DACH
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BMW counts cost of global 1.5 million vehicles recall
German car manufacturer BMW has revised down its earnings targets for 2024 after shouldering the costs of a global recall…
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CEO concern rising over supply chain human rights abuse
There is rising concern among CEOs about human rights abuses in their supply chains, according to a 3,000-strong survey by…
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Activist investor Cevian claims largest stake in Baloise
Swedish activist investor Cevian Capital has tripled its stake in Swiss insurer Baloise to 9.4%, which it says makes it…
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Protection and unity key as FM continues German and global growth
As the German risk and insurance management community gathers for the annual GVNW Symposium, Adrian Ladbury talked to Nigel Todd,…
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Insurance market must rise to challenge of green transition
Adrian Ladbury interviews Udo Kappes, head of insurance at RWE, and finds that, along with many other German and European…
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GVNW sets focus on digital platform, ESG roadmap and captives
CEO of the GVNW and senior vice-president at BASF, Patrick Fiedler, told Commercial Risk that the association will focus on…
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Funk ‘fully backing’ GVNW’s digital risk placement platform
Leading German independent broker Funk is “fully backing” the GVNW’s new RD-X digital risk data exchange initiative, which the association…
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German hard market is over: WTW
The hard market is over in Germany, price increases have stopped and it will become easier again for companies to…
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PFAS litigation and exclusions to grow in Europe, experts warn
European companies should brace for much more litigation over the use of so-called forever chemicals, or PFAS, and more insurance…
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German business urges Von der Leyen to stand firm on new Green Deal
The Federation of German Industry (BDI) has welcomed the re-election of Ursula von der Leyen as president of the EC…
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GVNW expects Extremus extension
The German risk and insurance management association told members this week that it is confident government support for terror insurance…
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Perils estimates €1.6bn loss for southern Germany floods
The floods that hit southern Germany in May and June this year are set to cost insurers €1.59bn, according to…
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GDV reports worrying spike in cyber combined ratio
German insurance association GDV has urged businesses to invest more in cyber prevention and security as it revealed a sharp…
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AXA CEO defends oil and gas policy in face of GVNW scepticism
One of Europe’s top insurers defended his company’s restrictions on underwriting risks linked to oil and gas production, despite concerns…
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BMW CFO: insurers must be bold and impose fewer exclusions
Be brave, be bold and go easier with the exclusions. This is the message for insurers from one of Germany’s…
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GVNW reports solid progress on members and education
The GVNW continues to attract new members among the larger corporate risk and insurance management community and reports rising fee…
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GVNW foresees market easing despite tough spots
The GVNW expects insurance pricing to ease in the coming months across most lines but warns that corporate motor and…
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German insurers able to back €10bn cat scheme: AM Best
The German insurance market has adequate capacity to back a compulsory natural hazards scheme if it were introduced, AM Best…
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Industrial insurers need to adapt fast or face irrelevance: Schumacher
A leading German insurance manager has warned the insurance market that it risks rapidly losing core multinational customers if it…
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German insurers welcome EU climate protection gap report
The German insurance industry has joined the wider European insurance and risk management community in welcoming the EU study from…