Audi boss arrested in Germany over diesel emission scandal

Audi boss arrested in Germany over diesel emission scandal

Audi boss arrested in Germany over diesel emission scandal

Head of car manufacturer Audi, part of the Volkswagen group, has been arrested in Germany as part of investigations into diesel emissions testing. Rupert Stadler, chief executive of Audi, is the highest-ranking VW executive to be held for questioning in Europe since it was first revealed that the car manufacturer cheated diesel emissions checks in test vehicles three years ago.…

Security risk alliance opens Paris and Frankfurt desks

Security risk alliance opens Paris and Frankfurt desks

Security risk alliance opens Paris and Frankfurt desks

Medical and security specialists International SOS and Control Risks have strengthened their collaboration with the launch of two new desks in European cities Paris and Frankfurt. The new units will be serviced in local languages and add to existing security desks in Tokyo, Seoul and Beijing established in 2012. Mick Sharp, COO of travel security at International SOS and Control…

German insurtech effort picks up pace as market gathers in Cologne and Coya raises further $30m

German insurtech effort picks up pace as market gathers in Cologne and Coya raises further $30m

German insurtech effort picks up pace as market gathers in Cologne and Coya raises further $30m

The drive by Germany to lead the insurtech revolution gained further momentum this week as more than 500 representatives of the German and international insurance industry, investors, IT specialists, startups and students gathered in Cologne for its second insurtech week. The week is organised by startup incubator and accelerator Startplatz along with InsurLab, the thinktank created to lead Germany’s insurtech…

Cologne mayor hails Newline’s decision to use city as EU base

Cologne mayor hails Newline’s decision to use city as EU base

Cologne mayor hails Newline’s decision to use city as EU base

Cologne’s Lord Mayor Henriette Reker has welcomed the decision by international specialty insurance group Newline to set up its new European Union base in the city, and believes it is further proof that Cologne will become a leading insurance hub for international insurers keen to secure access to the EU post-Brexit. Newline, the international specialty insurance and reinsurance company that…

Allianz to buy 8% stake in Africa Re

Allianz to buy 8% stake in Africa Re

Allianz to buy 8% stake in Africa Re

Allianz Group is to buy an 8% stake in Africa Re for $81m. Under the terms of the agreement, the total cash consideration for the 8% slice of Africa’s largest reinsurer would amount to $81m (or €69m). Niran Peiris, member of the board of management of Allianz SE, responsible for global insurance lines and Anglo markets, reinsurance, Middle East and…

Enterprise-wide risks demand an enterprise-wide network of friends

Enterprise-wide risks demand an enterprise-wide network of friends

Enterprise-wide risks demand an enterprise-wide network of friends

The CFO should be the best friend of a pure insurance manager, but if that individual holds a wider risk management brief they need to be close to all key functions within the organisation such as IT, legal, health and safety and HR, according to leading members of the German risk management association GVNW. In Germany, as elsewhere in Europe,…

GVNW to deliver blueprint on risk and insurance management for mid-market

GVNW to deliver blueprint on risk and insurance management for mid-market

GVNW to deliver blueprint on risk and insurance management for mid-market

German risk management association GVNW hopes to present findings of research on how mid-sized companies currently view and carry out risk and insurance management at its annual symposium in Munich this September, simultaneously delivering a best practice guide for such firms. The association revealed during last year’s annual conference in Munich that it had commissioned the University of Leipzig to…

Insurers should direct investment towards talent and customer-focused technology: GVNW

Insurers should direct investment towards talent and customer-focused technology: GVNW

Insurers should direct investment towards talent and customer-focused technology: GVNW

Investment in brain power and technology that actually delivers what customers need and want should be key priorities for the commercial and corporate insurance sector during the coming years, according to a panel of senior German risk and insurance managers. Those risk managers who attended our annual roundtable discussion for the European Risk Frontiers Europe survey were asked what they…

Cyber: Signs of market growing up as limits begin to tighten

Cyber: Signs of market growing up as limits begin to tighten

Cyber: Signs of market growing up as limits begin to tighten

Insurers and brokers are often accused of using fast-rising awareness of cyber risk at c-suite level as an excuse for creating a new revenue stream for them and, naturally, an extra, unwelcome cost for customers. Many risk managers across Europe, including Germany, have told Commercial Risk Europe that cyber should be included as an extension within existing lines of business…

European countries top FM Global’s resilience index but struggle on cyber risk

European countries top FM Global’s resilience index but struggle on cyber risk

European countries top FM Global’s resilience index but struggle on cyber risk

Business resilience to risk and disruption is highest in Switzerland, followed by Luxembourg and Sweden, finds a global index of 130 countries and jurisdictions published by FM Global. However, European countries have deteriorated when it comes to cyber resilience. Myanmar, Nigeria and Madagascar were the bottom three ranked countries in the overall index. Based on 12 measures of resilience across…

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