Spain/Portugal
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Storm Boris insured losses rise to €2bn: Perils
Insured losses from floods in central European and Italy this September are now estimated to have cost €2.08bn, 10% higher…
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Zurich concerned over continuing rise in EU litigation funders
Zurich Insurance wants more focus on the rising number of litigation funders setting up in the EU and is concerned…
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Regulatory overload a key risk, say Spanish risk managers
The raft of European regulations, and the compliance challenges they create for companies, rank among the top risks faced by…
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Spain’s nat cat pool receives 225,330 claims from record-flood loss
Spain’s nat cat insurance pool believes losses from flooding in Valencia and other parts of the southeast at the end…
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Mapfre Re launches first cat bond
Mapfre Re has launched its first ever cat bond, becoming the second European carrier this month to tap capital markets…
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Europe leads rise in protectionism to secure supply chains
European countries are leading a global trend towards more protectionist policies, according to risk intelligence research firm Verisk Maplecroft. New…
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BMS buys Spanish broker Rasher
Insurance broker BMS Group is buying Spanish firm Rasher and its Latin American subsidiaries in Colombia and Peru. Rasher specialises…
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Agers publishes AI risk handbook
Spanish risk management association Agers has published a new handbook to help risk managers tackle the challenges created by emerging…
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European firms take biggest hit from trade wars: Verisk Maplecroft
European businesses are among the hardest hit by rising costs from deglobalisation and more protectionist trade policies, according to risk…
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Fitch backs state nat cat schemes in Europe as risk grows
The role of state-backed insurance schemes to cover exceptional risks, such as natural catastrophes, will become increasingly significant in supporting…
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Spain fines five airlines €179m for ‘abusive’ surcharges
Spain has fined five budget airlines a combined €179m for “abusive” practices, including charging passengers for hand luggage, imposing extra…
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Crawford & Co expands in Spain
Lass adjuster Crawford & Co has opened three new offices in Spain as it continues its expansion across the country.…
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Spanish flood loss estimate rises to €4bn, analyst warns of rate hikes
Morningstar DBRS has increased its estimate of insured losses from flooding in Spain’s Valencia region two weeks ago to at…
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Agers on the up as it celebrates 40th anniversary
Spanish risk management association Agers celebrated its 40th anniversary this year with a growing membership, increasingly dynamic activities and co-hosting…
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Agers leader backs reunion with Igrea
Spain is an anomaly among Europe’s risk management sector as the country has two associations representing the profession. The leader…
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Valencia floods set to be biggest nat cat loss ever in Spain
Estimates of the damage caused by floods in southeastern Spain early this month are rising and signs are that it…
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Spanish buyers see signs of softening but conditions remain tight
Rates are softening in the Spanish insurance market but underwriting continues to be rigorous and deductibles have not yet fallen,…
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Big Spanish firms urged to help develop risk management across supply chains
Experts say that the risk function has made significant inroads at large Spanish companies since the global financial crisis and…
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Historic floods put Spain’s cat pool in the spotlight
The tragic floods that hit the south of Spain in early November put the work of Consorcio de Compensación de…
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Latin America presents risk and opportunity for Spanish firms
One of the big themes at the recent Ferma Forum in Madrid was how Spanish risk managers can help develop…