https://feeds.thelocal.com/ Read the latest news and views from Germany in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Floods that devastated parts of Germany in June could be the costliest natural disaster ever to hit the country, a top insurer said on Tuesday. The company is calling for an end to building in flood-prone areas. https://www.thelocal.de/20130709/50757 Tue, 09 Jul 2013 12:27:00 +0200 50757 Munich Re, the world's biggest reinsurer, said Tuesday its bottom-line profit increased by more than fourfold in 2012 because natural catastrophes cost it less than a year ago. https://www.thelocal.de/20130205/47781 Tue, 05 Feb 2013 18:23:00 +0100 47781 Munich Re, the world's biggest reinsurer, said Thursday that profits plummeted last year due to heavy losses from both the eurozone debt crisis and a string of natural catastrophes. https://www.thelocal.de/20120202/40497 Thu, 02 Feb 2012 11:20:00 +0100 40497 The world's biggest re-insurance group, Germany's Munich Re, said Thursday that its second quarter net profit rose 3.8 percent to €736 million ($1.05 billion) despite a heavy charge on its holdings of Greek debt. https://www.thelocal.de/20110804/36741 Thu, 04 Aug 2011 12:43:00 +0200 36741 German reinsurance group Hannover Re said Wednesday that the Japanese disasters would cost it around €250 million ($350 million), six times less than global giant Munich Re. https://www.thelocal.de/20110323/33907 Wed, 23 Mar 2011 12:45:00 +0100 33907 German re-insurance giant Munich Re posted Thursday a 2010 net profit of €2.43 billion ($3.35 billion) despite heavy losses from natural disasters and promised shareholders an improved dividend. https://www.thelocal.de/20110203/32867 Thu, 03 Feb 2011 16:42:00 +0100 32867 German insurance group Munich Re posted a better-than-expected second quarter net profit on Wednesday owing to earnings from investments, and raised slightly a full-year sales target despite losses from events such as the BP oil catastrophe. https://www.thelocal.de/20100804/28945 Wed, 04 Aug 2010 15:51:00 +0200 28945 Deutsche Bank and insurers Allianz and Munich Re could lend Greece €1 billion ($1.3 billion) on the same terms as a EU-IMF bailout package, the Financial Times Deutschland reported on Monday. https://www.thelocal.de/20100503/26939 Mon, 03 May 2010 12:41:00 +0200 26939 The world's biggest reinsurer, Munich Re, reported Tuesday that net profit soared 62 percent last year, exceeding the group's own forecast owing to a sharp decline in natural disasters. https://www.thelocal.de/20100202/24967 Tue, 02 Feb 2010 09:50:00 +0100 24967 US investor Warren Buffett announced on Thursday he had raised his holding in Munich Re, the world's leading re-insurance company. https://www.thelocal.de/20100128/24881 Thu, 28 Jan 2010 14:55:00 +0100 24881 Natural disasters linked to climate change could cost the insurance industry billions of dollars in extra settlement payments every year, German insurance giant Munich Re said Thursday. https://www.thelocal.de/20091126/23549 Thu, 26 Nov 2009 19:37:00 +0100 23549 Munich Re, one of the world's top reinsurance companies, surprised analysts on Tuesday with strong second-quarter figures, the latest in a row of mostly upbeat global financial sector results. https://www.thelocal.de/20090804/21023 Tue, 04 Aug 2009 15:36:00 +0200 21023 German re-insurance giant Munich Re warned Friday that its 2008 net profit would miss previous forecasts although it would be "still well above €2 billion" ($3.14 billion). https://www.thelocal.de/20080725/13289 Fri, 25 Jul 2008 14:52:00 +0200 13289