All the headlines from our Germany Topic Page, ordered by recency.
May 7 2014 // The average cost of a corporate data breach increased 15 percent in the last year to $3.5 million, according to a study.The study by the Ponemon Institute out of Michigan also found that the cost incurred for each lost or...
Mar 27 2014 // Early this month, JPMorgan Chase & Co. stopped managing an investment account for a prominent client: the charitable foundation of Sigma Alpha Epsilon, one of the nation’s largest fraternities.The bank was...
Mar 27 2014 // Old Mutual Plc, Africa’s biggest insurer, is selling its Skandia units in Germany and Austria for €220 million ($303 million) in cash.The two businesses, part of the London-based insurer’s wealth division,...
Mar 24 2014 // Talanx AG, Germany’s third-biggest insurer, said fourth-quarter profit tripled after higher earnings at its industrial insurance business and lower tax at its reinsurance unit.Net income rose to €227 million ($313...
Mar 6 2014 // The global insurance segment of XL Group plc announced the launch of its new product – Automotive Recall Plus – which it described as an “innovative product designed for the automotive supplier industry. It...
Jan 31 2014 // People who have experienced a disaster such as an earthquake, flood, or terrorist attack have a heightened perception of the risks posed by these and, in some cases, unrelated risks, according to a study involving 1,045...
Jan 17 2014 // China, India and Brazil — three of the largest developing nations— joined the U.S. in a list of the biggest historical contributors to global warming, according to a study by researchers in Canada.Seven nations between...
Jan 14 2014 // German public-sector insurers, which include Versicherungskammer Bayern and Provinzial Nordwest Holding AG, are unlikely to merge, Fitch Ratings said.“There is no requirement for such a high number of public- sector...
Jan 8 2014 // Basler Versicherungen, the German unit of Swiss insurer Baloise Holding AG, reached an agreement to cut 400 jobs by the end of 2017 to reduce costs.The company, based in Bad Homburg, has “a framework agreement with...
Jan 7 2014 // In its annual review of loss events in the past year, Munich Re emphasized the “exceptionally high losses from weather-related catastrophes in Europe and Supertyphoon Haiyan,” which, the report said,...
Dec 27 2013 // A U.S. judge on Thursday said Daimler AG and Rheinmetall AG cannot be held liable for allegedly aiding and abetting South Africa’s former apartheid government in race-based attacks and injustices.The plaintiffs in...
Dec 13 2013 // Catastrophe modeling firm AIR Worldwide estimates that insured wind losses from Extratropical Cyclone Xaver will range between €700 million [$963 million] and €1.4 billion [$1.926 billion], with the majority of the...
Dec 11 2013 // Catastrophe modeling firm AIR Worldwide has issued a report on the aftermath of Extratropical Cyclone Xaver, which affected large parts of northern Europe, particularly the United Kingdom, Northern Ireland, Germany, the...
Dec 10 2013 // New research by market research consultancy London-based Finaccord forecasts that the market for professional indemnity insurance across ten European countries – namely, Austria, Belgium, France, Germany, Italy,...
Dec 6 2013 // A report from catastrophe modeling firm AIR Worldwide notes that Winter Storm Xaver hit the north of Scotland last night, Thursday the 5th of December, with wind gusts of more than 140 mph (225 km/h), recorded in the...
Dec 6 2013 // Zurich Insurance Group AG’s German unit, which sells auto insurance with the country’s ADAC automobile club, plans to offer a wider range of policies after reducing coverage following a surprise write-off last...
Dec 6 2013 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has issued its initial loss estimate for windstorm Christian, which affected Western and Northern Europe from 27 to...
Dec 4 2013 // Axa Konzern AG, the German unit of Paris-based Axa SA, plans to increase operating profit this year as it reduces costs and readies a new life insurance product for 2014.“Our cost-reduction program is proceeding...
Nov 21 2013 // German Finance Minister Wolfgang Schaeuble issued an unusual warning to the European Central Bank on Thursday, saying rate decisions must not offer “false stimulus” and that monetary policy alone would not...
Nov 15 2013 // Allianz SE, Europe’s largest insurer, said it is committed to bolstering operations in the U.S. after international rivals scaled back in the country.“It is a monster market,” Gary Bhojwani, the...