The initiative by the City of Cologne to promote itself as the leading centre of insurance and reinsurance in Germany was given a significant boost this week as Berkshire Hathaway Specialty Insurance (BHSI) confirmed its decision to relocate to the city from Düsseldorf in June.
NRW.INVEST, the economic development agency of the huge North Rhein Westphalia region of Germany, is to hold a roundtable discussion on the changing investment trends for insurance companies and asset managers in the light of the UK’s departure from the European Union (Brexit) in London on March 11.
UK insurers keen to continue German business still need local base despite BaFin’s potential passporting extension
UK insurers that have customers in Germany will be pleased to hear that the German legislator has passed a measure that allows the financial supervisor – Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) – to adopt a temporary order that will allow insurers to continue to honour contracts in the country in the event of a no-deal Brexit.
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…
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