All the headlines from our Germany Topic Page, ordered by recency.
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....
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...
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...
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...
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...
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...
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...
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...
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,...
Jun 4 2024 // Insurers are preparing for an above-average loss event as a result of floods in southern Germany.“The pictures from Bavaria and Baden-Württemberg foreshadow the worst. Our companies are already receiving many claims...
Jun 3 2024 // Southern Germany continues to battle flooding from heavy rainfall that’s disrupted transportation and pushed emergency services to their limits.Chancellor Olaf Scholz, who plans to visit some of the affected regions...
May 24 2024 // Water is leaking into an underground nuclear waste facility in Germany creating fears about toxic contamination of groundwater and highlighting the legacy that the shuttered nuclear industry has left behind.The operator of...
May 3 2024 // Athora Holding Ltd., an insurance affiliate of Apollo Global Management Inc., and AXA SA have terminated a deal to transfer life insurance policies in Germany almost two years after announcing it.The deal was meant to...
May 1 2024 // German companies have long treated Hungary like their backyard. Carmakers Mercedes Benz AG and BMW AG and Volkswagen AG’s Audi continue to expand their footprint, driving the country’s exports, while weapons...
Mar 21 2024 // Investors in Germany’s cannabis sector are holding back and some startups risk running out of cash amid uncertainty over whether a partial legalization of the drug for recreational use will take effect as planned on...
Mar 12 2024 // German policymakers should team up with power grid operators to improve the response to incidents such as the arson attack near Tesla’s gigafactory, said the head of regional utility Westenergie.Security measures...
Mar 6 2024 // German industry called for better protection of critical infrastructure on Wednesday after a suspected arson attack by leftist activists on Tesla’s gigafactory outside Berlin halted production until further...
Feb 26 2024 // German lawmakers approved a controversial bill legalizing personal use of cannabis, paving the way for controlled consumption of the drug from April 1.The legislation introduced by Chancellor Olaf Scholz’s government...
Feb 20 2024 // German lawmakers will approve delayed legislation decriminalizing personal use of cannabis this week, paving the way for it to take effect on April 1, according to Health Minister Karl Lauterbach.The law, set to pass the...
Feb 14 2024 // German battery maker Varta AG was hit by a cyberattack Monday night that halted production in five of its production facilities, the company said.The company’s information technology systems “and thus also...