Spanish market News

Everest Insurance Continues Global Expansion, Launching Branch in Spain

Everest Insurance, the insurance division of Everest Re Group Ltd., announced its expansion into the Spanish market following regulatory approval from the relevant authorities to operate in Spain — trading as Everest Insurance (Ireland) DAC, Sucursal en España. The Spain …

Howden Buys Spanish Broker March Risk Solutions, Forms Alliance With Banca March

Howden, the London-based international insurance broker, announced it has acquired 100% of Spanish insurance broker March Risk Solutions (March R.S.) and has signed an alliance with Banca March, March R.S.’s parent company and one of the region’s pre-eminent investment banks. …

BMS Acquires Spanish Specialty Broker Eisenar

BMS, London-based independent specialty insurance and reinsurance broker, announced it has signed a deal to acquire Eisenar, the Spanish specialty insurance broker. The terms of the acquisition were not disclosed. Eisenar was founded in 2001 by Eugenio Sanchez-Belda and is …

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 …