All the headlines from our Spain Topic Page, ordered by recency.
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...
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...
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...
Aug 15 2008 // Zurich Financial Services Group announced that it has completed the acquisition of a 50 percent stake in Spain’s Caixa d’Estalvis de Sabadell’s (Caixa Sabadell) life and general insurance companies,...
Jul 11 2008 // Zurich Financial Services Group has agreed to acquire a 50 percent stake in the life insurance, pension and general insurance operations of Banco Sabadell S.A., while establishing a long-term strategic distribution...
Jun 20 2008 // Spanish retail bank Santander is considering buying Dresdner Bank in the latest twist of Germany’s bank merger frenzy, according to people with direct knowledge of the matter.The German banking industry is the throes...
Jun 5 2008 // In a joint announcement Spain’s largest insurer, MAPFRE S.A. and The Massachusetts-based Commerce Group, Inc. announced that MAPFRE has completed its acquisition of Commerce. The parties reached agreement on a deal...
Jun 4 2008 // Spain’s largest insurer, Mapfre S.A., said it has completed its acquisition of The Commerce Group Inc., the 20th largest auto insurer in the country.Mapfre paid $36.70 in cash per share of Commerce’s publicly...
Apr 24 2008 // Zurich Financial Services Group announced that it has signed agreements to acquire a 50 percent stake in Spain’s Caixa d’Estalvis de Sabadell’s life and general insurance companies, CaixaSabadell Vida,...
Apr 1 2008 // Zurich Financial Services Group said it has completed the acquisition of 100 percent of Turkish general insurer TEB Sigorta A.S. from TEB Mali Yatirimlar A.S. (See IJ web site –...
Feb 15 2008 // Shareolders of The Commerce Group, Inc. voted at a special meeting this week to approve the Oct. 30, 2007 agreement for the acquisition of the company by Mapfre S.A.The company said 88 percent voted to approve the deal....
Feb 1 2008 // A motorist who struck and killed a 17-year-old cyclist in northern Spain — and then sued the boy’s parents over the damage to his Audi — has dropped the lawsuit, the family said Wednesday.Businessman Tomas...
Nov 18 2007 // The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer Mapfre to its acquisition of the Webster, Mass.-based personal lines writer Commerce Group.Mapfre officials calculate that...
Oct 30 2007 // Spain’s largest insurer, Mapfre S.A., has agreed to buy the Massachusetts-based personal lines insurer The Commerce Group, Inc. for $2.21 billion in cash in a bold move to expand its presence in the U.S....
Jul 5 2007 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit rating on Spain’s insurance holding company Mapfre S.A. to “A+” from “AA-.” S&P also lowered...
Feb 15 2007 // Standard & Poor’s Ratings Services has withdrawn its “AA” long-term counterparty credit and insurer financial strength ratings on Spain’s Mapfre Mutualidad de Seguros y Reaseguros a Prima Fija...
Oct 23 2006 // The Allstate Corporation announced a leadership transition, which will occur over the next 18 months. Edward M. Liddy, currently chairman and chief executive officer, plans to step down as CEO at the end of 2006. Thomas J....
Sep 27 2006 // Chicago-based Aon Corporation announced the appointment of Barbara Spain as senior vice president and relationship manager, and Matt Reese as senior vice president and originator, for Aon Risk Services. Both will drive the...
Jun 1 2006 // Spain’s largest domestic insurance group, Sistema Mapfre, announced a major structural reorganization, which will eventually result in all of the Group’s activities being concentrated in its publicly traded...
Feb 15 2006 // In a recent report- “Insurance Industry Risk Analysis: Spain (Kingdom of)” – Standard & Poor’s predicted further growth in the Spanish economy and indicated that the “current relatively...