Latest Spain Headlines
All the headlines from our Spain Topic Page, ordered by recency.
Liberty Mutual to Acquire AmTrust’s Surety, Credit Reinsurance Business
Apr 15 2019 // Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Terms of the deal were not disclosed. Upon closing,...
Allianz, Generali & Liberty Mutual Vying to Invest in BBVA Bancassurance Arm: Sources
Feb 28 2019 // European insurers Allianz and Generali are vying with U.S. rival Liberty Mutual to invest in the bancassurance business of Spanish lender BBVA, four sources familiar with the matter told Reuters. The sale, led by Bank of...
Spain Supreme Court Orders $1.7B Compensation for 2002 Prestige Oil Spill
Dec 27 2018 // Spain’s Supreme Court has ruled that the captain and the insurer of the Prestige oil tanker must pay more than 1.5 billion euros ($1.7 billion) in compensation for Spain’s biggest environmental disaster, when...
EU, UK Agree Draft Text for Post-Brexit Ties Although Some Wrangles Remain
Nov 22 2018 // Britain and the European Union have agreed a draft text setting out a close post-Brexit relationship, though wrangling with Spain over control of Gibraltar must still be settled before EU leaders meet on Sunday in order to...
JLT Re Acquires JLT March Re in Spain, Launches JLT Re Iberia
Nov 13 2018 // JLT Re, the global reinsurance broker and consultant, announced the launch of JLT Re Iberia, which follows the acquisition of JLT March Re, the fourth largest Spanish insurance broker, from financial group Banca...
Spanish Mayor Offers Gibraltar’s Insurers a Solution for Post-Brexit Access to EU
Apr 19 2018 // A small town mayor from southern Spain is offering Gibraltar-based insurers a way to retain access to the European Union single market after Britain leaves the bloc next year. Juan Franco of La Linea on the southern tip of...
Mastermind Behind ATM Malware Attacks Arrested in Spain
Mar 27 2018 // The mastermind behind malware attacks that programmed ATMs to spit out cash on demand and caused more than 1 billion euros ($1.2 billion) of losses, has been arrested in Spain. The leader of a criminal gang that carried...
Sompo International to Launch Specialty Operation in Spain; Executive Team Named
Mar 6 2018 // Sompo International announced it will launch a specialty insurance underwriting operation in Barcelona, Spain. Sompo currently has a London-based operation but must open EU-based headquarters in order to conduct business...
Zurich, Insurtech Startup CoverWallet Offer End-to-End Insurance for SMEs in Spain
Feb 16 2018 // Zurich Insurance has launched ZurichEmpresas.es, a new digital distribution channel, which initially will provide insurance solutions for small-and-medium-sized enterprises (SMEs) in Spain. The platform, powered by...
Nearly 75% of Organizations in 5 Countries Fail in Cyber Security Readiness: Hiscox
Feb 7 2018 // Major shortcomings exist in cyber security readiness for nearly three-quarters (73%) of more than 4,100 organizations in five countries, despite keen awareness of the threat, according to a study commissioned by specialist...
Beazley Launches Suite of Financial Lines Products in Spain
Oct 31 2017 // Specialist insurer Beazley has unveiled a comprehensive suite of financial lines products in Spain, designed for the needs of a broad range of commercial and financial organizations. Led by Lorena Segovia, Beazley’s...
Beazley Taps XL Catlin’s Taboada, Zurich’s Misol as Financial Lines U/Ws, Spain
Oct 30 2017 // Specialist insurer Beazley continues to build its international specialty lines team, with the appointments of Estefania Taboada and Ana Misol as financial lines underwriters in Barcelona. Their appointments follow the...
Re/Insurance Broker BMS Launches Spain-Based BMS Iberia
Sep 6 2017 // 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...
5 Suspected Terrorists Shot Dead by Police After Barcelona’s Deadly Attack
Aug 18 2017 // Five suspected terrorists were killed by police and six civilians were injured in a confrontation in a town south of Barcelona, hours after 13 people died when a van rampaged down the city’s iconic Las Ramblas...
Update: Vehicle Plows into Barcelona Pedestrians with 13 Dead, 50 Injured
Aug 17 2017 // A van plowed into pedestrians on Barcelona’s most iconic avenue at the height of the tourist season in a terrorist attack that left 13 people dead and echoed similar incidents in other European...
Devastating S. Europe Drought Scorches Crops; Farmers Question Their Future
Jul 17 2017 // Italian durum wheat and dairy farmer Attilio Tocchi saw warning signs during the winter of the dramatic drought to come at his holding a mile away from the Tuscan coast. “When it still hadn’t rained at the...
Insurance Hub Gibraltar Plans for End of EU Passporting After Brexit
May 9 2017 // Gibraltar is preparing for a post-Brexit setup in which its firms will have no longer access to the European Union market but will maintain a preferential relationship with Britain, a top Gibraltar financial official said...
XL Catlin Expands Professional Indemnity Offering in Iberia
Mar 17 2017 // 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...
EU Court to Decide Whether Uber Is an App or a Transport Company
Nov 30 2016 // Fifteen judges at the European Union’s top court are trying to decide, once and for all, whether Uber Technologies Inc. is an app or a transport company. The question has long vexed regulators and lawmakers across...
Gibraltar Weighs Post-Brexit Reinvention if UK Loses Passporting Rights
Sep 23 2016 // Gibraltar, a rocky British enclave on Spain’s southern tip that has positioned itself as a springboard for finance to the European Union, may have to reinvent itself after Britain voted to split from the bloc. Fund...
