Latest Germany Headlines

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

China’s Ping An Invests $47M in German Fintech Incubator Finleap

Nov 19 2018 // Ping An Insurance Group Co., China’s biggest insurer by market value, led investors in injecting 41.5 million euros ($47 million) into Germany’s Finleap GmbH in its latest round of funding.The Chinese...

Markel’s German Insurance Unit Gets Approval to Operate UK Branch

Nov 12 2018 // Markel Corp. announced that its German insurance company, Markel Insurance SE (MISE), has received regulatory approval to operate a branch office in the UK. MISE was established to meet the insurance needs of clients...

Final Insured Loss for Germany-Austria’s Storm Herwart Rises to €264M: PERILS

Oct 30 2018 // The final estimate of insured property losses for Extratropical Cyclone Herwart, which primarily affected Austria and Germany on Oct. 29, 2017, is €264 million (US$300.6 million), according to PERILS, the independent...

VW’s Audi Unit Slapped with $925M Fine in Germany over Emissions Scandal

Oct 17 2018 // Volkswagen AG’s Audi unit agreed to pay an 800 million-euro ($926 million) fine for its role in the diesel-cheating scandal that has disrupted the car industry for more than three years and landed Audi’s...

Google+ Breach Under Investigation in U.S., EU

Oct 10 2018 // At least two U.S. states and two European Union member states are investigating a breach at Alphabet Inc.’s Google that may have exposed private profile data of at least 500,000 users to hundreds of external...

Final Insured Loss for Germany’s Cyclone Xavier in 2017 Estimated at €324M: PERILS

Oct 5 2018 // The final insured property market losses for Extratropical Cyclone Xavier, based on loss data collected from affected insurers, is €324 million ($372.5 million), according to estimates issued by PERILS, the independent...

Berkshire Hathaway Specialty Opens Munich Office; Names Key Underwriters

Sep 18 2018 // Berkshire Hathaway Specialty Insurance (BHSI) has opened a new office in Munich, Germany, the latest advance in BHSI’s expansion of its global footprint. The insurer has named two key underwriters for the office. The...

Thomas Miller to Acquire Germany’s Zeller Associates’ MGA, Insurance Operations

Sep 17 2018 // London-based insurance provider Thomas Miller reports it has agreed to purchase the managing general agency and insurance services operations of Zeller Associates, a shipping, trade and transport insurance specialist based...

German Court Postpones Key Case on YouTube Liability to Obtain EU Opinion

Sep 14 2018 // Germany’s highest court has postponed a decision on whether YouTube is liable for violations of intellectual property rights on its video platform in order to seek the opinion of European Union judges, a process...

Survey Finds Cyber Crimes Cost German Businesses $50 Billion

Sep 14 2018 // Two thirds of Germany’s manufacturers have been hit by cyber-crime attacks, costing industry in Europe’s largest economy some 43 billion euros ($50 billion), according to a survey published by Germany’s...

German Consumer Agency to Seek Damages Against Volkswagen Over Diesel Tests

Sep 12 2018 // Volkswagen will face another class action lawsuit over its rigging of diesel emissions tests, this time at home when Germany introduces a new law in November.State-financed consumer protection organization vzbv said on...

German Officials Worried About Foreign ‘Cyber Bombs’ Against Companies

Sep 6 2018 // A growing number of countries can hack into private computer networks and install malicious software to sabotage another country’s infrastructure, Germany’s domestic spy chief said on Tuesday.China, Russia and...

Germany Echoes UK Concerns over Post-Brexit Risk to Insurance, Derivative Contracts

Aug 30 2018 // European Union and U.K. authorities must agree on a political solution to the threat Brexit poses to trillions of dollars in derivatives and insurance contracts, according to Germany’s top financial regulator.Felix...

Germany Wildfire Southwest of Berlin Detonates Buried WWII Ammunition

Aug 27 2018 // Firefighters struggled Friday to tame a wildfire southwest of Berlin but had to maneuver carefully as the blaze set off old World War II ammunition that is still buried in the forests around the German capital.Flames...

Alcohol in Any Amount Found Unsafe; Linked to 3 Million Deaths a Year: Global Study

Aug 26 2018 // A new scientific study concludes there is no safe level of drinking alcohol.The study shows that in 2016, nearly 3 million deaths globally were attributed to alcohol use, including 12 percent of deaths in males between the...

S. Korean BMW Owners Asked Not to Drive Until Fire Risk Inspections Completed

Aug 15 2018 // South Korea’s government will tell owners of some BMW AG cars in the country to keep the vehicles off the roads until the German carmaker completes safety checks to address a defect after reports of nearly 40 cases...

Markel’s New German Insurer Rated ‘A’ by A.M. Best

Jul 27 2018 // Markel Corp. announced that its newly licensed German insurance company, Markel Insurance SE (MISE), has been given an “A” financial strength rating by A.M. Best.MISE has been established to meet the insurance...

Chinese Acquisitions of High-Tech Firms Pose Security Risk: German Spy Chief

Jul 25 2018 // Chancellor Angela Merkel’s top counterintelligence official said Chinese acquisitions of high-tech companies in Germany represent a potential national-security threat.The head of Germany’s top domestic...

Markel Licensed to Form Insurer in Germany, Securing Post-Brexit EU Access

Jul 20 2018 // Markel Corp. announced it has been granted a license by the German federal financial supervisory authority, BaFin, to establish an insurance company in Germany.Following Brexit, the United Kingdom’s exit from the...

Munich Re CFO Schneider to Retire, Succeeded by ERGO’s Jurecka

Jul 17 2018 // Munich Re’s Chief Financial Officer Jörg Schneider, who turns 60 this year, will retire from the Munich Re board of management at his own request on Dec. 31, 2018.The Supervisory Board of Munich Re has appointed...