Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
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...
Allianz Q1 Net Income Down 15.3% to $2B – in Line with 2017 Profit Goal
May 3 2017 // German insurer Allianz is optimistic about its prospects despite a very tough business environment, the German insurer said on Wednesday as it posted a slightly better than expected first-quarter profit. “We are...
Munich Re’s New CEO Wenning to Take ‘Hard-Nosed’ Approach
Apr 28 2017 // Joachim Wenning admitted he would not be to everyone’s liking long before taking the helm of Germany’s Munich Re. That hard-nosed approach could prove valuable as the 52-year-old tackles falling profits,...
Allianz Sponsorship of Florida Golf Event Ends Amid Holocaust Survivor Protests
Apr 26 2017 // Holocaust survivors on Monday celebrated the end of German insurance giant Allianz’s sponsorship of a Florida pro golf tournament, saying it may boost efforts to collect some $2.5 billion in World War II-era policies...
China & India Lead U.S. in Renewable Energy Targets: Allianz
Apr 24 2017 // Renewable power investments will need to rapidly grow in the coming two decades to be in line with the Paris Agreement climate goals, according to the Allianz Climate & Energy Monitor Deep Dive, which aims to inform...
‘Flying Taxi’ Successfully Tested in Germany by Start-Up Lilium Jet
Apr 21 2017 // A Bavarian start-up is developing a five-seat “flying taxi” after successful test flights over Germany of a smaller version of the electric jet, the company said on Thursday. Munich-based Lilium, backed by...
Worldwide Broker Network Adds Members in Germany, Croatia
Apr 17 2017 // Worldwide Broker Network (WBN)* announced the addition of two members in Germany and Croatia, bringing the network of independent insurance brokerage and employee benefits consulting firms to 109 in 101 countries. Based on...
Miller Taps Gallagher’s Maule as Senior Trade Credit & Political Risks Broker
Apr 7 2017 // Miller has hired David Maule in a business production and senior broking role, which the London-based broker said will add “considerable strength” to its trade credit and political risks capabilities. Maule...
Initial Insured Loss Estimate for Storm Thomas Is €213M ($222.7M): PERILS
Apr 6 2017 // The initial estimate of insured property market losses for extra-tropical cyclone Thomas, which hit the British Isles, the Netherlands, Belgium and Germany on Feb. 23-24, 2017, is €213 million (US$222.7 million),...
Half of Global Insurance Premium Growth Tied to China: Allianz Research
Mar 21 2017 // Allianz Research projections show that total global premium income rose to a new record high of 3,650 billion euros ($3.9224 billion U.S. dollars) last year (excluding health insurance). In a year-on-year comparison, the...
Audi’s German Offices Raided in Ongoing Fallout from Emissions Scandal
Mar 16 2017 // Volkswagen AG’s Audi brand was raided by German prosecutors as investigations into the manipulation of diesel engines continue to weigh on the automaker more than a year after revelations of emissions cheating. More...
Smartphone-Only, Fintech Startup N26 Triples Customers Over Past Year
Mar 15 2017 // German smartphone-only bank N26 said on Wednesday the number of customers using its online accounts rose to more than 300,000, tripling in size from a year ago, as the company marks progress as a pioneer in pan-European...
UK Suspect Arrested in Deutsche Telekom Cyber Attack
Feb 24 2017 // British authorities have arrested a suspect in connection with a cyber attack that infected nearly 1 million routers used to access Deutsche Telekom’s internet service, German federal police said on...
