Spain/Portugal
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November 2, 2023
Spanish and Italian risk managers push for simplified captive rules
Leading risk managers have urged Italian and Spanish regulators to align themselves with other European jurisdictions and make it easier…
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November 2, 2023
Fresh reinsurance capital failing to boost competition in Spain
New reinsurance capital is failing to boost competition in the commercial ad corporate insurance market as it is not resulting…
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November 2, 2023
Latest insurance premium tax rate changes from TMF Group
TMF Group has announced the latest rate changes to insurance premium tax (IPT) and other insurance levies around the world,…
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October 30, 2023
Mapfre unveils new structure and international unit
Mapfre has unveiled a new structure, which includes integrating its international operations, and announced multiple executive changes as it seeks…
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October 27, 2023
Mapfre Global Risks sees profit and premium rise
Mapfre Global Risks has seen its premiums rise 11.3% over the first nine months of this year to €1.5bn and…
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October 25, 2023
HDI Global launches branch office in Portugal
German industrial insurer HDI Global said it will open a new branch office in Portugal as part of growth plans…
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October 18, 2023
Arch expands cyber business in Spain and Portugal
Arch Insurance has announced the appointments of Jose Carlos Jiménez Fernández and Rafael Ortiz Losada as senior cyber underwriters in…
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October 17, 2023
Sompo International set for further expansion and growth in Europe
Sompo International will continue its recent expansion across continental Europe over the next 12 to 24 months and aims to…
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October 11, 2023
Spanish airline reports cyberattack on credit card data
Spanish airline Air Europa has disclosed that its online payment system was hit by a cyberattack, exposing the credit card…
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October 9, 2023
European insurance M&A surge boosted by broker consolidation
Merger and acquisition (M&A) activity in the European insurance sector increased 22% in H1 2023, according to FTI Consulting, with…
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September 21, 2023
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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September 12, 2023
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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September 12, 2023
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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September 8, 2023
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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August 4, 2023
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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August 2, 2023
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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August 1, 2023
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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July 13, 2023
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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July 13, 2023
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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July 4, 2023
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…