All Germany articles
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QBE announces Desch as its country manager for Germany
Before joining QBE, Fabian Desch worked as a broker, starting his career with WTW.
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Moody’s RMS puts €2-3bn insured loss estimate on German floods
Southern Germany is expected to constitute most of this event’s loss, the cat modeler said.
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Steinmann joins Hannover Re to lead its German arm after Pickel retires
Change at the top came as Hannover Re announced it had beaten its full-year earnings target; group net income rose to €1.8bn for 2023; reinsurance revenue climbed to €24.5bn; and a return on equity of 19% was “comfortably above minimum target”.
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Hannover Re stresses upward pressure on German P&C terms and pricing
High inflation and claims expenditure on lines from motor insurance to property catastrophe events mean German reinsurance rates will rise, Hannover Re warned.
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Acrisure launches Central European subsidiary
Mathias Pahl will serve as president of Acrisure Deutschland GmbH and head of DACH
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Howden Re expands presence in Germany
Guy Carpenter’s Carsten Thienel will head up the new operations as part of a concerted push in the DACH region
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Reuters: Western German floods could prove pricey for insurers
German insurance industry association GDV plans to give its first estimate of the damage next week.
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wefox, Germany’s digital insurance unicorn, closes $650m Series C
wefox, the Berlin-based digital insurance company has raised a record US$650 million for its Series C funding, resulting in a post-money valuation of US$3 billion. This round represents the largest Series C to date for an insurtech globally.
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Aon to sell retirement and investment business in Germany to resolve EU Commission Qs
Aon today announced the firm has signed a definitive agreement to sell its pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany to Lane Clark & Peacock LLP (LCP).
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AnaCap makes growth investment in German insurance broker MRH Trowe
Mid-market private equity investor AnaCap Financial Partners (AnaCap) has made a significant growth investment into MRH Trowe (MRHT), an owner managed top-10 commercial lines insurance broker in Germany.
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German insurers in ‘final stages’ of credit backstop extension talks
German insurers are in the final stages of negotiating a six-month extension to a COVID-19 credit insurance backstop with the German government.