Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Berkshire Hathaway Specialty Insurance Opens Third Office in Germany
Nov 12 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded in Germany, opening a new office in Frankfurt. The company already has offices in Cologne and Munich. “BHSI is committed to building long-term...
Greenpeace Germany Sues Volkswagen, Demands Tougher Climate Measures
Nov 9 2021 // Environmental activist Clara Mayer and the heads of Greenpeace Germany have sued Volkswagen in German court, the NGO said on Tuesday, accusing the automaker of failing to do its part to combat climate change. The claimants...
Swiss Re-Backed Getsafe Gets German Insurance License, Permitting Europe Expansion
Oct 25 2021 // Digital insurer Getsafe has received its insurance license from Germany’s financial regulator, BaFin. The license will allow Getsafe to accelerate its expansion to the rest of Europe. “The license is a...
Munich Re, Hannover Re Expect Rising Prices After Floods in Germany
Oct 18 2021 // German reinsurance companies Munich Re and Hannover Rueck said on Monday they expect rising prices for their business in Europe next year, citing mid-July floods in central Europe, inflation and the coronavirus...
German Insurtech Getsafe Raises Another $63M for Full Insurance License
Oct 8 2021 // Getsafe, a digital MGA based in Germany, raised another $63 million in funds, with plans to use the added cash to fund its own insurance license by the end of 2021 and accelerate its European expansion. A number of new...
Analysis of German Activists’ Climate Lawsuit Against BMW and Daimler
Sep 21 2021 // BERLIN – German activists have filed a lawsuit against automakers BMW and Daimler for refusing to tighten carbon emissions goals, the first time German citizens have sued private companies for exacerbating climate...
People Moves: AXA XL’s Harth to Liberty Specialty in Germany; Amwins Global Hires Ed Broking’s Keenan for Construction & Engineering; Marsh’s Tigleanu to Lockton Re Cyber
Sep 21 2021 // This edition of International People Moves details appointments at Liberty Specialty Markets, Amwins Global Risks and Lockton Re. A summary of these new hires follows here. Liberty Specialty Markets Appoints AXA XL’s...
Germany’s Allianz Facing U.S. Justice Probe of Fund Managers, Investors’ $6B Lawsuit
Sep 10 2021 // FRANKFURT/WASHINGTON — The U.S. Department of Justice (DOJ) investigation into German insurer Allianz is looking at possible misconduct by fund managers and misrepresentation of risk to investors, three people with...
German Regulators Begin Investigation Into Allianz U.S. Investment Funds
Sep 7 2021 // German regulators have launched an investigation into the country’s biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, people with direct knowledge of the matter told...
German Climate Groups Plan Legal Action Against Automakers, Wintershall
Sep 7 2021 // Greenpeace and German environmental NGO Deutsche Umwelthilfe (DUH) will take legal action against BMW, Daimler’s Mercedes-Benz , Volkswagen and gas and oil firm Wintershall Dea over their impact on climate change,...
German Insurers’ 2021 Claims Could Reach €11.5B ($13.6B) After Floods, Hail
Sep 2 2021 // German insurers face claims of about 11.5 billion euros ($13.6 billion) in 2021 after extensive flooding and hail storms, Germany’s insurance lobby GDV said on Thursday. It could be the most expensive year for...
German Labor Chief Says Employers Can’t Ask About Employees’ Vaccine Status
Sep 1 2021 // German companies will not be granted the right to find out whether their employees are vaccinated against COVID-19, although provisions could be made for some particularly risky workplaces, the labor minister said on...
Insured Damage From Germany’s Deadly July Floods Estimated at €7B ($8.2B)
Aug 27 2021 // Devastating floods in western Germany last month likely caused insured damage to the tune of about 7 billion euros ($8.2 billion), an insurance industry group said Wednesday, significantly increasing its previous...
Cyber Attacks Make Working From Home Costly for German Businesses: Report
Aug 24 2021 // Working from home during the pandemic cost German companies some 53 billion euros ($62 billion) worth of damages from cyber attacks, according to estimates by the Cologne Institute for Economic Research. Overall damages...
Climate Change Exacerbated Germany’s Deadly Floods: Report
Aug 24 2021 // The heavy rains and floods that killed at least 220 people in Belgium and Germany this summer were made more likely and more intense by climate change. These are the conclusions of a rapid attribution report put together...
German, Chinese Insurers Face Record Disaster Claims as Extreme Weather Intensifies
Aug 12 2021 // Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential losses of $6.5 billion and $1.7 billion, respectively, according to Aon’s...
Insured Losses from July Floods in Germany Could Approach $6B: AIR Worldwide
Jul 28 2021 // AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6 billion). Low pressure system “Bernd” parked itself over central...
Germany’s Floods Will See ‘Sizable’ Protection Gap. Could Insurance Demand Increase?
Jul 22 2021 // With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany’s recent floods are likely to be significantly higher, which highlights a sizable insurance...
German Floods Will Be Expensive but Unlikely to Burn Through Insurers’ Earnings: Fitch
Jul 20 2021 // The recent severe floods in Germany could add up to 5 percentage points to German non-life insurers’ net combined ratios (net claims and expenses to net premiums), according to Fitch Ratings. The insured losses are...
Germany Reels from Flood ‘Catastrophe’; Insurers Expect Costly Claims for 2021
Jul 16 2021 // Chancellor Angela Merkel pledged swift help backed by “all the power of the state” for people affected by devastating flooding in western Germany, where at least 42 people have died and dozens are...
