Spanish market News

Markets/Coverages: BHSI Launches Multiple New Policies in Spain

Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of new property damage, general liability, D&O, professional indemnity and marine cargo insurance policies in Spain. “Launching our proprietary policy wordings in Spain is indicative of our commitment to leading domestic and …

Acrisure Continues Global Expansion With Acquisition of Spain’s Summa Brokerage

Michigan, U.S.-based financial services and insurance brokerage firm Acrisure reports it has acquired a top insurance brokerage in Spain, Summa Insurance Brokerage. Since its founding in 2005, Summa has grown revenues to more than €11.5m ($13m) and expanded its offices …

Insurance Services Provider McLarens Opens Madrid Office

Global insurance services provider McLarens has opened a new office in Madrid, Spain. In addition to expanding its European footprint, and handling losses in Spain for McLarens’ global client base, the office will serve Spanish and global clients with interests …

Spain’s Volcanic Eruption Ends but Emergency Remains With Widespread Damage

MADRID (AP) – Authorities on one of Spain’s Canary Islands declared a volcanic eruption that started in September officially finished Saturday [Dec. 25] following 10 days of no lava flows, seismic activity or significant sulfur dioxide emissions. But the emergency …

Spanish City of Zaragoza Braces for Flooding From Ebro River

MADRID (AP) – Authorities in the Spanish city of Zaragoza braced Tuesday for a critical surge in the level of the Ebro River, after flooding further upstream in recent days was blamed for two deaths. The river’s flow rate climbed …

People Moves: Former Hamilton Execs Glover, White to Mosaic; Alta Signa Hires AIG’s Lange as Snr. U/W; BHSI Names QBE’s Gállegos as Mgr. for Spain

This edition of International People Moves details appointments at Mosaic Insurance with London-based roles, MGA Alta Signa with a role in Germany, and Berkshire Hathaway Specialty Insurance in Spain. A summary of these new hires follows here. Mosaic Hires Executives …

Spanish Bank Bankinter to Spin Off Its P/C Insurance Unit Linea Directa

MADRID – Spanish bank Bankinter said on Tuesday it cleared all regulatory hurdles to spin off its insurance unit Linea Directa and list its shares on the market in late April. Bankinter, which has secured the European Central Bank’s approval …

Berkshire Hathaway Specialty Insurance Promotes Blas to Head of Property, Spain

Berkshire Hathaway Specialty Insurance (BHSI) announced that Tomas Blas has been promoted to head of Property, Spain. Blas, who has 17 years of industry experience, joined BHSI in 2019 as head of Technical Lines in Spain. In his new role, …

BMS Buys Spanish Specialist Insurance Broker Jurado Mata

BMS Group, the independent specialist re/insurance broker, announced its Spanish subsidiary, BMS Iberia, has acquired Jurado Mata, the Granada-based Spanish specialist insurance broker. Financial details of the transaction were not disclosed. Founded in 1990, Jurado Mata has provided a range …

BHSI Expands Team in Spain, Tapping Lovera from Chubb, RSA’s Sanchez

Berkshire Hathaway Specialty Insurance (BHSI) announced two appointments in Spain, naming Alejandro Lovera as head of Executive and Professional Lines and Silvia Sanchez as head of Operations. Lovera has spent nearly 15 years in the commercial insurance industry, most of …