Spain/Portugal
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March 21, 2024
Two-paced Spanish market softening in places with long-term agreements back on the table
The latest renewals showed that insurers have more appetite for Spanish risks, resulting in a significant softening in several market…
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March 21, 2024
Fitch predicts moderate rise in profitability for Portugal’s insurers in 2024
Portugal’s non-life insurance sector is expected to report improved profitability in 2024, with rate increases offsetting higher claims frequency and…
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February 27, 2024
Beazley highlights global cyber regulatory changes
The Portuguese Insurance and Pension Funds Supervisory Authority has recently declared that insurance contracts indemnifying the ransom payment associated with…
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February 26, 2024
Finland, Portugal and France top EU workplace gender-equality ranking
Finland has the most gender-equal workplaces in the EU, followed by Portugal and France, with Hungary bottom of the ranking…
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February 26, 2024
Valencia fire sparks cladding concern as Mapfre confirms it is on cover
The fire that killed at least ten people in Valencia last week has triggered a debate in Spain about the…
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February 14, 2024
Mapfre Global Risks net profit up 40%
Mapfre’s net profit growth of 7.7% to €692m in 2023 was driven by its Mapfre Re unit, which houses Mapfre…
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February 1, 2024
Generali strengthens position in Europe with Liberty Seguros deal
Generali has completed the acquisition of Liberty Seguros, Compañia de Seguros y Reaseguros, S.A. – the Spanish insurer that operates…
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January 10, 2024
Buyers in the UK and Italy face highest rate hikes in Europe this year, says Fitch
Non-life insurers in the UK and Italy will push through the strongest rate increases in Europe in 2024, according to…
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November 30, 2023
Spanish insurers to strengthen profits in 2024 after rate hikes, says Fitch
Spain’s non-life insurers are expected to report improved profits in 2024 following higher rates and a boost to investment returns,…
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November 29, 2023
Climate and net-zero disclosure falling short, finds EY
Disclosures about climate risk and how corporates will meet net-zero targets are “falling short”, says EY in its latest Global…
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November 23, 2023
UK to follow French lead as government consults on new captive regime
The UK risk and insurance management community received good news from its government this week, which announced plans to deliver…
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November 22, 2023
Favourable market conditions for financial institutions into 2024
Insurance market conditions will continue to be favourable for financial institutions for the remainder of 2023 and into the first…
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November 9, 2023
Insured losses from Europe’s storm Ciarán up to €1.3bn: Verisk
European storm Ciarán is estimated to have caused insured losses of between €800m and €1.3bn, according to initial estimates from…
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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…