Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
How One German Company Is Making Workplace Robots Safer for Humans
Sep 18 2017 // Two years ago, a robot crushed a 22-year-old man to death at a Volkswagen AG factory in Germany after the maintenance worker became trapped in an area usually off-bound to humans. While this type of tragedy is still...
Audi Goes Full Speed on Automated Driving, While Competitors Wary of Liability, Regulation
Sep 18 2017 // German carmaker Audi is taking a lead in bringing more automated driving to roads, but rivals seem in no rush to follow while legal and regulatory uncertainties still cloud the technology. At the Frankfurt car show, Audi...
China’s Anbang & Conglomerate HNA Eyed Buying Stakes in Allianz: Sources
Sep 6 2017 // China’s Anbang Insurance Group Co. Ltd. and HNA Group Co. Ltd. separately considered buying stakes in German insurer Allianz SE as part of plans to create a global financial empire, people with direct knowledge of...
Germany Pioneers Ethical Guidelines for Operation of Driverless Cars
Aug 25 2017 // Protecting people rather than property or animals will be the priority under pioneering new German legal guidelines for the operation of driverless cars, the transport ministry said on Wednesday [Aug. 23]. Germany is home...
European Egg Scandal Widens
Aug 14 2017 // The European Union said Friday [July 11] that it plans to hold an extraordinary meeting late next month over a growing tainted egg scandal as it revealed that products contaminated with an insecticide have now spread to 17...
European Egg Contamination Is ‘Criminal’: German Agricultural Minister
Aug 9 2017 // Germany’s agriculture minister said on Tuesday that the contamination of millions of eggs with a potentially harmful insecticide was “criminal,” as authorities in several European countries continued to...
Heavy Rains Bring Flooding to Northern Germany, Forcing Evacuations
Jul 28 2017 // Heavy rains led to flooding Wednesday in some parts of northern Germany, forcing some evacuations and prompting residents to pile sandbags in front of their homes to protect themselves from a swollen river. The center of...
Daimler Recalls More Than 3 Million Mercedes-Benz Diesel Vehicles
Jul 20 2017 // Daimler AG moved to head off a growing crisis over emissions concerns by voluntarily recalling more than 3 million Mercedes-Benz diesel vehicles in Europe, marking the latest blow to the technology since Volkswagen...
Insurance Claims from G20 Riots in Germany Could Hit $13.8 Million
Jul 19 2017 // A group representing German insurers says the rioting that accompanied the Group of 20 summit earlier this month could cost insurance companies up to 12 million euros ($13.8 million). Host city Hamburg saw three nights of...
Generali to Sell $50B German Life Business to Restructure in Europe: Sources
Jul 13 2017 // Generali has put its 44 billion euro ($50 billion) German life insurance portfolio up for sale as it restructures in Europe, sources close to the matter said. Morgan Stanley is evaluating options, including a sale, for...
Ironshore International’s M&A and Tax Insurance Unit Opens Frankfurt Office
Jul 7 2017 // Ironshore International’s Mergers & Acquisitions and Tax Insurance unit announced it has opened an office in Frankfurt, Germany, through Ironshore Agency Ltd., to expand its European presence. Ironshore M&A...
Bank of England Governor Warns Investors Failing to Consider Climate Risks
Jun 30 2017 // Bank of England Governor Mark Carney said he’s concerned investors aren’t doing enough to assess threats that global warming will have on assets they purchase. The central bank governor who also leads the...
Allianz Sells Private Bank OLB to Private Equity Firm Apollo for $336M
Jun 26 2017 // German insurer Allianz said it had agreed to sell its 90 percent stake in private bank Oldenburgische Landesbank (OLB) to U.S. private equity firm Apollo for 300 million euros ($336 million). Apollo, which is consolidating...
InsurLab Germany Launched in Cologne to Promote Insurtech Innovation
Jun 5 2017 // InsurLab Germany, a digital hub for the insurance and reinsurance industry, has been launched in Cologne to promote digital innovation in the industry. There are eight founding insurance companies: AXA, Barmenia, Debeka,...
China, EU Re-Commit to Paris Climate Agreement – Even if U.S. Withdraws
Jun 1 2017 // Chinese Premier Li Keqiang said the world’s No. 1 polluter will stick to its pledges to tackle global warming, underscoring the risk of U.S. isolation if President Donald Trump pulls out of the Paris climate...
UK Firms Choosing Luxembourg as Brexit HQ May Find Lifestyle Differences
May 22 2017 // Little Luxembourg is luring firms on the lookout for a post-Brexit foothold in the European Union, from JPMorgan Chase & Co. to insurance giant American International Group Inc. While many find the Grand Duchy a...
Markel to Set Up Munich-Based Subsidiary in Preparation for Brexit
May 18 2017 // Markel Corp. announced it plans to apply for regulatory approval to establish an insurance company in Germany to ensure that whatever the outcome of the Brexit negotiations it will be able to meet the insurance needs of...
VW Emissions Probe Results Not Published to Protect Firm from ‘Legal Risks’
May 12 2017 // Volkswagen’s board chairman has defended the decision not to publish results of the investigation it commissioned into its scandal over cars rigged to cheat on diesel emissions tests, saying it could expose the...
Yahoo Fails to Cooperate with Hack Probe, Says German Cyber Agency
May 11 2017 // Germany’s federal cyber agency said on Thursday that Yahoo Inc. had not cooperated with its investigation into a series of hacks that compromised more than one billion of the U.S. company’s email users between...
High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance
May 10 2017 // For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free...
