French and Spanish firms face new D&O risks

French and Spanish firms face new D&O risks

French and Spanish firms face new D&O risks

While D&O exposures are particularly acute in the UK and Germany, they are also up in Spain and France, according to XL Catlin. A trend towards greater accountability, increased shareholder activism and regulatory investigations are likely to increase D&O liability in both countries over time, according to one of the insurer’s underwriters. For example, reform of the Spanish Companies Act…

Building a global programme for construction

Building a global programme for construction

Building a global programme for construction

Globalisation is never far from the headlines. Against a shifting geopolitical backdrop and a slowdown in global trade, construction companies are looking to new areas and emerging economies to achieve growth. Meanwhile, laws and regulations around the world are constantly changing. In times of uncertainty, a coordinated approach to risk management and risk transfer is key.

Revenues up but profits down at Mapfre Global Risks

Revenues up but profits down at Mapfre Global Risks

Revenues up but profits down at Mapfre Global Risks

Mapfre Global Risks, the Spanish insurance group’s operation dedicated to the large corporate market, reported healthy premium growth in 2016 of 3.2%, up to a total of €1.21bn, as the group reported healthy overall year-end results. The Global Risks unit, however, reported net profits down by 18.1% to €47m and a return on equity (ROE) of 11.9%, compared with group…

Berkshire Hathaway Specialty opens new London office

Berkshire Hathaway Specialty opens new London office

Berkshire Hathaway Specialty opens new London office

Berkshire Hathaway Specialty Insurance Company (BHSI) has established a new office in London to serve brokers and customers in the UK and southern European countries, including Ireland, Spain, France and Italy. Richard Nathan has been named head of property lines; Patrick Brown as head of executive & professional liability; and Andrew Walker as head of claims. Richard Nathan was most…

Fiscal Reps appoints new client director

Fiscal Reps appoints new client director

Fiscal Reps appoints new client director

FiscalReps has appointed Nazaret Gonzalez as client director in its insurers practice. She joined FiscalReps in 2011, after completing a Master’s Degree in Economics at Alicante University. Ms Gonzalez became a member of the Asociacion Profesional de Expertos Contables y Tributarios de España and is currently completing her ACA qualification. CEO of FiscalReps, Mike Stalley, said: “Core to FiscalReps’ success…

Igrea publishes book to advise Spanish firms on growing captive use

Igrea publishes book to advise Spanish firms on growing captive use

Igrea publishes book to advise Spanish firms on growing captive use

The use of captives is not widespread among Spanish companies but as they expand abroad, firms are increasingly using such sophisticated risk management tools. Experts at CRE’s recent Risk Frontiers Madrid event, organised in association with Spain’s corporate risk management association Igrea, were on hand to deliver advice to risk managers embarking on the captive journey.

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