Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Audi Cars in China Recalled Over Airbags From German Supplier
Oct 29 2014 // FAW-Volkswagen Automobile Ltd, a Chinese joint venture of Volkswagen AG, will recall 270,635 Audi cars in China due to an air bag software issue, China’s quality watchdog said. A spokeswoman at Audi China said the...
Swiss Re Corporate Solutions Opens Frankfurt Office
Oct 27 2014 // Swiss Re Corporate Solutions opens an office in Frankfurt, Germany, to reinforce its presence in the German commercial insurance market. The office will initially focus on property and surety products for corporations in...
Hannover Re Sees Storm Losses Stabilizing Reinsurance Prices in Germany
Oct 21 2014 // Hannover Re, the world’s third- largest reinsurer, expects more than 5 billion euros ($6.4 billion) in losses from two storms to sustain prices for coverage in Germany. “Heavy loss expenditures, especially in...
German and French Insurance Markets Show Resilience
Oct 16 2014 // Despite varying internal pressures, the German and French insurance markets have shown resilience in their respective ways, according to two separate reports issued by A.M. Best. While Germany’s economy is among the...
Oktoberfest Insurance App Highlights German Digital Trend
Sep 29 2014 // For some, being prepared for Oktoberfest means downloading an app that points you to the nearest restroom or helps you decipher Bavarian dialect. A novelty at this year’s event is an online casualty insurance with...
Talanx to Shift Investments to Non-Euro Countries
Sep 29 2014 // Talanx AG, Germany’s third-biggest insurer, plans to shift investment to countries outside the euro region as monetary policy measures erode returns on assets in the currency union. “Generally speaking,...
Next up to Test Self-driving Cars on California Roads: Mercedes-Benz
Sep 18 2014 // Mercedes-Benz has followed Volkswagen AG’s Audi unit in getting a license to test self- driving vehicles on California roads as the luxury-car makers vie for a market predicted to grow to $87 billion by...
Uber Wins Reversal of Germany’s Ban on Ridesharing App for Now
Sep 16 2014 // Uber Technologies Inc. won the reversal of a nationwide ban in Germany of the company’s ride-hailing app after judges said a group of taxi dispatchers improperly used emergency procedures to obtain the initial court...
Guy Carpenter Launches Probabilistic European Hail Model
Sep 5 2014 // Guy Carpenter & Company, LLC, the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Companies, announced the launch of its new probabilistic hail model for Europe. The bulletin...
Hacking Risk and Liability Issues Don’t Deter Makers of Driverless Cars
Sep 4 2014 // A red VW Golf jerks back and forth as it maneuvers into a parking space in the English spa town of Cheltenham. The halting efforts resemble those of a new driver, and in a sense they are — just not from the person...
German Insurers Weigh Funding to Plug Merkel Infrastructure Gap
Aug 27 2014 // Germany’s insurers said they may back a government call to invest in infrastructure to help cover an annual €7 billion ($9.23 billion) taxpayer shortfall to repair roads and bridges. The GDV, the Berlin-based group...
Swiss Re Corporate Solutions Names Linder Country Manager Germany
Aug 25 2014 // Swiss Re Corporate Solutions announce the appointment of Kuno Linder as Country Manager Germany. He will be based in Munich and be in charge of the company’s interests in the German commercial insurance market,...
Berlin Bans Car Service Uber; Insurance Concerns Cited
Aug 18 2014 // Berlin has banned car service Uber, which allows users to summon a ride on their smartphone, for not offering drivers and vehicles licensed to carry passengers, or full insurance cover, the German capital said. The ban...
Talanx Quarterly Profit Falls 19% on Lower Investment Income
Aug 14 2014 // Talanx AG, Germany’s third-biggest insurer, said second-quarter profit dropped 19 percent on lower investment income. Net income declined to €165 million ($220 million) from €204 million [$272.6 million] a year...
Direct Line in Talks to Sell Italy, Germany Units; Shares Surge
Aug 1 2014 // Direct Line Insurance Group Plc, the U.K.’s biggest home and motor insurer, said it was in talks to sell its units in Germany and Italy. The shares climbed the most since its initial public offering in October...
Allianz Poised to Reappoint Diekmann as CEO, but Considering Successors
Aug 1 2014 // Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe’s largest insurer expands its global presence or returns more cash...
Allianz Deutschland CEO Riess Sees No Need for Fresh German Cost-Cutting Plan
Jul 16 2014 // The German unit of Allianz SE, Europe’s biggest insurer, sees no need to follow up on a cost-cutting program in its non-life business that has dragged on three years. “We have achieved a lot; now it’s...
Lloyd’s Comments on its World Cup Predictions; Saw Germany as Winner
Jul 15 2014 // A bulletin on the Lloyd’s website asks “how did our insurable value measures fare as predictors of success on the pitch,” following the conclusion of the World Cup in Brazil? Lloyd’s said its...
Allianz Says Investments in Roads, Grids Lack Political Support
Jul 10 2014 // Allianz SE said a lack of political support prevents investors from contributing more money to infrastructure projects such as roads or power and gas grids. “Politicians are still convinced infrastructure has to be...
Aon Benfield June Global, U.S. Cat Report: Thunderstorms, Hail, Floods
Jul 7 2014 // The Global Catastrophe Recap report for June from Aon Benfield’s Impact Forecasting highlights the outbreak of severe thunderstorms that affected Western and Central Europe during the first half of the month, causing...
