German market News

Liberty Specialty Markets Launches German Terrorism Insurance Coverage

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched new terrorism insurance coverage in the German market, effective immediately. Since LSM entered the market in 2018, business written used the standard London market cover. The new terrorism …

HDI Global Specialty Enters German Fine Art, High Net Worth Market with Hire from AXA

HDI Global Specialty SE is entering the German Fine Art and high net worth insurance market with the appointment of Dr. Alexander Wiebe from AXA. He joins the specialty lines insurer as head of Fine Art & Lifestyle Continental Europe, …

Former Wirecard Executive Marsalek Placed on Interpol’s Most Wanted List

Former Wirecard AG executive Jan Marsalek was added to Interpol’s red notice list, sparking a worldwide manhunt for one of the executives allegedly at the center of a multibillion-euro accounting scandal at the fintech company The move alerts police worldwide …

Germany to Reform Regulation of Insurers, Banks, Payment Firms on Wirecard Scandal

German Finance Minister Olaf Scholz intends to unveil a reform of the government’s financial oversight, as the widening scandal over the collapse of Wirecard AG reaches the highest levels of Chancellor Angela Merkel’s government. Scholz’s 16-point “action plan” would install …

BHSI Names Amandi from Allianz as Head of Financial Institutions in Germany

Berkshire Hathaway Specialty Insurance (BHSI) announced that it has named Dr. Frank Amandi as head of Financial Institutions, for Executive and Professional Lines in Germany. Amandi has more than 20 years of experience spanning international insurance, underwriting, claims and product …

Liberty Specialty Names Rieger Head of Casualty Germany, Succeeding Offenhau

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Rainer Rieger as head of Casualty Germany. Rieger, who has worked with the company since 2015, is replacing Detlef Offenhau who recently retired from the role. “Rainer’s experience …

European Insurers’ Coronavirus BI Claims Likely to Be Limited: Moody’s, ABI

Insurers in the UK, France and Germany are likely to face only moderate business interruption (BI) claims as a result of the coronavirus outbreak because pandemic-related claims are excluded from most business interruption policies in the three countries, said Moody’s …

BHSI Taps Swiss Re’s Weinmann to Head Customer & Broker Engagement in Germany

Berkshire Hathaway Specialty Insurance (BHSI) announced further expansion of its European team, naming Daniel Weinmann as head of Customer & Broker Engagement in Germany. Weinmann comes to BHSI with more than 20 years of insurance industry experience. He was most …

BHSI Opens Office in Germany, Names QBE’s Krause as Country Manager

Berkshire Hathaway Specialty Insurance (BHSI) has appointed Andreas Krause as country manager for Germany and established a new office in Cologne. With an existing office in Munich, BHSI said it underwrites property, casualty, medical malpractice, marine and executive & professional …

AGCS Names Mauthe Regional CEO for Germany, Central & Eastern Europe

Allianz Global Corporate & Specialty SE (AGCS), the industrial insurance unit of Allianz Group, has appointed Hans-Joerg Mauthe as regional CEO for Central & Eastern Europe (CEE). Based in Munich, he will be responsible for the German market and for …