Spain/Portugal
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Haagen exits as Allianz continues strategic repositioning
Henning Haagen has resigned as chief regions and markets (CRMO) officer for Allianz Global Corporate & Specialty (AGCS) to take…
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Leading non-life European insurers saw 13.4% growth in premium last year
The top 15 European insurance groups in Mapfre’s 2022 Ranking of the Largest European Insurance Groups boosted their premium income…
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Lockton seals Jhasa deal for growth in Spanish market
Lockton has agreed a partnership with Spanish independent broker Jhasa, which specialises in construction, energy and M&A risks, to boost…
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Sompo names head of casualty for Iberia
Sompo International has appointed Carlos Ortega as head of casualty insurance for Iberia. Ortega joins Sompo from QBE’s European operations,…
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First risks written by Hiscox’s Lloyd’s sub-syndicate ESG 3033
Hiscox has underwritten the first risks in its recently launched Lloyd’s sub-syndicate, ESG 3033, providing cover for a new wind…
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Mapfre partners with Lobelia Earth on climate change portfolio assessment pilot
Spanish insurer Mapfre has partnered with climate data firm Lobelia Earth to explore the ability to predict the impact of…
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Extreme heat could make areas uninsurable says Spanish insurer
The CEO of Spain’s largest insurer has suggested that climate change and the rise in temperatures could leave some areas…
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AXA buys GACM España for €310m
AXA has competed its €310m acquisition of Spanish P&C and health insurer Groupe Assurances du Crédit Mutuel España (GACM España).…
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Mounting calls for onshore EU captives despite hurdles
Several companies are now looking to establish captives in France following changes to the country’s captive laws, but calls for…
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Sompo International appoints head of property insurance for Iberia
Jesús García Matas has been appointed as head of property insurance for Iberia by Bermuda-based Sompo International. He joins Sompo…
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AXA in Spanish renewable energy deal
AXA is supporting the development of renewable energy in Spain with the signing of a ten-year Virtual Power Purchase Agreement…
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Fusion Specialty launches southern Europe branch in Madrid
MGA Fusion Specialty Europe has expanded into southern Europe with the launch of a new branch in Madrid. The southern…
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Insurtech funding falls but $7trn market opportunity
Insurtech funding fell to $2.4bn for the first half of 2023, a decline of 45% from the same period in…
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Allianz extends global commercial board member term to 2028
Allianz has extended the term for board member Christopher Townsend – who is responsible for global insurance lines, global commercial…
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Spanish risk managers gain important seat at legislative table
As technologies disrupt the insurance industry, regulation will have to follow suit. It is good news therefore that Spanish risk…
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Spain’s risk managers welcome digital marketplace for corporate risks
A Spanish insurtech is trying to make a mark in the large risks market, a field where its peers have…
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Spanish companies need to invest in talent to maximise benefits of AI
Companies around the world are rushing to embrace new artificial intelligence technologies, and the situation is no different in Spain.…
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Hard market easing for Spanish buyers but risks still need to be sold
After more than three years of hard market, insurance rates and conditions seem to be moderating in Spain, although insurers…
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Cyber MGA Resilience launches in EU
Cyber MGA Resilience is expanding into Europe and will now offer $5m limits backed by HDI Global Specialty to insurance…
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Risk profession gaining recognition but war for talent intensifying in Spain
Leading Spanish risk managers believe that their function was boosted by the Covid-19 pandemic and that risk and insurance management…