Latest Germany Headlines

All the headlines from our Germany Topic Page, ordered by recency.

Facebook Users Affected by Data Breach Eligible for Compensation: German Court

Nov 19 2024 // A German court said on Monday that Facebook users whose data was illegally obtained in 2018 and 2019 were eligible for compensation.The Federal Court of Justice (BGH) ruled that the loss of control over one’s data...

People Moves: Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK & MENA; Howden Re Announces 4 Senior Appointments in Germany

Oct 24 2024 // This edition of International People Moves details appointments at Liberty Specialty Markets and Howden Re.A summary of these new hires follows here. Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK...

Pro-Palestinian Activists Target UK Offices of Germany’s Allianz

Oct 8 2024 // Pro-Palestinian activists targeted the British offices of German financial services firm Allianz on Tuesday, daubing the outside with red paint in protest over the company’s links to Israeli defense firm Elbit...

Environmental Activist ClientEarth Sues Germany Over Pesticides Use

Sep 23 2024 // Environmental activist charity ClientEarth launched a lawsuit against Germany on Friday to push Berlin to implement an EU law to limit pesticide use in farming, the group said on Friday.The group said in a statement...

VW Scraps Three-Decades-Old German Jobs Pledge to Cut Costs

Sep 10 2024 // Volkswagen AG is ending job protections for auto workers in Germany as part of its cost-cutting push, setting up a showdown with unions as the country’s most important industry fights for its future.The manufacturer...

Germany Cracks Down on China Green Fraud in Deepening Scandal

Sep 6 2024 // German authorities have rejected €18 million ($20 million) worth of carbon credits after finding “irregularities” in China-based projects that were meant to lower emissions.The initiatives, which were run by...

People Moves: Brit Names Guy Carpenter’s Stephenson to Lead Bermuda Expansion; HDI Global Taps Geis From Allianz as Managing Director for Germany

Sep 5 2024 // This edition of International People Moves details appointments at Brit Ltd. in Bermuda and HDI Global in Germany.A summary of these new hires follows here. Brit Names Guy Carpenter’s Stephenson to Lead Bermuda...

Cybercrime and Sabotage Cost German Firms $300 Billion in Past Year

Aug 28 2024 // Cybercrime and other acts of sabotage have cost German companies around 267 billion euros ($298 billion) in the past year, up 29% on the year before, according to a survey published on Wednesday.Industry association Bitkom...

Germany Is Europe’s Prime Target for Audacious ATM Bombings

Aug 12 2024 // In the early morning hours of May 6, 2023, an explosion occurred in a bank in the German town of Bad Homburg, sending shattered glass as far as 30 meters away. Two men had broken into the building and filled the ATM with...

Two More Wirecard Executives Charged in Germany Over Accounting Scandal

Aug 6 2024 // German prosecutors have charged another two former Wirecard executives, according to a statement from their Munich office on Tuesday, casting their net wider in investigations into one of Germany’s biggest corporate...

People Moves: QBE Promotes Desch as German General Mgr; Trium Syndicate Taps TMK’s Metsanvirta as Active U/W; Markel Announces Key Hires for Singapore, HK

Aug 5 2024 // This edition of International People Moves details appointments at QBE Europe, Trium Syndicate, and Markel in Singapore and Hong Kong.A summary of these new hires follows here. QBE Promotes Desch as German General...

Markets/Coverages: Coalition Introduces Active Cyber Insurance in Germany

Aug 1 2024 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced the launch of its Active Cyber Insurance in Germany through its subsidiary, Coalition Insurance Solutions GmbH....

Allianz Sees Damages Worth Tens of Millions for German Vineyards

Jul 22 2024 // Insurer Allianz SE expects to pay German winemakers tens of millions of euros in insurance claims this year after many vineyards lost their entire harvest to heavy frosts.While mild temperatures earlier in the year helped...

Insured Losses for Floods in Southern Germany Estimated at €1.6B: PERILS

Jul 18 2024 // The recent floods in southern Germany will cost insurers an estimated €1.568 billion (US$1.7 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance...

People Moves: HDI Global Canada Promotes Navarrete to Managing Director; AXA XL Appoints Kuklinski as Regional Mgr. for Northern Europe, Germany’s Country Mgr.

Jul 1 2024 // This edition of International People Moves details appointments at HDI Global and AXA XL.A summary of these new hires follows here. HDI Global Canada Promotes Navarrete to Managing DirectorHDI Global Canada announced the...

German Insurtech Wefox to Replace CEO After Board Rejects Mubadala Sales Plan

Jun 27 2024 // Wefox Holding AG is replacing Chief Executive Officer Mark Hartigan after the German insurance tech startup’s board rejected a proposal by its largest stakeholder, Mubadala Investment Co., that he backed to sell the...

Southern Germany Floods to Cost Insurers $2.6 Billion-$3.9 Billion: Verisk

Jun 20 2024 // Estimated insured losses from flooding, which hit Southern Germany on May 15-June 5, will range from €2.4 billion (US$2.6 billion) to €3.6 billion (US$3.9 billion), according to Verisk, the data analytics and...

German Port Workers Strike Could Cost $6 Billion in Lost Trade: Russell Group Analysis

Jun 19 2024 // Port strikes at five key five German ports may cost $6 billion (£4.71 billion) in lost trade according to analysis by Russell Group, a data and analytics company.There is a 24-to-48-hour strike by port workers across the...

Insured Flood Losses in Germany Could Range From US$2.1B to US$3.2B: Moody’s RMS

Jun 14 2024 // Insured losses from floods that hit Central Europe between Thursday, May 30 and Monday, June 3 will likely fall within the range of €2 billion to €3 billion (US$2.1 billion to US$3.2 billion), according to...

Hilb Group Acquires German American for $40M

Jun 5 2024 // Hilb Group announced and closed the sale of the assets of the wholly-owned subsidiary German American Insurance (GAI) to Hilb Group in an all-cash transaction of $40 million. The sale creates a significant after-tax gain,...