Latest Spain Headlines
All the headlines from our Spain Topic Page, ordered by recency.
GM Wins Second ‘Bellwether’ Ignition Switch Trial
Mar 31 2016 // General Motors Co. won its second straight trial against drivers who blamed car wrecks on faulty ignition switches, boosting the company’s outlook for resolving hundreds of similar cases on more favorable terms. The...
GM Tells Ignition Switch Jury: ‘Sometimes Accidents Just Happen’
Mar 15 2016 // “Sometimes, accidents just happen,” a lawyer for General Motors Co. told a U.S. jury in defense of the carmaker at a test trial over a deadly flaw in millions of ignition switches. The accident was one of...
History Shows Economies Are Resilient After Terrorist Attacks
Nov 16 2015 // The French economy has history on its side. From the attacks of September 11 to those on Spain in March 2004 and London in July 2005, industrial economies have proven more resilient to terrorism than first feared,...
Spain’s Insurance Market has Continued to Show Resilience: A.M. Best
Oct 23 2015 // Spain’s insurance market has continued to show resilience, with companies focusing on profitability as the country’s economy showed further signs of recovery, according to a new report from A.M. Best, entitled...
ACE Launches Casualty & Fire Cover for Fashion Firms in Spain & Portugal
Jul 14 2015 // ACE Group has launched ACE Moda TM, a packaged insurance product designed to cover the casualty and fire risks of companies in the fashion retail sector as it continues to develop its proposition for retail and luxury...
Swiss Re Corporate Solutions Opens Madrid Office
Jul 7 2015 // Swiss Re Corporate Solutions announced that it has opened an office in Madrid, Spain, to reinforce its presence in the Iberian Peninsula. It will offer the company’s range of products and customized services via a...
Business Moves
Apr 6 2015 // Brown & Brown, Spain Agency Brown & Brown Inc. announced that its subsidiary Brown & Brown of New York Inc. has acquired certain assets of Spain Agency Inc., an independent agency based in Mahopac, N.Y....
Brown & Brown Acquires Assets of Spain Agency in New York
Mar 23 2015 // Brown & Brown Inc. announced today that its subsidiary Brown & Brown of New York Inc. has acquired certain assets of Spain Agency Inc., an independent agency based in Mahopac, New York. Terms of the transaction...
MAPFRE Net Income Rises 6.9% on Rebound in Spanish Business
Feb 11 2015 // MAPFRE SA, Spain’s biggest insurer, recorded a 6.9 percent rise in net income last year on higher returns in its home market. Net profit grew to 845 million euros ($956 million) from 790.5 million euros a year...
Spain’s Mapfre Seeking to Make Acquisitions in Europe and U.S.
Dec 1 2014 // Mapfre SA, the biggest insurer in Spain, is seeking to expand and may make acquisitions in Europe and the U.S., Chairman Antonio Huertas said. The company isn’t constrained by regulators’ efforts to stiffen...
Best Report: Spain’s Insurance Market Remains Profitable
Oct 14 2014 // As Spain’s economy shows signs of improvement, there are indications that the decline in the country’s non-life insurance market has slowed in 2014, aided by growth in the health insurance sector, according to...
How Insurance Can (or Can’t) Help You – a True Story
Aug 29 2014 // When it comes to personal lines insurance there are really only two attachment points – acquiring the policy and making a claim. The first is fairly simple, although less so if you happen to be a young driver. It’s...
Lloyd’s Tallies Insurable Value of World Cup Teams, Predicts Winner
Jun 13 2014 // Lloyd’s has released research with the Centre for Economics and Business Research (Cebr) that ranks each team in the FIFA World Cup based on the collective insurable value of each country’s players. The total...
Ratings Recap: Penn National, MGA, MAPFRE USA
May 19 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Pennsylvania National Mutual Casualty Insurance Company and its...
EU Court Backs ‘Right to Be Forgotten’ in Ruling Against Google
May 13 2014 // Google Inc. may be ordered to remove personal information from its search engine after the European Union’s top court paved the way for citizens to have a “right to be forgotten.” “Links and...
Ratings Recap: Samsung Europe, Transmonde, MAPFRE PRAICO, Ocaso
Apr 15 2014 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of UK-based Samsung Fire & Marine Insurance Company of Europe, Limited (SFME), both...
MAPFRE Details Future Plans – U.S. Expansion, Increased Operating Revenue
Mar 17 2014 // 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...
Ratings Roundup: Best Meridian, Seguros Catalana Occidente
Feb 14 2014 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Best Meridian Insurance...
MAPFRE Earnings up 18.7% to $1.078 Billion; Revenues at $35.32 Billion
Feb 12 2014 // Spain’s MAPFRE Group announced that its earnings for 2013 rose by 18.7 percent, to €790.5 million [$1.078 billion], while total revenues rose by 2.3 percent to €25.889 billion [$35.32 billion]. The earnings...
Study Forecasts Growth for Professional Indemnity Insurance in Europe
Dec 10 2013 // New research by market research consultancy London-based Finaccord forecasts that the market for professional indemnity insurance across ten European countries – namely, Austria, Belgium, France, Germany, Italy,...
