Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Element Re’s First Deal Covers German Rainfall Risk
May 25 2001 // Bermuda-based Element Re, a subsidiary of XL Capital, has concluded its first international deal: a policy to protect the German utility provider Elektrizitatswerk Dahlenburg AG from any adverse economic effects from...
Allianz Moves To Reduce Eon Shareholding
May 8 2001 // Germany’s Allianz AG announced that it was considering reducing its holdings, estimated to be worth around $3.8 billion, in the German power company Eon to facilitate its acquisition of British utility company...
Allianz Makes Deal to Purchase Dresdner Bank for $20.5 Billion
Apr 9 2001 // After a week of intensive negotiations, Allianz AG and Dresdner Bank, Germany’s third largest, announced on April 1 that they have agreed to join forces to create Germany’s biggest financial institution. With...
Allianz To Purchase Dresdner Bank For $20 Billion
Apr 2 2001 // After a week of intensive negotiations, Allianz AG and Dresdner Bank, announced an agreement to join forces to create the Germany’s largest financial institution. The boards of both companies approved the merger plan...
Allianz Confirms Dresdner Talks – Deutsche Bank and Commerzbank Watch and Wait
Mar 30 2001 // “Allianz and Dresdner Bank confirm strategic talks concerning the creation of a leading integrated financial services provider for insurance, investment and banking services. The talks are in an advanced stage, but...
Allianz, Munich Re Near Agreement on Bank Takeover, Share Swap
Mar 29 2001 // The German banking and insurance sector, like a volcano that has long been threatening to erupt, may finally explode this weekend. Two of the world’s largest insurance groups, Allianz AG and Munich Re are reportedly...
Allianz In Talks With Merrill Lynch
Mar 26 2001 // According to a report in Germany’ Der Spiegel Magazine, Allianz AG officials have held talks with financial giant Merrill Lynch aimed at establishing a cross selling arrangement between the two companies in the U.S....
Struggle Continues Over Payment of Holocause Claims
Mar 26 2001 // The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My...
AXA Net Operating Profit Up 21.2% At $2.07 Billion
Mar 15 2001 // France’s AXA announced results slightly above analysts’ forecasts on Wednesday, stating: “Net income rose 21.2% to an all-time high of Euro 2,261 million {$2.07 billion} from Euro 1,865 million {$1.706...
Paying for Holocaust Insurance Claims
Mar 5 2001 // The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My...
Frankel Escape Attempt As Extradition Nears
Mar 1 2001 // According to a report in the Associated Press fugitive financier Martin Frankel attempted to escape from the German prison where he is awaiting extradition to the U.S. by sawing through the bars of his cell. Alerted by a...
Concorde May Fly Again, Despite Lawsuits by Grieving Passenger Families
Feb 5 2001 // Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its...
Concorde May Fly Again, Despite Multiplying Lawsuits
Jan 29 2001 // Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its...
Judge’s Dismissal of U.S. Lawsuits Conditioned on Holocaust Payments
Dec 12 2000 // U.S. Judge Michael Mukasey ordered a conditional dismissal of lawsuits brought by Holocaust survivors and their families against several German insurers, who have failed to pay claims from Nazi-era insurance policies. The...
Allianz To Strengthen European Fund Management Business
Dec 4 2000 // A report in London’s Financial Times highlights the plans of Germany’s Allianz to increase its fund management business in Europe, as a “third pillar” to go with its life and general insurance...
Germans Agree To Frankel Extradition
Dec 4 2000 // Fugitive financier Martin Frankel’s days in Germany may be numbered. Ten days after a German court denied his appeal of his convictions for possessing false passports and diamond smuggling, German authorities have...
Frankel Loses German Appeal
Nov 23 2000 // A German Federal court denied fugitive financier Martin Frankel’s appeal of a three year sentence from his conviction on charges of smuggling diamonds and possessing false documents. Frankel, who is accused of...
Holocaust Claims: Generali To Pay $100 Million, ICHEIC Finds German Policies
Nov 17 2000 // Several important developments were reported following a recently concluded two-day meeting in Rome of the International Commission for Holocaust Era Insurance Claims (ICHEIC). Commission Chairman Lawrence Eagleburger, a...
Court OK’s Commerzbank/Generali Deal
Sep 26 2000 // A German court cleared the way for Commerzbank to strengthen its cross holdings with Italy’s largest insurer, Assicurazioni Generali, by issuing additional shares, which will double its stake in Germany’s 4th...
Generali To Increase Stake in Commerzbank
Sep 4 2000 // Italian insurance giant Generali announced that it plans to practically double its current stake in Germany’s Commerzbank, from 5.2 percent to 10 percent. The move was seen by analysts as a way of protecting the...
