All the headlines from our Spain Topic Page, ordered by recency.
Dec 19 2011 // A.M. Best Co. has placed under review with negative implications the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of MAPFRE PRAICO Group (MPG) and its members,...
Dec 15 2011 // As a result of the continued negative developments regarding the euro zone sovereign debt crisis, A.M. Best Europe – Rating Services Limited has downgraded the financial strength rating (FSR) to ‘A’...
Dec 15 2011 // A.M. Best Europe – Rating Services Limited announced that “as a result of the continued negative developments regarding the euro zone sovereign debt crisis,” it has downgraded the financial strength rating to...
Dec 12 2011 // Standard & Poor’s Ratings announced that it has placed its ratings on the following insurers (and certain related operating subsidiaries and certain holding companies) on CreditWatch with negative...
Sep 23 2011 // U.S. deep-sea explorers must turn over to the Spanish government 17 tons of silver coins and other treasure recovered from a sunken Spanish galleon in 2007, a federal appeals court ruled Wednesday.But Tampa, Florida-based...
Sep 6 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of ‘aa-‘ of Spain’s Ocaso, S.A. Seguros y Reaseguros....
Jul 22 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Spain’s MAPFRE RE, Compania de Reaseguros, S.A....
Jul 18 2011 // Pressure on Europe’s banks to raise more capital increased on Monday after last week’s stress tests revealed their holdings of European sovereign debt, with likely losses on Greek bonds a growing concern.A...
Jul 12 2011 // European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some form of Greek default may be needed to cut Athens’ debts and stop contagion to Italy and...
Jun 22 2011 // The Liberty Mutual Group has named Enrique Huerta CEO of Liberty Seguros Compania, de Seguros y Reaseguros, S.A. (Liberty Seguros Spain), effective July 1, 2011. José María Dot, the current President of Liberty Seguros...
May 31 2011 // A virulent form of E.coli bacteria blamed on infected cucumbers from Spain has killed 13 people in Germany and sickened 300, health officials said on Sunday while warning people not to eat suspect vegetables.European...
May 26 2011 // MAPFRE, a major non-life insurance group in Spain and Latin America, and MITSUI SUMITOMO INSURANCE (MSI), Japan’s principal non-Life insurance group in Asia, announced that they have “extended their framework...
May 13 2011 // Catastrophe modeling firm EQECAT has released a “CatWatch update” on the market loss estimate for the May 11 earthquake near Lorca, Spain, which indicates that, based on the latest information available,...
May 12 2011 // Two earthquakes, the first measured at magnitude 4.4, and the second a much stronger tremor measured at magnitude 5.2, struck Southern Spain near the city of Lorca late Wednesday afternoon at 6:47 PM, local time.At least 8...
Mar 4 2011 // Markel International España, the Spanish operation of the specialist insurer Markel International, has opened an office in Barcelona to work alongside its Madrid office, which opened in 2005. Markel’s business in...
Mar 2 2011 // Zurich Financial Services Group announced that it has “closed the sale to Unnim of its 50 percent stakes in the life and general insurance bancassurance companies CaixaSabadell Vida, S.A. de Seguros y Reaseguros and...
Dec 5 2010 // Frost Insurance in Austin, Texas promoted Sheri Smyth to vice president of personal lines. Smyth, a 23-year insurance industry veteran, manages the personal lines department’s growth and retention efforts, and...
Dec 3 2010 // Spain will not be next in line for a rescue package from Europe, but a common economic policy is needed to support a single currency, Spanish Economy Minister Elena Salgado told BBC Radio on Friday. Salgado also said Spain...
Nov 29 2010 // Germany and France declared on Monday that Europe had taken decisive action to save the euro by rescuing Ireland and laying the foundations of a permanent debt resolution system, but investors were not convinced.Under...
Nov 10 2010 // IMA of Texas Inc., a retail insurance broker and risk management firm based in Dallas, has added three new directors of client service.Drew Lambert joined IMA as director of client services and integrated health and...