a federal terrorism risk reinsurance program, an organization of 30 democratic countries including the U.S. has warned of shortfalls in...

S&P Raises VHV Ratings to ‘A’

Jun 30 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings to “A” from “A-” on VHV Vereinigte Hannoversche...

GE Solutions Publishes Study of German Reinsurance Market

Jun 8 2005 // GE Insurance Solutions and the Institute of Insurance Economics of Switzerland’s University of St. Gallen have issued a joint study of the German reinsurance market from the point of view of the buyer, the primary...

Best Affirms German Insurer SOVAG’s ‘B++’ Rating

May 9 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of German insurer SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG (Sovag), with a stable...

European Nations Offer Lessons in Insuring Catastrophes and Terrorism

Apr 18 2005 // GAO Study Explores Examples of How Public-Private Insurance Partnerships Operate A new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government...

S&P Sees No Effect on Ratings of German Companies Charged with Anti-Trust Violations

Apr 1 2005 // Standard & Poor’s Ratings Services announced that it is “not considering rating actions on the eight rated companies out of the currently ten on which the German antitrust authority (Bundeskartellamt)...

New GAO Study: U.S. Needs Government Help to Insure for Catastrophes and Terrorism

Mar 31 2005 // A new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government intervention if there were a major terrorist or catastrophic event or series of...

German Cartel Office Levies Fines on 10 Insurers for Price Fixing

Mar 24 2005 // According to news reports, from the Associated Press, Reuters and other sources, Germany’s Cartel Office has levied fines totaling 130 million euros ($170 million) against 10 companies charged with having colluded to...

Washington Bill Asks Insurers to Consider Dogs’ Deeds, not their Breeds

Mar 18 2005 // The only problem Dee Robison has with her favorite Doberman pinscher, Darby, is that the 90-pound pooch gets a little jealous when she turns her attention toward the television. “He’ll just stand there with his...

Allianz Investigates Consequences of Climate Change

Mar 14 2005 // The Web site of Germany’s Allianz (http://www.allianz.com/) features an interview with two of the company’s climate experts, Matthias Klawa of Allianz Reinsurance and Olav Bogenrieder of Allianz Versicherung,...