Latest Germany Headlines

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

Storm Ciara Batters Europe with Hurricane-Force Winds, Killing at Least 5 People

Feb 11 2020 // A strong winter storm that has battered Europe with hurricane-force winds and heavy rains and killed at least five people moved eastward Monday, causing severe travel disruptions across the continent.After striking Britain...

Germany’s HDI Group Acquires Cyber Specialist Perseus

Feb 6 2020 // The HDI Group has acquired Berlin-based Perseus Technologies GmbH, a start-up that has specialized in the prevention of cyber risks and emergency cyber assistance.The acquisition enables the Hannover-based HDI Group to...

China’s Fosun Considers Sale of German Insurer Frankfurter Leben: Sources

Jan 16 2020 // Chinese conglomerate Fosun International Ltd. is exploring options including a potential sale for its German insurance business Frankfurter Leben Holding GmbH, people with knowledge of the matter said.Fosun has held talks...

Germany Aims to Thwart African Swine Fever Edging Closer to Borders

Dec 31 2019 // German hunting dogs are being trained to sniff out dead wild boar, authorities are stockpiling electric fences along the eastern frontier and the government in Berlin is urging drivers not to toss ham-sandwich scraps out...

Legacy Acquirer DARAG Completes Portfolio Transfer with Germany’s SOVAG

Dec 20 2019 // DARAG Group Ltd., the Malta-based legacy acquirer, announced it has closed the portfolio transfer with German re/insurer SCHWARZMEER UND OSTSEE Versicherungsaktiengesellschaft (SOVAG), following the receipt of all...

Starr Taps Swiss Re’s Nawrath as Underwriting Chief for New Aviation Unit in Germany

Dec 18 2019 // Starr Insurance Cos. announced the appointment of Carsten Nawrath as Aviation underwriting manager, leading the build-out of a new Aviation insurance operation based in Munich, Germany. The operation will write aerospace...

Catholic Church Abuse Allegations Being Raised in Japan

Dec 16 2019 // During Pope Francis’ recent visit to Japan, Harumi Suzuki stood where his motorcade passed by holding a sign that read: “I am a survivor.”Katsumi Takenaka stood at another spot, on another day, holding up...

Germany, Global Parametrics, Hannover Re Launch Climate Impact Fund

Dec 11 2019 // Hannover Re and a parametrics company along with several German economic development agencies have created a natural disaster fund targeting investments in risk-transfer instruments relating to natural catastrophes and...

Fast-Growing German Insurtech Wefox Raises $110 Million More

Dec 11 2019 // German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to invest in its expansion...

Germany’s Green Vault Museum Finds It’s Uninsured for $1 Billion Theft of Jewels

Nov 27 2019 // A day after burglars made off with priceless jewels from a German museum, pressure is growing on police to find the culprits. One big reason: The diamond-encrusted dagger, pearl necklace, and dozens of other glittering...

Müller Succeeds Fischer Hirs as CEO of AGCS; Allianz Germany Appoints Executives

Nov 15 2019 // Allianz Global Corporate & Specialty SE (AGCS) and Allianz Deutschland AG announced leadership changes that will take effect from Dec. 1, 2019, subject to regulatory approval.Joachim Müller, currently CEO of Allianz...

Blackstone’s Lombard Could Face Legal Issue with $1B-Plus of Unsigned Policies

Oct 28 2019 // For nearly a decade, Lombard International sat on a secret. It began to unravel in May 2016 when a wealthy German walked into a Luxembourg bank.The man wanted a loan. For collateral, he offered a future payout from a...

Holocaust Survivors Want Congress to Let Them Sue Insurers Over Nazi-Era Losses

Oct 10 2019 // When David Schaecter was a child in Slovakia in the 1930s, he counted more than 100 people in his extended family. By the end of World War II, he alone survived. The rest had been killed in Nazi concentration camps or by...

DARAG Buys Zurich’s German Architects & Engineers Professional Indemnity Portfolio

Sep 11 2019 // DARAG Group Ltd., the Malta-based legacy acquirer, announced it has reached an agreement with Zurich Insurance plc to acquire Zurich’s German architects and engineers (A&E) professional indemnity insurance...

Germany to Limit Use of Weedkiller Glyphosate Then Ban It 2023

Sep 5 2019 // Germany will ban the use of the weedkiller glyphosate – the subject of billion-dollar U.S lawsuits over claims it causes cancer – from the end of 2023 and limit its use before then, the Environment Ministry...

German Firm Quits Safety Inspection Business Following Brazilian Dam Collapse

Aug 20 2019 // Germany’s TÜV SÜD has pulled out of conducting safety assessments of dams after the collapse of a Brazilian dam it had vetted killed almost 250 people in January, the industrial inspection firm’s chief...

Germany’s Forests Damaged by Droughts and Wildfires, Stoking Climate Debate

Aug 12 2019 // Germany’s forests – long a source of pride and national identity – are feeling the heat.A second consecutive year of unusually dry and warm weather has left swaths of dead and dying trees, fueling fears that the...

How VW Emissions Scandal Hurt Other German Car Makers’ Reputations and Profits

Aug 7 2019 // The fallout from Volkswagen’s 2015 emissions scandal cost other German car makers billions of dollars in sales, according to new research from Notre Dame University.In 2015, Volkswagen was exposed for bypassing U.S....

German Bank Seeks to Seize Ships for Breach of Iran Sanctions

Aug 6 2019 // Reports alleging that fuel tankers appeared to breach U.S. sanctions against Iran were cited in court filings by a bank as it sought to seize the ships, accusing the owners of loan default.The accusations, which led to the...

Legacy Acquirer DARAG Signs Portfolio Transfer Agreement with Germany’s SOVAG

Aug 6 2019 // DARAG Group Ltd., the Malta-based legacy acquisition firm, announced it has signed a portfolio transfer agreement with German re/insurer Schwarzmeer und Ostsee Versicherungs-Aktiengesellschaft (SOVAG).The legacy portfolio...