Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
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...
S&P Rates Germany’s ARAG ‘BBB’
Mar 22 2007 // Standard & Poor’s Ratings Services has assigned its ‘BBB’ long-term counterparty credit and insurer financial strength ratings to Germany’s insurer ARAG Allgemeine Rechtsschutz-Versicherungs AG...
S&P Puts Germany’s Union on CreditWatch Pending Merger
Mar 20 2007 // Standard & Poor’s Ratings Services has placed its “A-” long-term counterparty credit and insurer financial strength ratings on Germany’s UNION Versicherungs-AG (Union) on CreditWatch with...
Allianz Kyrill Losses Around $452 Million
Jan 31 2007 // Germany’s Allianz Group announced that “based on the current state of knowledge,” it estimates net claims of around €350 million ($452 million) before taxes. “The amount of claims is within the...
AIR Estimates Europe Storm Insured Losses at $5 to $10 Billion
Jan 22 2007 // Catastrophe risk modeler AIR Worldwide has issued a bulletin estimating insured losses from Winter Storm Kyrill (or Cyril) at between €4 billion and €8 billion ($5.18 billion and $10.37 billion). The GDV German...
Allianz Plans Buy Out of AGF Minority Shares; German Life Minorities
Jan 18 2007 // Germany’s Allianz SE, Europe’s largest insurer in terms of gross premiums written, is set to get even bigger. The Munich-based Company announced plans to acquire the remaining 42.4 percent of the shares in...
Allianz Buys 2 German Wind Farms
Jan 12 2007 // At first glance it may not seem a very logical investment for an insurance company, but Germany’s Allianz Group has taken a strong stance in support of renewable energy. So the acquisition of two more wind farms...
Romania, Bulgaria Join EU; Allianz Details Bulgarian Venture’s Success
Jan 2 2007 // Romania and Bulgaria, two of Europe’s poorest countries, officially became members of the European Union on New Year’s Day, bringing the total to 27. Celebrations in Bucharest and Sofia greeted the two...
Best Affirms Allianz SE & Subsidiaries ‘A+’ Ratings
Dec 26 2006 // A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit ratings of “aa-” of German-based Allianz Societas Europaea (Allianz SE) and its subsidiaries. Best...
German Insurer Allianz Foresees Future Job Cuts
Nov 28 2006 // German insurer Allianz SE said it had reached a new labor deal that avoids any near-term compulsory layoffs but still foresees some 5,700 jobs cut by the end of 2008. Under the agreement with the ver.di union, Allianz...
FSA Fines GenRe UK $2.35 Million
Nov 23 2006 // The U.K.’s Financial Services Authority (FSA) has fined General Reinsurance UK Limited (GenRe UK) £1.225 million ($2.35 million) for arranging two improper reinsurance transactions. The FSA said that in doing so...
Berkshire’s Cologne Re Cited in German Finite Reinsurance Probe
Nov 7 2006 // General Reinsurance’s subsidiary, Kolnische Ruckversicherungs-Gesellschaft AG, Cologne Re, has been cited by the German Federal Financial Supervisory Authority (BaFin) regarding its activities in relation to the...
Allianz Investment Unit to Buy U.K.’s John Laing for $1.8 Billion
Oct 30 2006 // Although Germany’s Allianz AG is selling off many of its long-held positions in German companies, it is still interested in making good investments outside the insurance industry. On Friday, Oct. 27 one of the...
EQECAT Upgrades German Flood Model
Oct 4 2006 // EQECAT, Inc. has released its upgraded German Flood model, part of its EuroFlood™ platform, which it said would enable “the European and international insurance industry to manage more effectively exposures from...
Allianz Reaches Agreement with RAS, Employees for SE Plan
Sep 21 2006 // Germany’s Allianz announced that it has reached an agreement with employee representatives of its Italian subsidiary RAS Holding S.p.A on “the future structure for the operational and corporate codetermination...
RMS Releases Germany River Flood Model
Sep 12 2006 // Risk Management Solutions, a Newark, Calif.-based provider of products and services for the management of natural hazard risk, released its probabilistic Germany River Flood model to assess both off and on-flood plain...
U.S., Swiss and EC Approve AXA’s Acquisition of Winterthur; Executive Appointments
Sep 8 2006 // France’s AXA Group has received approvals from U.S., Swiss and the European Commission antitrust authorities for its CHF12.3 billion ($9.89 billion) agreement to acquire Winterthur Swiss Insurance Co. from Credit...
Best Assigns Ratings to HDI, Gerling
Aug 30 2006 // A.M. Best Co. has removed the ratings of Germany’s HDI Haftpflichtverband der Deutschen Industrie and those of its main subsidiaries from under review with negative implications and affirmed the ratings. Best has...
