Spain and Portugal News

XL Catlin in Iberia Taps Marsh’s Herrero as Head of Political Risk, Credit & Bond

XL Catlin’s insurance operation in Iberia announced new local underwriting capabilities with the appointment of Santiago Herrero as head of Political Risk, Credit & Bond (PRCB) – Iberia. Herrero will be based in Madrid and reports to Dan Riordan, XL …

Re/Insurance Broker BMS Launches Spain-Based BMS Iberia

BMS Group Ltd., the London-based specialist insurance and reinsurance broker, announced the launch of a new European venture, BMS Iberia. The operation will be spearheaded by recently appointed directors Fernando Claro in Madrid and Domingo Albi in Seville, and will …

XL Catlin Expands Professional Indemnity Offering in Iberia

XL Catlin’s insurance operation in Iberia announced an extension of its professional indemnity coverage. Traditionally, the coverage protects professional service firms against legal costs and claims for damages to third parties which may arise out of an act, omission or …

XL Catlin Launches Five Financial Institutions Insurance Solutions in Iberia

XL Catlin’s insurance operation in Iberia announced that it is launching five new insurance solutions for financial institutions. The coverage is for directors & officers liability, civil liability, comprehensive crime, private equity / venture capital liability and investment management. “Spain’s …

MAPFRE Details Future Plans – U.S. Expansion, Increased Operating Revenue

Spanish insurance group MAPFRE’s Chairman and CEO, Antonio Huertas, referred to the strategic objectives for the next three years, as he announced the highlights at its Annual General Meeting. The group forecast operating revenues by 2016 at €30 million [$41 …