Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Europe’s Fleet Vehicle Market Valued at $23 Billion
Oct 18 2011 // New research by Finaccord, a specialist market research consulting firm, estimates that the market for motor insurance for fleet vehicles across ten European countries is worth €15.8 billion [$21.77 billion] in premiums...
U.S. SEC to Limit Charges Against Allianz
Oct 17 2011 // The U.S. Securities and Exchange Commission does not plan to charge Allianz SE for illegal activity at its private equity investments, according to two people familiar with the matter, in a case that could have tested the...
Ratings: RetailFirst, ANICO, Mariah Re, German Mutual, Centurion, Mt. Morris
Oct 12 2011 // A.M. Best Co. has assigned a financial strength rating of ‘B++’ (Good) and issuer credit ratings of “bbb+” to RetailFirst Insurance Company and BusinessFirst Insurance Company, collectively referred...
Tennessee’s Dollywood Sues German Builder Over Ride Malfunction
Oct 6 2011 // The Dollywood theme park in East Tennessee has filed a $500,000 lawsuit against a German company over a ride that park officials claim has malfunctioned. The suit, in Sevier County Circuit Court, claims the Timber Tower...
JPMorgan, BofA Sued Over Mortgage Debt Losses
Oct 3 2011 // JPMorgan Chase & Co. and Bank of America Corp. were hit with new lawsuits by investors claiming losses on $4.5 billion of soured mortgage debt, adding to litigation targeting the two largest U.S. banks. The plaintiff...
LG Seeks Ban on BMW, Audi Sales in Korea over Osram Lighting Products
Sep 28 2011 // LG Electronics filed a suit in South Korea, seeking a ban on the sale of BMW and Audi cars, expanding its legal battle over lighting-product patents with Siemens unit Osram to automakers. The sales injunction request filed...
UK Travel Insurer Columbus Direct Expands into German Market
Aug 26 2011 // UK travel insurer Columbus Direct, which is part of the Collinson Insurance Group, announced the expansion of its range of low cost travel products into the German market. The bulletin said a “range of travel...
Official Says Germany Wants Armed Guards on Europe Ships
Aug 23 2011 // Germany plans to lobby other European Union countries to allow the deployment of private armed guards on their merchant ships in high-risk areas as a piracy crisis escalates, ministry officials said. But analysts said the...
Sarkozy, Merkel Push Euro Integration; No Joint Bonds
Aug 17 2011 // France and Germany unveiled far-reaching plans for closer euro zone integration on Tuesday, but they disappointed investors by declaring that any thoughts of a common euro bond issuance would have to wait. Under heavy...
Sarkozy & Merkel Face ‘Stark Choice’ in Euro Zone Talks
Aug 16 2011 // The leaders of France and Germany face a stark choice in talks on Tuesday over whether to begin steering the embattled euro zone towards closer fiscal union or risk watching the bloc unravel. French President Nicolas...
Europe’s Banks, Insurers Take Greek Debt Hit in Stride
Jul 22 2011 // Major European banks have limited their losses on Greek bonds to just over €5 billion [$7.2 billion] after negotiating a 21 percent haircut on their debt holdings as part of a rescue plan. France’s BNP Paribas is...
XL Insurance Strengthens International Property Business
Jul 19 2011 // XL Insurance, the global insurance operations of XL Group, announced changes in its International Property business, which it said are “in line with XL Insurance’s strategy of providing innovative solutions...
Best Affirms SOVAG’s Ratings; Outlook Stable
Jul 18 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating of “bbb” of Germany’s SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG, both...
Allianz: Investors Should Forgive 25-30% of Greek Debt
Jul 18 2011 // German insurer Allianz , owner of the world’s largest bond investor Pimco, favors private investors writing off 25-30 percent of Greece’s debt, company managers were on Monday quoted as saying. Three weeks of...
Head of S&P Germany Rejects Euro Zone Criticism
Jul 14 2011 // Standard & Poor’s hit back at criticism over the credit rating agencies’ role in the euro zone debt crisis on Thursday, with its German operations head saying rating agencies would lose credibility if they...
Europe at Impasse on Greece, IMF Backs Investor Role
Jul 14 2011 // The International Monetary Fund joined Germany on Wednesday in pushing for private sector investors [presumably including the EU’s insurers] to help cut Greece’s debt mountain as the euro zone sought to break...
Europe Considers Greek Default Possible; Leaders to Meet
Jul 12 2011 // European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some form of Greek default may be needed to cut Athens’ debts and stop contagion to Italy and...
Japan’s Nippon Life to Invest in Germany’s Allianz
Jul 5 2011 // Privately held Nippon Life Insurance Co. said on Tuesday it will invest 500 million euros ($709 million) in Germany’s Allianz Se , amid an overseas push by Japanese insurers as their traditional life insurance market...
Europe Seeks to Get Insurers, Banks on Board Greek Bailout
Jun 22 2011 // European governments are trying to persuade banks and insurers to share the pain of a second Greek bailout package, in an attempt to avoid market meltdown while keeping taxpayers happy. Talks between governments and...
European Central Bank Head Warns of Widening Global Imbalances
Jun 20 2011 // European Central Bank President Jean-Claude Trichet on Sunday raised concerns about widening global imbalances after the financial crisis, calling them one of the main challenges for the global economy. Global imbalances...
