Spain/Portugal
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IPT compliance guide from Sovos highlights changing regulatory landscape
An insurance premium tax (IPT) guide for insurers has been launched by tax compliance firm Sovos. It focuses on IPT…
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Injuries cost Europe’s leading football clubs €472.6m with Covid-19 losses just short of €50m
There were 494 reported Covid-19 cases across Europe’s top five leagues last season, resulting in players missing 7,068 days at…
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B3i Services to develop DLT-based solution for European nuclear pools
B3i Services, the global initiative owned by 21 major insurers, has been appointed by six nuclear pools in northwestern Europe…
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New Spain country manager for Berkshire Hathaway Specialty
Berkshire Hathaway Specialty Insurance (BHSI) has appointed Constanza Gállegos to its leadership team in Europe as country manager, Spain. She…
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Bermuda (re)insurers pay $23.3bn of P&C claims to EU customers in last five years
Bermuda (re)insurers have paid $23.3bn in P&C claims to customers in the European Union since 2016, according to data collected…
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Aon expands global tax insurance team with senior European appointments
Aon has boosted its global tax insurance team with the appointment of Christophe Bonneville, Cristina Chaparro and Joyce Koch in…
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Gallagher reports higher revenue and plans ‘tuck-in’ acquisitions after WTW deal collapse
AJ Gallagher reported total revenue of $1.9bn for the second quarter, a 22.2% increase over the same period last year,…
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Gallagher confirms WTW deal is off but has ‘excess cash’ to spend
A J Gallagher has confirmed the termination of its planned $3.57bn deal to acquire certain Willis Towers Watson (WTW) brokerage…
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Aon and WTW terminate $30bn deal over DoJ ‘impasse’
Aon and Willis Towers Watson (WTW) have cancelled their $30bn merger over an “impasse” with the US Department of Justice…
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Gallagher beefing up to become third option in Europe
A J Gallagher is receiving an “unusual” level of positive feedback from customers and carriers alike across Europe about its…
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Insolvencies to rise but Covid-19 armageddon in Europe likely avoided
Insolvencies of so-called ‘zombie’ companies kept afloat by government pandemic measures are still set to rise later this year and…
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Trade credit insurers ‘well prepared’ to go it alone as European backstops expire: AM Best
Insurers were “spared” from heavy trade credit losses in 2020 as governments across Europe stepped in as part of Covid-19…
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![Margrethe Vestager, EC commissioner in charge of competition policy Credit: Friends of Europe from Brussels, Belgium [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)]](https://www.commercialriskonline.com/wp-content/uploads/2019/03/0_Vestager-Margrethe_European_Commissioner_for_Competition-390x220.jpg)
EC gives Aon-WTW deal conditional approval
The EC has given Aon’s $30bn acquisition of Willis Towers Watson (WTW) conditional approval on the back of a raft…
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Agers calls for Spain to develop its own captive framework as market remains tough
One of Spain’s risk management associations has urged the authorities to develop legislation to make it easier for companies to…
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GDPR breach fines near €300m
Businesses have been fined €283.7m for GDPR breaches since the data protection rules first came into effect in May 2018,…
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Riskline adds French and Spanish travel alerts
Travel risk firm Riskline will now deliver message alerts in French and Spanish to business travellers, in addition to English.…
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Swiss Re warns of ‘urgent’ threat to biodiversity
Swiss Re has said one fifth of countries are at risk of their ecosystems collapsing and called for “urgent action”…
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Gallagher advances European strategy by five years with WTW deal, says CEO
Arthur J Gallagher is used to buying and integrating rival brokers, having completed more than 500 transactions in the past…
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Covid-19 pushes Europe to triple disaster-response budget
The EU has put in place new funding to strengthen the bloc’s response to natural and manmade disasters, including pandemics,…
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European countries carry higher earthquake risk in FM Global’s updated map
Several European countries now carry a higher risk of earthquake, according to the latest interactive global threat map from commercial…