Tom Sims

Frankfurt am Main

Senior Correspondent at Reuters

Journalist with Reuters based in Germany. Former NYT, IHT and WSJ. [email protected]

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Articles

German watchdog finds no abuse in companies' pre-results calls with analysts

4 days ago | reuters.com | Tom Sims

The logo of Germany's Federal Financial Supervisory Authority BaFin (Bundesanstalt fuer Finanzdienstleistungsaufsicht) is pictured outside of an office building of the BaFin in Bonn, Germany, April 15, 2019.
German watchdog finds no abuse in companies' pre-results calls with analysts

4 days ago | today.westlaw.com | Tom Sims

FRANKFURT (Reuters) -An investigation by Germany's financial watchdog has found no reason to change companies' practice of communicating with analysts before publishing results, following media concerns about the potential disclosure of insider...
Deutsche Bank CEO calls 2025 a 'year of reckoning'

2 weeks ago | sg.finance.yahoo.com | Tom Sims |Matthias Inverardi

Tom Sims and Matthias Inverardi Thu, 22 May 2025 at 3:45 am GMT-5 2 min read In this article: By Tom Sims and Matthias Inverardi FRANKFURT (Reuters) -Deutsche Bank CEO Christian Sewing on Thursday called 2025 a "year of reckoning" for Germany's largest bank as it faces a deadline to meet ambitious targets on costs and profitability.
Commerzbank CEO and workers rally to fend off UniCredit as investors meet

3 weeks ago | today.westlaw.com | Timm Reichert |Tomasz Janowski |Friederike Heine |Tom Sims

WIESBADEN (Reuters) -Commerzbank's chief executive and hundreds of employees voiced support for the German lender's standalone strategy as its shareholders met on Thursday, stepping up efforts to fend off advances of Italy's UniCredit.
German Property Lender PBB to Shun New US Business

3 weeks ago | gurutrade.com | Tom Sims |Ludwig Burger |Rachna Uppal

FRANKFURT, May 14 (Reuters) - Deutsche Pfandbriefbank, one of Germany's top property financiers, said it would not take on new business in the United States and that it would examine "all options" for its existing U.S. business. The lender, also known as PBB, reported a 17% drop in first-quarter net profit on Wednesday and said it would review the timing of a planned share buyback as markets were more volatile than expected.
German property bank PBB to shun new US business, citing Trump volatility

3 weeks ago | marketscreener.com | Tom Sims |Alexander Hübner

By Tom Sims and Alexander Hübner FRANKFURT (Reuters) - Deutsche Pfandbriefbank, one of Germany's top property financiers, said it would not take on new business in the United States, in a major strategic shift, as it considered the country too volatile under President Donald Trump. The lender, also known as PBB, said it would evaluate "all options" for its existing U.S. business, without elaborating. The U.S. is PBB's second biggest market, making up 14% of its loan portfolio.
German Reinsurers Report Q1 Profits Down Sharply on Los Angeles Wildfire Claims

3 weeks ago | insurancejournal.com | Tom Sims |Alexander Hübner

Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp declines in first-quarter profit on Tuesday after a combined 1.7 billion euros ($1.89 billion) in claims relating to the Los Angeles wildfires this year. The wildfires killed nearly 30 people and damaged more than 16,000 structures, charring an area bigger than Paris. (Editor’s note: Munich Re’s wildfire claims were €1.1 billion while Hannover Re reported a price tag of €631 million).
独再保険2社、ＬＡ山火事で第1四半期減益保険請求19億ドル

3 weeks ago | jp.reuters.com | Tom Sims

５月１３日、ドイツの再保険大手ミュンヘン再保険とハノーバー再保険は、米ロサンゼルス近郊で今年発生した大規模な山火事に関連する保険金請求額が、合計で１７億ユーロ（約１８億９０００万ドル）に達したと明らかにした。写真はミュンヘン再保険グループの本社ビルのロゴ。ドイツのミュンヘンで２０１９年３月撮影（２０２５年ロイター/Andreas Gebert） [フランクフルト１３日ロイター] - ドイツの再保険大手ミュンヘン再保険(MUVGn.DE), opens new tabとハノーバー再保険(HNRGn.DE), opens new tabは１３日、米ロサンゼルス近郊で今年発生した大規模な山火事に関連する保険金請求額が、合計で１７億ユーロ（約１８億９０００万ドル）に達したと明らかにした。この結果、両社は第１・四半期に大幅な減益となったが、通期の利益予想は据え置いた。ミュンヘン再保険が発表した第１・四半期決算は、純利益が１０億９４００万ユーロと、前年同期の２１億１５００万ユーロから減少した。アナリスト予想の平均（１１億１２００万ユーロ）をわずかに下回った。...
Munich Re's quarterly profit slumps 48% on Los Angeles wildfire claims

3 weeks ago | ca.marketscreener.com | Tom Sims |Alexander Hübner

By Tom Sims and Alexander Hübner FRANKFURT (Reuters) -German reinsurer Munich Re reported a 48% drop in first-quarter net profit on Tuesday, pressured by 1.1 billion euros ($1.22 billion) in claims from the Los Angeles wildfires earlier this year. Munich Re, the world's largest reinsurer, said its net profit in the reported quarter came in at 1.094 billion euros, down from 2.115 billion euros a year earlier. Analysts, on average, had forecast a net profit of 1.112 billion euros.
Munich Re's quarterly profit slumps 48% on Los Angeles wildfire claims

3 weeks ago | marketscreener.com | Tom Sims |Alexander Hübner

MUNICH RE Add to a list Market Closed - Xetra 11:44:59 2025-05-13 am EDT After hours 12:08:13 pm 554.40 EUR -4.55% 556.50 +0.38% Munich Re's quarterly profit slumps 48% on Los Angeles wildfire claims Published on 05/13/2025 at 01:39, updated on 05/13/2025 at 01:53 By Tom Sims and Alexander Hübner FRANKFURT (Reuters) -German reinsurer Munich Re reported a 48% drop in first-quarter net profit on Tuesday, pressured by 1.1 billion euros ($1.22 billion) in claims from the Los Angeles wildfires...