All the headlines from our Spain Topic Page, ordered by recency.
Apr 15 2014 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of UK-based Samsung Fire & Marine Insurance Company of Europe, Limited (SFME), both...
Mar 17 2014 // Spanish insurance group MAPFRE’s Chairman and CEO, Antonio Huertas, referred to the strategic objectives for the next three years, as he announced the highlights at its Annual General Meeting. The group forecast...
Feb 14 2014 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Best Meridian Insurance...
Feb 12 2014 // Spain’s MAPFRE Group announced that its earnings for 2013 rose by 18.7 percent, to €790.5 million [$1.078 billion], while total revenues rose by 2.3 percent to €25.889 billion [$35.32 billion].The earnings report...
Dec 10 2013 // New research by market research consultancy London-based Finaccord forecasts that the market for professional indemnity insurance across ten European countries – namely, Austria, Belgium, France, Germany, Italy,...
Dec 1 2013 // With an estimated 140 million Americans predicted to shop this weekend, retailers are bolstering security, deploying Segway patrols and putting on live music to distract shoppers and avoid the deal-hunting scrums that can...
Aug 2 2013 // Australian insurance group QBE said on Thursday it had set aside €2.75 million [$3.64 million) for the immediate needs of those affected by last week’s train crash in Galicia in northwest Spain, which left 79...
Jul 29 2013 // Germany’s Allianz and Australian group QBE bear the bulk of the insurance liability from this week’s fatal train crash in northwest Spain, according to sources at the companies.While Allianz’s Spanish...
Jul 26 2013 // The driver of a Spanish train that derailed, killing at least 80 people, was under police guard in hospital on Thursday after the dramatic accident which an official source said was caused by excessive speed.The...
Jul 25 2013 // A train derailed outside the ancient northwestern Spanish city of Santiago de Compostela on Wednesday evening, killing at least 77 people and injuring up to 131 in one of Europe’s worst rail disasters.Bodies covered...
Jun 3 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of the members of MAPFRE USA GROUP. The lead company in MAPFRE USA is The...
May 6 2013 // Spain’s MAPFRE announced that it had total revenues of €6.942 billion [$9.1 billion], a 1.6 percent increase, and attributable results of €264.3 million [$346.5 million], down by 2.6 percent, in the first quarter...
Mar 5 2013 // Spain’s Bankinter has joined forces with U.S. investment fund Apollo Global Management to bid for Italian insurer Generali’s Swiss private bank BSI in a deal worth up to €2 billion ($2.6 billion), three...
Jan 15 2013 // A survey conducted by GfK on behalf of Zurich Insurance Group analyzed how the people in seven different European countries are dealing with their insurance needs in the light of the ongoing economic crisis. Insurance...
Dec 21 2012 // A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb+” of Echelon General Insurance Company, as well as the ICR of “bb+” of...
Nov 30 2012 // Euler Hermes and MAPFRE jointly announced the launch of “Solunion”- the brand name of their new credit insurance joint venture in Spain and four Latin American countries. Each partner owns 50 percent of the...
Nov 7 2012 // Spain’s Mapfre said it concluded a €1 billion [$1.284 billion] debt issuance of senior notes with a fixed coupon of 5.125 percent, issued at par, which the company said, was 3.7 times oversubscribed, despite a...
Nov 7 2012 // Pressure at work and school, the financial crisis and concerns about their families are keeping Europeans awake at night, according to a survey conducted by Zurich Insurance Group in eight European countries.Getting sick...
Nov 5 2012 // Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called fiscal cliff is the biggest short-term threat to global growth.Unless...
Oct 19 2012 // Four people went on trial this week for their role in the sinking of an oil tanker in Spain’s northwestern coast in 2002, triggering one of Europe’s biggest environmental catastrophes.The defendants include the...