Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
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...
Germany Says Beansprouts May be Cause of E.coli Infections
Jun 6 2011 // German-grown beansprouts could be the source of the deadly E.coli outbreak that has killed 22 people, made more than 2,000 ill and struck fear into consumers across Europe, officials said on Sunday. The Lower Saxony state...
Europe’s Lethal E.coli Strain May be Deadliest Yet
Jun 3 2011 // More than 1,600 people have been infected by a toxic strain of E.coli bacteria that has killed at least 17 and may be the deadliest yet in human history, health officials said on Friday. Germany is at the center of the...
Russia Bans EU Vegetables Due to E.coli Fears
Jun 2 2011 // Russia banned imports of raw vegetables from the European Union on Thursday because of a deadly E.coli outbreak centered in Germany, Russian media cited the head of the consumer protection agency as saying. “A ban on...
Virulent German E.coli Outbreak Death Toll Rises
May 31 2011 // A virulent form of E.coli bacteria blamed on infected cucumbers from Spain has killed 13 people in Germany and sickened 300, health officials said on Sunday while warning people not to eat suspect vegetables. European...
German Insurer Organized Orgy for Best Salesmen
May 23 2011 // A German insurance company says it organized an orgy with prostitutes in a renowned Hungarian spa to reward its best salesmen. A spokesman for Ergo insurance said one of its subsidiaries had organized the party in...
Finaccord Forecasts Growth for Europe Professional Indemnity Coverage
May 18 2011 // A new study from financial market research consultants Finaccord forecasts that the market for professional indemnity insurance across ten European countries – Belgium, France, Germany, Italy, Netherlands, Poland,...
Happy 100th Birthday Workers’ Compensation: The Great Tradeoff!
Mar 23 2011 // Happy 100th Birthday Workers’ Compensation: Now What ? This year marks the 100th anniversary of the workers’ compensation system in the U.S. As Christopher Boggs, director of Education for Insurance...
Holocaust Survivors Want U.S. to Push European Insurers on Payments
Mar 2 2011 // Aging survivors of the Nazi Holocaust plan to protest outside a political fundraiser in Miami Beach featuring President Barack Obama this week to publicize their struggle to collect what they say is $20 billion in Jewish...
Workers’ Compensation History: The Great Tradeoff!
Feb 21 2011 // Pirates of the 18th century and a 19th century German “Iron” Chancellor preceded the United States in the creation of a social system for the protection of injured workers. The modern U.S. workers’...
Alarming Array of Risks Faces World Leaders in Davos
Jan 25 2011 // World leaders and top executives have plenty of crises to discuss this year. Ballooning European government debt, rising inflation, fears of trade and currency wars, spiraling food prices and lingering problems in the...
Firms Vulnerable In Corrupt Practices Crackdown
Jan 19 2011 // Authorities have been escalating their campaign against corruption in the last few years, resulting in a sharp spike in enforcement actions in the United States and the enactment of a new anti-bribery law in the United...
Munich Re Invests $3.31 Billion in German Wind Power Plants
Dec 30 2010 // Munich Re, via its asset manager MEAG, has concluded a significant investment deal involving wind power plants in Germany. It announced that as of the first of the year, “the Group is acquiring 40 wind turbines in a...
