All the headlines from our Germany Topic Page, ordered by recency.
Sep 17 2004 // Germany’s Allianz AG announced that its Board of Management has agreed by mutual consent with the Supervisory Board to provide individual disclosure of remuneration for the members of the Board of Management...
Sep 14 2004 // XL Insurance Company Limited (XLICL), a unit of Bermuda’s XL Capital Ltd., announced the appointment of Dr. Gernot Klantschnig as Country Manager for its German Branch, effective March 1, 2005. “Dr. Klantschnig...
Jun 14 2004 // Guy Carpenter and EQECAT announced their intention to jointly develop the “DACH Flood” software, which they described as “an accumulation tool that will allow users to assess their exposure to flood in...
May 6 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “A-” long-term counterparty credit and insurer financial strength ratings to Hanover-based surety insurer Deutsche...
Mar 19 2004 // Germany’s Allianz AG bounced back strongly from last year ‘s losses to post net profits of 1.6 billion euros ($1.96 bllion) for 2003. Nevertheless the poor performance of the Group’s banking operations,...
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Oct 31 2003 // Moody’s Investors Service has issued a bulletin stating that “Germany’s proposed decision to reform the taxation of German life & health insurers would have a significant and timely positive impact...
Oct 24 2003 // Germany’s Allianz said it expects to achieve “positive results” for its 2003 fiscal year, not only from improved profitability in its operations, but also following the sale of 40 percent of its stake in...
Oct 14 2003 // The German government is poised to introduce legislation that would change tax laws applicable to the country’s insurers, resulting in a substantial reduction in the amount of taxes they must pay. Originally reported...
Sep 26 2003 // Overland Park, Kan.-based GE’s Employers Reinsurance Corporation (ERC) announced several new appointments.David Bassi is the new global risk and underwriting leader for ERC’s P/C reinsurance unit; Cora...
Aug 20 2003 // Allianz Property and Casualty Group Germany, which combines the property and casualty insurance business of the German Allianz companies, achieved a positive underwriting result in the first half-year of 2003 as gross...
Aug 14 2003 // Germany’s Allianz confounded many analysts’ forecasts by reporting strong gains in most of its operations, posting a net profit of 102 million euros ($115.26 million) for the first half of 2003. The...
Aug 1 2003 // Standard & Poor’s reported it raised to ‘BBB-‘ from ‘BB+’ its long-term counterparty credit and insurer financial strength ratings on Germany-based non-life insurer, Gerling-Konzern...
Jun 25 2003 // Germany’s Gerling Group announced that the Hessen Higher Administrative Court in Kassel has dismissed an appeal by BaFin, the German financial supervisory authority, from an earlier decision by the Frankfurt...
May 16 2003 // Germany’s Allianz reported a first quarter net loss of 520 million euros ($593.06 million), mostly due to another series of writedowns in the value of its investments, but from an operating point of view...
May 9 2003 // A.M. Best Co. announced that it has assigned a financial strength rating of B++ (Very Good) to SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG (Sovag) of Hamburg, Germany with a stable outlook.Although based...
May 1 2003 // The International Commission on Holocaust-Era Insurance Claims is in the process of updating its website – www.icheic.org – to include as many as 379,000 new names of potential claimants, including families and...
Apr 18 2003 // The German government recently announced it would not give state aid to Deutsche Lufthansa AG in the event of a terrorist attack, according to Dow Jones Newswires. The Finance Ministry cited insurers’ present...
Apr 4 2003 // Standard & Poor’s Ratings Services reacted to the news that talks between Germany’s Gerling Group and HDI have broken off (See IJ Website April 3) with an announcement that its current ‘BB+’...