From recent news you will have learned that the euro zone crisis continues to be the 700 pound gorilla in the room of the global economy. It’s become increasingly clear that, whatever happens in Greece on June 17, the euro …
As previously announced, Germany’s Allianz SE has had a successful start in 2012 with increases in overall revenues, operating profit and net income for the first quarter well above first-quarter 2011 levels. Allianz Group also further improved its already strong …
A court in Mannheim, Germany ruled on Wednesday that Microsoft infringed Motorola Mobility’s patents and ordered Microsoft to remove its Xbox 360 gaming consoles and Windows 7 operating system software from the German market. Judge Holger Kircher said Microsoft breached …
Allianz SE, Europe’s biggest insurer, will proceed with caution as it searches for takeover gems among the jetsam washed up by the financial market storm. The German group has said it is ready to come out of its shell to …
The Supervisory Board of Hannover Rückversicherung AG (Hannover Re) has approved a resolution of the Executive Board to transform the company into a European public limited company (Societas Europaea, or SE). The proposed change in legal form will be presented …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Germany’s HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI V.a.G.), the ultimate mutual parent company …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Germany’s HDI-Gerling Industrie Versicherung AG (HGI) and its rated subsidiary, HDI-Gerling Welt Service AG …
Markel International has made a move to start writing business in Germany through a joint venture with Anglo Underwriting. With Markel’s support, Anglo’s primary focus will be to increase opportunities in specialty and private lines. As part of the focus …
German insurer Allianz is ready to adjust its €750 million [$952 million] non-voting capital stake in Commerzbank to help the German lender strengthen its balance sheet, two sources familiar with the talks between the two parties said. Allianz inherited the …
According to catastrophe modeling firm AIR Worldwide, Windstorm Andrea passed through the U.K. earlier this week, fast on the heels of Windstorm Ulli, which brought widespread travel and power disruptions to Scotland. The storm is the first in 2012. It …
