Spain/Portugal
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Carriers reviewing cyber contracts to recalculate rates
Insurers are asking to review cyber contracts in a bid to adjust premium rates as risks evolve, according to the…
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Room for improvement in claims processes
Risk managers taking part in our Risk Frontiers Europe survey said there remain situations where claims handling takes too long,…
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Mapfre steps up game with brokers
Chris Smith was appointed to the newly created role of chief global brokers officer at Mapfre Group at the end…
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Mapfre retains appetite for global risks despite unit’s merger into reinsurance business
In July 2018, Mapfre chairman and CEO Antonio Huertas announced that Mapfre Global Risks (MGR), the group’s separately capitalised and…
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Retention strategies crucial as market hardens, hears AGERS congress
Companies must focus on risk retention strategies, through captives or higher deductibles, to mitigate the effects of what is now…
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IGREA names Daniel San Millán president
Spanish risk management association IGREA has chosen Daniel San Millán as its president for the next three years. It will…
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US April storm season hits new record, exposes protection gap
Storms in the US set a new record for April – one of the busiest storm months of the year…
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Liberty Mutual to acquire AmTrust’s global surety and credit reinsurance operations
Liberty Mutual Insurance is to acquire the global surety and credit reinsurance operations of AmTrust Financial Services. Liberty Mutual has signed a definitive agreement…
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Stable outlook for Italian and Spanish non-life insurance sectors, says Best
AM Best has maintained a stable market segment outlook on both the Italian and Spanish non-life insurance segments. In the…
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Chubb rolls out environmental risk management service to Europe
Chubb has launched a new service in continental Europe, the UK and Ireland to help clients deal with environmental incidents...
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Business feels impact of terrorism, with far-right on the rise
New research from Aon finds that 16% of terrorist attacks last year targeted or directly impacted business, with far-right extremism…
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Atradius predicts first increase in global insolvencies since financial crisis
Atradius is warning that global insolvencies are set to rise for the first time in a decade with western Europe…
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Mapfre Global Risks rating withdrawn after restructure
AM Best has withdrawn the financial strength rating of A (excellent) and the long-term issuer credit rating of A+ of…
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AGCS names Hartmut Mai as Andreas Berger’s replacement
Allianz Global Corporate & Specialty (AGCS) has appointed Hartmut Mai as chief regions and markets officer for central and eastern…
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New York, London and Hong Kong are top three financial centres
New York is still the leading financial centre in the world, followed by London and Hong Kong, according to the…
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Multinationals face new levels of political risk, warns Marsh
Multinationals face “unprecedented uncertainty” caused by growing political risk, Marsh warned on publishing its Political Risk Map 2019...
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Netherlands, Germany and UK record most GDPR breach notices
More than 59,000 personal data breaches have been reported across Europe since the introduction of the General Data Protection Regulation…
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Consumers see viruses and insurers as weak points in fight against cyber risk
Insurers are less trusted by consumers than banks and credit card companies to protect against cyber risk, according to a…
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Beazley adds to financial lines team in Barcelona
Beazley has appointed two financial lines underwriters for continental Europe. Based in Barcelona, Francisco Alcaide joins Beazley from Hiscox where…
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Swiss Re Corporate Solutions develops water-level parametric cover
Swiss Re Corporate Solutions has launched parametric water-level insurance for companies at risk of business interruption following changes in river…