Latest Germany Headlines

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

Generali Prepares to Sell Pensionskasse Unit to Fosun International’s German Unit

Apr 13 2023 // Assicurazioni Generali SpA is close to selling its Deutschland Pensionskasse AG unit to a German firm controlled by Chinese conglomerate Fosun International Ltd, as the Italian insurer reviews its life operations in a bid...

Germany Inches Toward Legalizing Personal Use of Cannabis

Apr 13 2023 // Germany’s ruling coalition presented a scaled-back plan to decriminalize personal use of cannabis in Europe’s largest economy.The proposal would allow adults to possess as much as 25 grams (0.9 ounce) of...

German Superyacht Maker Lürssen Hit by Ransomware Cyber Attack

Apr 12 2023 // German shipbuilder Lürssen, which makes military vessels as well as luxury yachts, has become the target of a ransomware cyberattack.The Bremen-based company was attacked over the Easter holiday period, company spokesman...

Germany’s Allianz Does Not Plan to Renew Policy for Nord Stream 1 Project

Apr 6 2023 // German insurance company Allianz said on Wednesday it does not intend to renew a policy for the Nord Stream 1 project when it expires in late 2023.Allianz said it was part of an insurance consortium that provided coverage...

German Insurers Renew Cover for Blast-Damaged Nord Stream 1 Gas Pipeline

Apr 4 2023 // German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline, five sources with knowledge of the matter said, indicating that its revival has not been ruled out...

Private Equity Investor AnaCap Sells Minority Stake in German Broker MRH Trowe

Mar 28 2023 // AnaCap Financial Partners, a London-based private equity investor, announced the sale of a minority stake in portfolio company MRH Trowe, a German owner-managed commercial lines insurance broker.AnaCap and MRHT’s...

Climate Change to Cost Germany Up to €900B by 2050: Study

Mar 7 2023 // Extreme weather caused by climate change could cost Germany up to 900 billion euros [$957.2 billion] in cumulative economic damage by mid-century, a study showed on Monday, as Europe’s biggest economy seeks climate...

Howden Buys Specialist Entertainment Broker Franz Gossler in Germany

Mar 1 2023 // Howden, the international insurance broker, announced an agreement to acquire Franz Gossler Insurance Group, one of the leading insurance brokers focusing on film and entertainment insurance in Germany and beyond.The...

Acrisure Continues European Expansion With Launch of German Subsidiary

Feb 28 2023 // Acrisure, a fintech company that operates a top-10 global insurance broker, announced the formation of Acrisure Deutschland GmbH, a new subsidiary covering the German, Austrian and Swiss markets.Mathias Pahl will serve as...

German Court Dismisses Greenpeace-Led Climate Case Against VW; Plaintiffs to Appeal

Feb 15 2023 // A regional court in Germany has dismissed a case led by Greenpeace against Volkswagen calling on the carmaker to tighten its carbon emissions targets, the company and the climate group said in separate statements on...

People Moves: Generali’s GC&C Promotes 3 for German Team; Lockton Re Taps AXIS’ Silley for Cyber Practice; Aon Names Penalva Head of Enterprise Clients, EMEA

Feb 8 2023 // This edition of International People Moves details appointments at Generali Global Corporate & Commercial, Lockton Re and Aon.A summary of these new hires follows here. Generali Global Corporate & Commercial...

Twitter Sued in Germany in Bid to Force Vetting of Antisemitic Posts

Jan 25 2023 // Twitter Inc. was hit by a lawsuit in Germany by an anti-hate speech organization and a European group of Jewish students in a bid to force the platform to remove antisemitic content.HateAid and the European Union of Jewish...

Germany’s Commerzbank Sues EY for Losses Incurred in Wirecard Collapse

Jan 23 2023 // The German lender Commerzbank is suing accounting firm EY over the 200 million euros ($216.12 million) in losses that it incurred in the collapse of Wirecard, a bank spokesperson said on Thursday. Wirecard’s downfall...

Germany to Drop Mask Mandate in Long-Distance Transport Next Month

Jan 18 2023 // Germany will soon drop a mask mandate on long-distance trains and buses, one of the country’s last remaining COVID-19 restrictions, the health minister said Friday.The mandate will be dropped on Feb. 2, Health...

Tesla Under Fire in Germany Over Union Concerns on Worker Safety, Contracts

Jan 18 2023 // BERLIN, Jan 16 (Reuters) — Tesla has come under fire from German union IG Metall and politicians over allegations by workers of unreasonable working hours and fears over speaking out at its Brandenburg plant, with some...

Germany Joins Opposition to EU Ban on Commission-Based Financial Products

Jan 17 2023 // Banning commission-based sales of financial products from banks and insurers would be a “serious setback” to the European Union’s capital market and limit choice for consumers, Germany’s finance...

German Authorities Recover Significant Part of Haul From 2019 Jewelry Heist

Dec 19 2022 // German authorities said Saturday that they have recovered a significant part of the 18th-century treasures stolen from Dresden’s Green Vault museum in a spectacular break-in more than three years ago.Prosecutors and...

Germany’s BASF to Restore Polluted Superfund Site in New Jersey

Dec 9 2022 // TOMS RIVER, N.J. (AP) — The German chemical company BASF will restore damaged natural resources at a notorious Superfund site where decades or pollution and illegal dumping caused vast contamination of the environment,...

Former Wirecard Executives in the Dock as Germany’s Biggest Fraud Trial Begins

Dec 6 2022 // Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s biggest post-war fraud scandal and sent shockwaves through the country’s...

Zurich Insurance Plc Plans to Redomicile From Ireland to Germany in Post-Brexit Move

Nov 22 2022 // Zurich Insurance Plc (ZIP), the Dublin-based wholly owned subsidiary of Zurich Insurance Group, plans to relocate to Germany as a result of the UK’s exit from the European Union.Since the Irish unit includes the...