Latest Spain Headlines
All the headlines from our Spain Topic Page, ordered by recency.
Virulent German E.coli Outbreak Death Toll Rises
May 31 2011 // A virulent form of E.coli bacteria blamed on infected cucumbers from Spain has killed 13 people in Germany and sickened 300, health officials said on Sunday while warning people not to eat suspect vegetables. European...
Spain’s MAPFRE, Japan’s Mitsui Sumitomo Reinforce Collaboration Pact
May 26 2011 // MAPFRE, a major non-life insurance group in Spain and Latin America, and MITSUI SUMITOMO INSURANCE (MSI), Japan’s principal non-Life insurance group in Asia, announced that they have “extended their framework...
EQECAT Estimates Spain Quake Insured Losses at Maximum $100 Million
May 13 2011 // Catastrophe modeling firm EQECAT has released a “CatWatch update” on the market loss estimate for the May 11 earthquake near Lorca, Spain, which indicates that, based on the latest information available,...
Earthquakes Hit Southern Spain; At Least 8 Dead
May 12 2011 // Two earthquakes, the first measured at magnitude 4.4, and the second a much stronger tremor measured at magnitude 5.2, struck Southern Spain near the city of Lorca late Wednesday afternoon at 6:47 PM, local time. At least...
Markel International Expands in Spain with Barcelona Office
Mar 4 2011 // Markel International España, the Spanish operation of the specialist insurer Markel International, has opened an office in Barcelona to work alongside its Madrid office, which opened in 2005. Markel’s business in...
Zurich Closes Sale of Unnim in Spain
Mar 2 2011 // Zurich Financial Services Group announced that it has “closed the sale to Unnim of its 50 percent stakes in the life and general insurance bancassurance companies CaixaSabadell Vida, S.A. de Seguros y Reaseguros and...
People
Dec 5 2010 // Frost Insurance in Austin, Texas promoted Sheri Smyth to vice president of personal lines. Smyth, a 23-year insurance industry veteran, manages the personal lines department’s growth and retention efforts, and...
Spain’s Economy Minister Says Country ‘Not Next’ for EU Bailout
Dec 3 2010 // Spain will not be next in line for a rescue package from Europe, but a common economic policy is needed to support a single currency, Spanish Economy Minister Elena Salgado told BBC Radio on Friday. Salgado also said Spain...
France, Germany Say Euro Saved; Investors Remain Skeptical
Nov 29 2010 // Germany and France declared on Monday that Europe had taken decisive action to save the euro by rescuing Ireland and laying the foundations of a permanent debt resolution system, but investors were not convinced. Under...
IMA of Texas Hires 3 Business Development Leaders
Nov 10 2010 // IMA of Texas Inc., a retail insurance broker and risk management firm based in Dallas, has added three new directors of client service. Drew Lambert joined IMA as director of client services and integrated health and...
Ratings Roundup: Infrassure, Africa Re, Ocaso
Aug 19 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Swiss-based Infrassure Ltd. and its affiliate, Infrassure Ltd., Vaduz, which is...
Best Affirms MAPFRE RE’s A+ Ratings; Outlook Negative
Aug 17 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Spain’s MAPFRE RE, Compania de Reaseguros, S.A., but bothratings have negative...
Spain $1 Billion Lawsuit Over Sunk Tanker Dismissed
Aug 5 2010 // A U.S. federal judge dismissed Tuesday Spain’s $1 billion lawsuit against an organization that declared seaworthy a tanker whose 2002 sinking created one of the world’s biggest oil spills. U.S. District Judge...
Cunningham Lindsey Completes Expansion in Germany, Spain, France
Jul 15 2010 // Claims specialists Cunningham Lindsey Group Limited have completed four strategic acquisitions in Europe. President and CEO Philippe Bès reported that the Group is “ahead of our internal plans in the...
Aon to Acquire Construction Insurance Broker FCC Global of Spain
Dec 15 2009 // Aon Risk Services said that it has agreed to acquire FCC Global Insurance Services, the in-house captive brokerage subsidiary of FCC. FCC Global Insurance Services is a subsidiary of Fomento De Construcciones Y Contratas,...
Bermuda Concludes Tax Information Exchange Agreement with Spain
Oct 1 2009 // Bermuda has concluded a comprehensive bilateral tax information exchange agreement (TIEA) with Spain, which provides for a “full exchange of information on criminal and civil tax matters.” The announcement,...
AIR Analyzes France/Spain Storm – ‘Worst in Ten Years’
Jan 27 2009 // Catastrophe risk modeling firm AIR Worldwide has begun analyzing the damages wrought by winter storm Klaus, which, AIR notes, “swept out of the Atlantic and across southern France and northern Spain Saturday, tearing...
Storm Batters SW France, Northern Spain, Causing 15 Deaths
Jan 26 2009 // The most violent cyclonic storm since 1999 roared across southwest France and Northern Spain over the weekend, causing the deaths of 15 people and inflicting heavy damages on infrastructure. Four children aged from nine to...
Ratings II: Zurich (Spain), HDI (Italy), National Grid, Cat Bonds of Ajax, Carillion, Newton
Dec 23 2008 // Standard & Poor’s Ratings Services has raised its counterparty credit and insurer financial strength ratings on non-life insurer Zurich Espana, Compania de Seguros y Reaseguros, S.A.(Zurich España) to...
Europe Strives to Combat Financial Crisis in Unison
Oct 7 2008 // European governments struggled on Monday to shelter banks and bank depositors from a global financial crisis that is eroding confidence, endangering the economy and challenging their ability to respond as one. Germany...
