Latest Germany Headlines

World Cup Starts in Germany

Jun 9 2006 // 5:00 p.m. on a Friday is usually associated with “TGIF” as the weekend begins. However, for much of the world this Friday at 5:00 p.m. (local time) it marks the beginning of a very special sporting event...

World Cup: Most heavily insured sporting event starts in Germany

Jun 5 2006 // For the majority of Americans, June 9 is a Friday between June 8 and June 10. But for the rest of the world, that day marks the debut of a month-long football festival — not the kind played in the United States, but...

Risk of European Floods Greater, Eqecat Says

May 24 2006 // Eqecat Inc., a-risk modeling company, said previous risk models underestimated Europe’s risk from floods. The company plans to release in late June an upgraded version of its German flood model, part of its EuroFlood...

World of nanotechnology stirs product liability concerns

May 8 2006 // Federal regulators want to get a better handle on the burgeoning use of nanotechnology in everyday products, as their German counterparts struggle to understand why nearly 100 people suffered respiratory problems after...

World of nanotechnology stirs product liability concerns

May 8 2006 // Federal regulators want to get a better handle on the burgeoning use of nanotechnology in everyday products, as their German counterparts struggle to understand why nearly 100 people suffered respiratory problems after...

XL Announces Global Risk Conferences in Germany, U.S.

May 5 2006 // Bermuda’s XL Capital Ltd. announced that it will host two global risk conferences on the theme “One World Without Borders.” The first will be held on May 10-11 in Berlin, Germany, and the second on...

East German Athletes to Sue Drug Firm Over Olympic Doping

Apr 11 2006 // Former East German athletes who suffered health problems because of systematic doping plan to sue a pharmaceutical company for damages. Talks to settle the case out of court failed this week in Hamburg, their lawyer,...

Allianz German Group Total Earnings up 30% to $2.14 Billion

Mar 22 2006 // Allianz Sachgruppe Deutschland, which incorporates all of the global insurer’s German P/C business, announced that total earnings after tax for 2005 were €1.79 billion ($2.14 billion), compared to the €1.25...

AIR Worldwide Opens Munich Office

Jan 20 2006 // AIR Worldwide Corp. announced the opening of AIR Worldwide GmbH in Munich, Germany, “to meet the needs of its expanding client base in the region.” Yoern Tatge will head the new office. AIR noted: “Europe...

S&P Assigns ‘BBB+’ Rating to Germany’s VHV Holding

Jan 12 2006 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” long-term counterparty credit rating to Germany’s VHV Holding with a stable outlook. S&P said: “The...

10 Die in German Ice Rink Collapse

Jan 3 2006 // At least 10 persons have been confirmed dead, and more are feared to have died, following the collapse of the roof of an ice rink in the Bavarian town of Bad Reichenhall. The BBC reported that at lest 50 people had been...

Allianz Moves Ahead with RAS Merger

Dec 30 2005 // German’s Allianz AG has released a series of documents in furtherance of its plans to merge its German and Italian operations into one European Group. As announced last September (See IJ Website Sept. 13) Allianz...

Guy Carpenter Unveils 2005 Central, Eastern Europe Flood Report

Dec 28 2005 // Guy Carpenter & Company Ltd. reported the release of European Flood Report 2005 – Central and Eastern Europe, a detailed summary and review of 2005 Central and Eastern European flood activity. The report,...

Best Assigns ‘B++’/’bbb’ Ratings to Germany’s WUBA

Nov 24 2005 // A.M. Best Co. announced that it has assigned a financial strength rating of “B++” (Very Good) and an issuer credit rating of “bbb” to German insurer Württembergische und Badische Versicherungs-AG...

S&P Puts Allianz Subs on CreditWatch/Positive Following Consolidation Plan

Nov 23 2005 // Standard & Poor’s Ratings Services announced that it has “placed its ‘A-‘ counterparty credit and insurer financial strength ratings on Germany-based property/casualty insurer Allianz Marine...

S&P Raises Ratings on German Insurer VHF to “A”; Off CreditWatch

Nov 22 2005 // Standard & Poor’s Rating Services announced that it has “raised to ‘A’ from ‘A-‘ its long-term counterparty credit and insurer financial strength rating on Germany-based car and...

Talanx in Talks to Acquire Gerling’s Primary Operations; S&P, Best Place Ratings Under Review

Nov 9 2005 // Germany’s Talanx AG, which among other interests holds a 51 percent stake in Hannover Re (and consequently Clarendon in the U.S.), is currently in “advanced talks” to acquire the Gerling Group’s...

Allianz Offers $7 Billion for Remaining RAS Shares; Plans Restructuring

Sep 13 2005 // Germany’s Allianz AG announced an offer to shareholders of Riunione Adriatica di Sicurtà (RAS) S.p.A for the approximately 45 percent of the shares it doesn’t already own. At 19 euros ($23.35) per share that...

Sep 5 2005 // Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions...

International Newsbriefs

Sep 5 2005 // Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions...