DACH
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AGCS warns aviation insurers storing up troubles
Aviation insurers may be storing up problems for the future as falling premium prices caused by overcapacity in the market…
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DVS criticises key aspects of recently passed German IT Security Bill
German risk and insurance manager association DVS has criticised aspects of its country's IT Security Bill that was recently passed…
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Europe awards first Solvency II equivalent status, but Bermuda yet to fully comply
Switzerland has been awarded full equivalence with Europe's new capital adequacy regime for insurers, Solvency II, but Bermuda still has…
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German risk transfer professionals urged to earn relevance as influence wanes
German insurance managers and captive brokers are underappreciated and in many instances losing their influence, experts said at an industrial…
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German cyber market grows but held back by inconsistent wordings and price
The German cyber insurance market is gaining momentum but is still held back by a lack of uniformity in wordings…
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DVS board member Henne criticises brokers and urges them to up their game
Brokers are making little or no effort to change their business model in order to better serve customers and are…
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DVS and risk transfer partners critical of German IT security bill
German risk managers, insurers and brokers are unhappy with their government's planned IT Security Act claiming it is being rushed…
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Insurers must change model or drown under ‘rising water’ says DVS’ Mahnke
Industrial insurers will no longer be of interest to large companies unless they reinvent their business model, Alexander Mahnke, Insurance…
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Germany consults on IT security bill as survey reveals huge impact of cyber risks
As the German government consulted on its draft IT security bill this week, a new survey by the country's Federal…
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Kreditech data breach may spur interest in German cyber market
A data breach at Hamburg-based finance startup Kreditech that supplies small loans in eastern and southern Europe and in Latin…
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Draft German Security Act lacks teeth bemoans Zurich
Zurich has criticised the German government's planned IT Security Act claiming it does not go far enough or cover the…
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Edwin Meyer passes away aged 59
Edwin Meyer, General Manager, Risk and Insurance Management at steel giant ArcelorMittal, passed away on Saturday following a heart attack.…
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German managers feel more exposed to D&O risks
Senior German executives and managers believe they are susceptible to even more market risks than previously. "The subjective feeling is…
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German market upheaval on cards as BaFin considers Hufeld promotion
There may be upheaval in the German insurance industry as media reports suggest that Felix Hufeld, currently chief executive director…
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German industry and credit insurers feel the effects of Russian sanctions
The sanctions in place as a result of the conflict over Ukraine are having a negative effect on German industry…
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Outlook for German non-life sector stable as declining competition fuels rate increase: Fitch
Fitch has confirmed its stable rating and sector outlooks for the German non-life insurance market as it churns out continued…
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Corporate round-up
China Re gets approval for standalone Lloyd's syndicate, New sales executive for AXA Corporate Solutions Germany, Aon appoints Lindqvist as…
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EC moves to stop spread of avian influenza
The European Commission this week adopted emergency measures to help contain an outbreak of avian influenza in Holland, the UK…
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Demand for fidelity insurance on the rise in Germany as cyber risks mount
Demand for fidelity insurance is on the rise in Germany as organisations become increasingly concerned by cyber risks, experts say.
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Corporate round-up
Swiss Re Corporate Solutions opens office in Frankfurt, XL names Eric Zandvliet as senior political risk and trade credit underwriter,…
