Spain
IMDII: Full disclosure
The second Insurance Mediation Directive could fundamentally change the way European brokers conduct their business. But will it be kicked into the long grass? Edmund Tirbutt investigates.
Mutual growth outpaces traditional insurers since the crisis
European mutual insurers have managed to wrestle 10% of the general insurance market from their traditional counterparts since 2007, a new study has shown.
Gender Directive: Continental drift
The ban on gender as an insurance rating factor has made waves in the UK market but how has it impacted mainland Europe? Francesca Nyman investigates.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
D&O: Responding to regulation
A change in the criminal code in Spain has thrown up a host of challenges for the nation's D&O providers, Anne-Louise Fogtmann writes.
Mapfre expects revenues to top €26bn in 2013
Spanish insurer Mapfre plans to pay a record dividend of €0.11 per share after posting revenues of €25,301.2m for the 2012 financial year.
MDS appoints Mora as director of African subsidiary
MDS Group, the Iberian, Latin American and African insurance broker, has appointed Tiago Mora as a director of its fully owned subsidiary MDS Africa.
Spanish construction: Unfinished business
The Spanish construction industry is in the doldrums with many building projects incomplete. How is this impacting the insurance industry? Edmund Tirbutt explains.
Europe View from the Top: Testing times for European real estate
It goes without saying that the financial crisis has had an adverse and enduring effect on the global economy.
Kidnap and Ransom: A growing threat?
Kidnap and ransom risk is not traditionally a threat associated with Europe but recent incidents have bought the issue to the fore. Sam Barrett investigates the problem and the response of the insurance industry.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
CNC conducted ‘incomplete economic analysis’ of cartel insurers
Improper economic analysis by Spain’s competition commission led it to wrongly find eight insurers guilty of price fixing, according to legal experts.
Zurich GI profit falls after Sandy and German 'system error'
Operating profit in Zurich's general insurance business dropped by $150m to $2.1bn year-on-year in 2012 after above average catastrophe and weather-related losses offset gains made through tighter underwriting discipline and expense management.
Spanish demand "very weak" across all lines
A decline in insurance demand is being seen across nearly all business lines in Spain, according to Mapfre’s vice chairman Esteban Tejera.
Spanish court quashes €120m fines for "cartel" insurers
Spain's court of appeal for antitrust cases has quashed the €120m fine imposed by the Spanish Competition Commission on six insurance companies accused of price fixing.
French consumers least likely to go online for insurance purchases
Online comparison sites are the fastest growing distribution channel for motor and household insurance in Europe, according to Finaccord.
France lags European neighbours for aggregator use and online sales
Aggregators are the fastest-growing distribution channel for motor and household insurance in Europe while online purchases have grown rapidly across the continent, according to research from Finaccord.
Former UK GI CEO McMillan to become Aviva Europe boss as Trevor Matthews quits
David McMillan has been appointed CEO of Aviva Europe.
Mapfre reports 2012 revenues up 7.5%
Spanish insurer and reinsurer Mapfre has reported an increase of revenues for the year ended 31 December 2012, attributing the growth to its Brazilian and USA businesses.
Mapfre reports 2012 revenues up 7.5%
Spanish insurer and reinsurer Mapfre has reported an increase of revenues for the year ended 31 December 2012, attributing the growth to its Brazilian and USA businesses.
Airline Iberia extends its insurance agreement with Allianz Global Assistance
Allianz Global Assistance has struck a new deal with Iberia, the Spanish airline, offering travel insurance in the UK. The agreement sees existing work with Iberia in other countries expanding to open up new opportunities within the UK travel market.
Three Mapfre offices become branches
Mapfre Global Risks' representative offices in Germany, France and the United Kingdom are to become fully fledged branches.
Spain's criminal code reforms could impact D&O, broker warns
Reform of Spanish regulations governing the criminal liability of companies could impact the directors and officer’s insurance market, according to Guy Carpenter.
Challenges and opportunities abound in 2013
Against the backdrop of a challenging economic climate and continued uncertainty over both the timescales for implementation of European regulation and varied national approaches to the adoption of it, European insurers face a number of critical…