Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Ratings Recap: BluePoint Re, Channel Re, RAM Re, Assured Guaranty, Steamship Mutual, Hannover Ltd., ARAG
Feb 19 2008 // Standard & Poor’s Ratings Services has placed its ‘AA’ rating on BluePoint Re Ltd., its ‘AAA’ rating on Channel Reinsurance Ltd., and its ‘AAA’ rating on RAM Reinsurance Co....
Baloise and Gothaer in Merger Talks on German Insurance Operations
Feb 1 2008 // The Baloise Group and Gothaer Versicherungsbank VVaG are negotiating about a strategic partnership and a merger of their German insurance activities. A letter of intent has been signed, the companeis said. Both companies...
Munich Re Expects $5.77 Billion 2007 Profit
Jan 30 2008 // The Munich Re Group announced that it expects a record profit for 2007 of €3.9 billion ($5.77 billion) on the basis of preliminary figures. The amount exceeds the profit guidance of €3.5-3.8 billion ($5.18 to $5.62...
Ratings Recap: National Grid, HDI (Belgium), HDI (Germany), HDI (Italy)
Dec 19 2007 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of National Grid Insurance Company Ltd. (NGICL), which is based on the Isle of Man, a...
Ratings Recap: Temple, Munich Re, ERGO, Ecclesiastical, Ansvar, Unipol, Paris Re
Dec 14 2007 // A.M. Best Co. has assigned an issuer credit rating (ICR) of “a+” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Canada’s Temple Insurance Company; has revised its...
Munich Re’s ERGO in Joint Venture with Indian Insurer HDFC Ltd.
Nov 2 2007 // In a joint statement Indian housing finance pioneer HDFC Ltd. and Germany’s ERGO (Munich Re’s primary insurance division) announced that they have agreed to form a general insurance joint venture. The...
Prospects and pitfalls in a changing global insurance world
Sep 24 2007 // The ‘rest of the world’ offers new opportunities for growth, but not without risk No European City has recently changed as much as Berlin (with the possible exception of Dublin). Since the fall of the wall in...
Prospects and pitfalls in a changing global insurance world
Sep 24 2007 // No European city has recently changed as much as Berlin (with the possible exception of Dublin). Since the fall of the wall in 1989, its 3.4 million residents have experienced an unprecedented building boom, as the German...
Best Affirms Munich Re ‘A+’ Ratings; Outlook Raised to Stable
Sep 10 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of Germany’s Munich Reinsurance Company and its rated...
Zurich Launches New Direct Insurance Offering in Germany
Aug 21 2007 // The Zurich Financial Services Group has launched a new pan-European direct insurance offering “Zurich Connect,” in Germany. The initiative is “part of a European-wide roll out” that provides...
Allianz Sells Property Portfolio to IVG
Aug 14 2007 // Germany’s Allianz announced that it has “sold a portfolio of German property to IVG Immobilien AG for around €1.3 billion [$1.765 billion]. The portfolio comprises several buildings currently occupied by...
AIG to Acquire German Insurer, Wuba
Aug 10 2007 // American International Group, Inc. (AIG) reports it is stepping up its presence in the German insurance market by acquiring a German insurer that offers coverage for small and medium firms. A subsidiary of AIG is acquiring...
Ratings Recap; OIL; Talanx; HDI; Trust; AUGI; Fuji Fire, Pioneer (NZ)
Jul 13 2007 // Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Oil Insurance Ltd. (OIL) and removed them from CreditWatch with negative implications,...
RMS Releases New European Earthquake Model
Jun 28 2007 // Risk Management Solutions has launched an extensive new model for earthquake risk in Europe, which it believes is the “most comprehensive model of its type.” It covers Austria, Belgium, Germany, Italy and...
Watson Wyatt to Team up with German Consultant
Jun 15 2007 // Global consulting firm Watson Wyatt Worldwide announced plans to conclude a “strategic alliance” with German consultants Institut fur Finanz- und Aktuarwissenschaften (ifa), effective January 1,...
Calif. Signs Operating Agreement with German Insurance Department
Jun 12 2007 // California Insurance Commissioner Steve Poizner signed a memorandum of understanding (MOU) with the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), the regulatory and supervisory body for all insurance business...
German Chancellor to Make Climate Protection Top G-8 Priority
Jun 4 2007 // Climate protection is a top priority for German Chancellor Angela Merkel at next week’s G-8 summit, but she said in an interview released Sunday she was skeptical that the world’s industrial leaders would agree...
Study: Financial Executives Expect Business Risks to Persist, Intensify
May 18 2007 // Financial executives at the world’s largest companies expect the severity of their most prevalent business risks to remain constant or intensify through 2009, according to the “Managing Business Risk Through...
S&P Reports Warns German Insurers of ‘Winds Of Industry Change’
May 11 2007 // Standard & Poor’s has issued a report – “Insurance Industry Risk Analysis: Clear Skies Belie A Brewing Storm As German Insurers Need To Prepare For Regulatory Reform & A Cyclical...
Best Assigns ‘A-‘ Ratings to German Insurer WuerttVers
Mar 30 2007 // A.M. Best Co. has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to German insurer Wuerttembergische Versicherung AG (WuerttVers) with a stable...
