All the headlines from our Germany Topic Page, ordered by recency.
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...
Feb 8 2024 // A court in Germany has issued an injunction against the sale of some of Intel’s chips, in a patent dispute between the U.S. tech giant and a U.S. rival that filed the complaint.The regional court in Dusseldorf ruled...
Feb 6 2024 // Germany has been hit by a series of strikes since the start of 2024 as unions press for higher wages and improved working conditions to make up for high inflation and staff shortages in Europe’s largest economy.The...
Feb 2 2024 // The European Union’s most stringent ESG rule to date may be scuppered due to eleventh-hour German opposition to the plan.The EU was on track to move forward with the Corporate Sustainability Due Diligence Directive...
Jan 8 2024 // Gallagher announced it has acquired Köberich Financial Lines. Terms of the transaction were not disclosed.Köberich specializes in D&O insurance, plus other financial lines products including cyber, warranties &...
Dec 29 2023 // Extreme weather in Germany again caused high insurance claims this year, with an estimated price tag of €4.9 billion (US$5.4 billion) during 2023, according to the German Insurance Association (GDV).This extreme weather...
Dec 5 2023 // Nearly half of German companies operating in China are taking measures to reduce the risk of doing business there largely due to growing geopolitical tensions, according to a new survey by the German Chamber of Commerce in...
Nov 20 2023 // Parts of the river Rhine in south Germany remain closed to shipping on Monday after a rise in water levels following recent heavy rain, navigation authorities said on Monday.Rhine river shipping remains stopped around...