Spain
Mapfre Assistance signs deal for Italian rental firm's fleet
Mapfre Assistance has signed a deal to manage the fleet of Italian car hire firm Car Server.
Mapfre result down 20% owing to Eurozone impairments
Mapfre's attributable result fell 20.1% to €434.2m in the first half of 2012 after provisions and impairments resulting from the Eurozone crisis.
Fitch affirms Generali's 'A-' IFS rating
Fitch has affirmed Assicurazioni Generali SpA's insurer financial strength rating at 'A-' and long-term issuer default rating at 'BBB+' on account of its solid operating performance. The outlook for both ratings is negative.
Half of CEOs responsible for risk management as terrorism tops concerns
The chief executive or chief operating officer has formal responsibility for risk management at 50% of European companies, according to a new survey which found that companies feel underprepared for terrorism and political violence risks.
IMD2 - a level playing field?
Legislative proposals released this month by the European Commission for the Insurance Mediation Directive have met with mixed reviews. Victor Fornasier asks whether they will finally create a level playing field.
Mapfre to create 150 jobs in Mexico in new Mapfre Tower
Mapfre chairman Antonio Huertas unveiled growth plans for Mexico in a visit to the country yesterday.
Mapfre consolidates Italian position with travel tie-up
Mapfre Assistance has signed an agreement with Intermundial company,the third biggest Spanish travel insurance group by market share, to provide a range of policies on the Italian market.
Mandatory commission – an necessary evil?
Rumors of mandatory commission disclosure have plagued the market since the start of the year but as the European Commission confirms brokers fears Francesca Nyman assesses the impact on European brokers.
MDS offers self insurance facilities with launch of PCC
European insurance and reinsurance broking and risk consulting provider, MDS Group has launched of High Dome PCC, a protected cell company (PCC) to provide alternative risk financing services including self insurance facilities, access to reinsurance…
AM Best affirms Mapfre Re ratings amid sovereign turmoil
AM Best Europe has affirmed the financial strength ratings of A (Excellent) and issuer credit rating of 'A' for Mapfre Re, following the recent market volatility surrounding Spain's economic conditions.
Mapfre faces more rating downgrades
Mapfre Global Risks and Mapfre Asistencia have been downgraded as a result of the weakening creditworthiness of the Spanish government, according to Moody's.
S&P drops Groupama's rating to BB
Standard & Poor's Ratings Services has lowered its long-term counterparty credit and financial strength ratings on France-based insurer Groupama SA and its guaranteed subsidiaries to 'BB' from 'BBB-'.
Mapfre signs deal with Ford Italy for insurance on second-hand vehicles
Mapfre Asistencia has signed an agreement with the Ford vehicle brand in Italy to offer road cover and assistance schemes to customers buying used vehicles.
Grupo Catalana Occidente enters motor insurance top five after Groupama swoop
Grupo Catalana Occidente and INOCSA have signed a binding purchase agreement to acquire Groupama Seguros y Reaseguros SAU, Groupama's Spanish subsidiary.
Groupama reaches agreement to sell Spanish arm
Groupama is to sell its Spanish operation to Catalana Occidente in a deal worth €404.5m (£326.3m).
Mapfre to provide assistance services for Dominicana Compañía de Seguros
Mapfre Asistencia's Dominican Republic-based subsidiary will offer an assistance scheme for motor insurance cover to customers of general insurance firm Dominicana Compañía de Seguros.
Former AGERS president Romero passes away
The Federation of European Risk Management Associations has learned with sadness of the death of Eduardo Romero, former member of the FERMA board, president of the Spanish risk management association AGERS from 1999-2003 and former risk manager of Grupo…
Coface expects lower profit margins due to Europe debt crisis
Credit insurer Coface SA has said it may post lower profit margins from underwriting as Europe's debt problems fuel higher claims.
Mapfre to supply motorcyle cover for Peugeot in Italy
Mapfre Asistencia's Italian arm has entered into an agreement with Peugeot Citröen Group to provide roadside assistance and customer services to Peugeot Scooters, the group's specialist motorcycle unit.
Moss exit and senior management shake-up keep Aviva rating under review
Aviva's financial strength rating of A (excellent) has been reviewed and maintained by AM Best Europe while remaining under review with negative implications.
Mapfre Re downgraded amid fears over future of Spanish economy
Mapfre Group’s reinsurance arm’s issuer credit rating has been downgraded by AM Best Europe following an assessment of the consolidated group’s financial strength and ongoing risks in the Eurozone.
Political risks: Economic unrest triggers interest and questions over cover
The UK, France, Germany, Italy, Portugal and Spain have all been re-rated 'medium risk' from 'low risk' by Aon Risk Solutions, as part of a downgrade of 37 countries in the firm's annual Terrorism & Political Violence map.
Grupo Catalana Occidente in exclusive negotiations for Groupama's Spanish arm
Grupo Catalana Occidente and French insurer Groupama have entered exclusive negotiations regarding the acquisition of Groupama’s Spanish operation, Groupama Seguros Sant Cugat.
View from the top: How safe is your bank?
UK financiers are battening down the hatches as they brace themselves for eurozone write-down effects, warns Andrew Holman.