Latest Spain Headlines

All the headlines from our Spain Topic Page, ordered by recency.

EU Countries Give Guarantees to Credit Insurers to Prevent Coverage Cuts

Apr 1 2020 // European Union states are giving guarantees to credit insurers in a bid to keep coronavirus-hit companies afloat, as some firms cut cover for trade involving bloc members such as Italy and Spain, sources said.Without...

BMS Buys Spanish Specialist Insurance Broker Jurado Mata

Mar 24 2020 // 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...

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

Feb 26 2020 // 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...

BHSI Taps Villalba from Zurich Insurance as Head of Claims in Spain

Nov 4 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has named Javier Villalba to its expanding leadership team in Spain as head of Claims.Villalba comes to BHSI with nearly 20 years of claims experience. He was most...

BHSI Names 3 Product Line Leaders in Spain, Hired from RSA, Chubb and Allianz

Oct 17 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has filled three key leadership positions in Madrid, naming Diego Espinosa as head of Property, Juan Madrid as head of Casualty, and Tomás Blas as head of...

EU-Based Britons Fuel Growth in Healthcare Insurance as Post-Brexit Fears Grow

Oct 17 2019 // Some Britons living in the Europe Union are worried about losing access to free healthcare after Brexit, opening up a potentially lucrative new market for European health insurers.“I am indebted to France for my...

BHSI Opens Office in Spain, Names Almazan from RSA as Country Manager

Sep 24 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has further expanded its global footprint, opening a new office in Madrid, naming Ignacio Almazan as country manager for Spain.BHSI will initially underwrite...

Spain Reports Progress in Battling Canary Island Wildfire

Aug 21 2019 // The wind dropped overnight in the Canary Islands, allowing firefighters to make progress Tuesday against Spain’s biggest wildfire so far this year.Canary Islands President Angel Victor Torres said 16 water-dropping...

Madrid Court Rules Deliveroo Food-Delivery Couriers Are Employees, Not Freelancers

Jul 24 2019 // A Madrid court ruled on Tuesday that couriers for online food delivery group Deliveroo are company employees, not just freelancers, clearing the way for workers to demand a formal contract and corresponding...

Europe Faces Heatwave with London and Paris Expected to Break July Records

Jul 23 2019 // Europe is facing a second heatwave this summer, just weeks after the hottest June on record, intensifying concern over climate change and the rise in extreme weather events.Swathes of northwest Europe will struggle to...

Blast of Hot Air from Sahara Triggers Record Heatwave Across Europe

Jun 28 2019 // Europeans fought to stay cool as a blast of hot air from the Sahara desert sent temperatures to records in large parts of the continent and whipped up concern about climate change.Germany imposed speed restrictions on...

Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture

Jun 25 2019 // Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer’s assets under management in the...

Notre Dame Fire Should Be Wake-Up Call for State of Other European Monuments

Apr 23 2019 // It’s a thin line where the patina of age on Europe’s countless monuments gives way to the onset of neglect. Like with so many loved ones, all is assumed to be fine, until suddenly it’s not.In the wake of...

Liberty Mutual to Acquire AmTrust’s Surety, Credit Reinsurance Business

Apr 15 2019 // Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Terms of the deal were not disclosed.Upon closing, Liberty...

Allianz, Generali & Liberty Mutual Vying to Invest in BBVA Bancassurance Arm: Sources

Feb 28 2019 // European insurers Allianz and Generali are vying with U.S. rival Liberty Mutual to invest in the bancassurance business of Spanish lender BBVA, four sources familiar with the matter told Reuters.The sale, led by Bank of...

Spain Supreme Court Orders $1.7B Compensation for 2002 Prestige Oil Spill

Dec 27 2018 // Spain’s Supreme Court has ruled that the captain and the insurer of the Prestige oil tanker must pay more than 1.5 billion euros ($1.7 billion) in compensation for Spain’s biggest environmental disaster, when...

EU, UK Agree Draft Text for Post-Brexit Ties Although Some Wrangles Remain

Nov 22 2018 // Britain and the European Union have agreed a draft text setting out a close post-Brexit relationship, though wrangling with Spain over control of Gibraltar must still be settled before EU leaders meet on Sunday in order to...

JLT Re Acquires JLT March Re in Spain, Launches JLT Re Iberia

Nov 13 2018 // JLT Re, the global reinsurance broker and consultant, announced the launch of JLT Re Iberia, which follows the acquisition of JLT March Re, the fourth largest Spanish insurance broker, from financial group Banca...

Spanish Mayor Offers Gibraltar’s Insurers a Solution for Post-Brexit Access to EU

Apr 19 2018 // A small town mayor from southern Spain is offering Gibraltar-based insurers a way to retain access to the European Union single market after Britain leaves the bloc next year.Juan Franco of La Linea on the southern tip of...

Mastermind Behind ATM Malware Attacks Arrested in Spain

Mar 27 2018 // The mastermind behind malware attacks that programmed ATMs to spit out cash on demand and caused more than 1 billion euros ($1.2 billion) of losses, has been arrested in Spain.The leader of a criminal gang that carried out...