Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Alcohol in Any Amount Found Unsafe; Linked to 3 Million Deaths a Year: Global Study
Aug 26 2018 // A new scientific study concludes there is no safe level of drinking alcohol. The study shows that in 2016, nearly 3 million deaths globally were attributed to alcohol use, including 12 percent of deaths in males between...
S. Korean BMW Owners Asked Not to Drive Until Fire Risk Inspections Completed
Aug 15 2018 // South Korea’s government will tell owners of some BMW AG cars in the country to keep the vehicles off the roads until the German carmaker completes safety checks to address a defect after reports of nearly 40 cases...
Markel’s New German Insurer Rated ‘A’ by A.M. Best
Jul 27 2018 // Markel Corp. announced that its newly licensed German insurance company, Markel Insurance SE (MISE), has been given an “A” financial strength rating by A.M. Best. MISE has been established to meet the insurance...
Chinese Acquisitions of High-Tech Firms Pose Security Risk: German Spy Chief
Jul 25 2018 // Chancellor Angela Merkel’s top counterintelligence official said Chinese acquisitions of high-tech companies in Germany represent a potential national-security threat. The head of Germany’s top domestic...
Markel Licensed to Form Insurer in Germany, Securing Post-Brexit EU Access
Jul 20 2018 // Markel Corp. announced it has been granted a license by the German federal financial supervisory authority, BaFin, to establish an insurance company in Germany. Following Brexit, the United Kingdom’s exit from the...
Munich Re CFO Schneider to Retire, Succeeded by ERGO’s Jurecka
Jul 17 2018 // Munich Re’s Chief Financial Officer Jörg Schneider, who turns 60 this year, will retire from the Munich Re board of management at his own request on Dec. 31, 2018. The Supervisory Board of Munich Re has appointed...
German Heirs Can Access Deceased Relatives’ Facebook Accounts: Court
Jul 13 2018 // Heirs in Germany have the right to access the Facebook accounts of their deceased relatives, a court said in a landmark privacy ruling on Thursday, saying a social media account can be inherited in the same way as...
Generali Agrees to Sell German Life Unit, Valued at $1.2B, to Viridium
Jul 5 2018 // Assicurazioni Generali SpA agreed to sell almost 90 percent of its German Generali Leben unit to a company owned by Cinven Ltd. and Hannover Re in a deal that values the business at about 1 billion euros ($1.2...
Generali Likely to Start Exclusive Talks to Sell German Life Book to Viridium: Source
Jun 28 2018 // Italy’s Generali is expected to start exclusive talks shortly over the potential sale of its 40 billion euro ($48 billion) German life insurance portfolio to private equity-backed Viridium, a person close to the...
Flying Cars Soon to Be Tested in Germany
Jun 22 2018 // Germany, land of the no-holds-barred Autobahn, is pushing the next level of transportation: flying cars. Chancellor Angela Merkel’s government signed a letter of intent with executives from Volkswagen’s Audi...
With Ambitions to Expand (and Disrupt Allianz), German Insurer DFV Weighs IPO
Jun 21 2018 // With ambitions to challenge insurance giants like Allianz SE, newcomer Deutsche Familienversicherung AG [DFV] needs 100 million euros ($116 million) in fresh funds to finance its expansion plan. An initial public offering...
CEO of VW’s Audi Arrested in Germany over Emissions Cheating Scandal
Jun 18 2018 // German authorities arrested the head of Volkswagen’s luxury arm Audi on Monday, the most senior company official so far to be detained over the carmaker’s emissions test cheating scandal. Munich prosecutors,...
Germany Moves Toward U.S.-Style Class-Actions, Benefiting VW Diesel Car Litigants
Jun 15 2018 // Germany will allow interest groups to sue on behalf of consumers, taking a tentative step toward U.S.-style class-action lawsuits in a bid to make it easier to collect damages from big companies in the aftermath of...
Allianz Eyes M&A Targets Zurich, Hartford, QBE, Argo and More After Missing Out on XL
Jun 12 2018 // A $94 billion financial behemoth is keeping the market on tenterhooks about its next move. Europe’s largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential acquisition targets as...
European Insurers Bypassing U.S. Treasuries
May 29 2018 // U.S. Treasuries need to get a lot cheaper to attract some European investors. Even with yields at multi-year highs, Treasuries are paying less than their pricier German peers when European insurers account for steep...
Global Insurers Reassessing Iran Business In Light of Sanctions Threat
May 20 2018 // Global insurers are taking stock of how the U.S. withdrawal from an international agreement to deny Tehran nuclear weapons, and threatened sanctions against companies that do business with Iran, could affect...
A.M. Best Assigns Stable Outlook to Germany’s Non-Life Insurance Sector
May 17 2018 // A.M. Best has a stable outlook on the German non-life insurance sector as Germany’s robust economy continues to drive growth. According to the ratings agency, the country’s technical profitability is solid and...
UK, France, Germany Huddle on Iran Oil Tanker Insurance
May 15 2018 // If European powers are to succeed in holding together a nuclear deal with Iran that the U.S. abandoned a week ago, then one issue they’ll need to consider is the insurance of oil tankers hauling the Persian Gulf...
Nations with National Regulatory Policies Outpacing U.S. on Driverless Cars
May 15 2018 // Cars that drive themselves are finding the clearest paths to showrooms in the U.K., Germany, South Korea and Singapore, where governments have enacted legislation allowing autonomous vehicles to be tested on public roads....
German Court Approves Dashcam Evidence for Accident Claims
May 15 2018 // Germans will be able to use dashcam footage as evidence in some road accident cases following a federal supreme court ruling on Tuesday, even though it violates strict privacy rules. A German court sparked a debate in 2016...
