Spain
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Mapfre reports 44.8% growth in Brazil in Q3 2012 results
Mapfre has reported revenues of €19.4bn for the first nine months of 2012, a 10.5% rise compared with the same period last year.
Ferma working party sets out timetable for European risk management certificate
The Federation of European Risk Management Associations intends to announce a definite plan for the European certification of risk managers at the Ferma Risk Management Forum in September 2013.
Mapfre off S&P 'Credit Watch' but Spanish economy continues to cause fears
Standard & Poor's cited uncertainty over the future of the Spanish economy as the reason behind its decision to affirm a ‘BBB+’ long-term rating on the core operating entities of Mapfre.
European financial services firms struggling to create paperless offices
A new study ahead of World Paper Free Day on 25 October suggests that the paperless office remains beyond the reach of many European firms.
Willis Q3 results hit by disposal of Indian operation and JV settlement
Willis has revealed that its third-quarter net income was hit by an $11m charge related to a settlement with a former joint venture partner in India and the related $1m loss on disposal of the India operations.
Mapfre Assistance opens in Ireland creating 70 positions
Mapfre Assistance has opened a new assistance centre in Galway.
BrokersLink urges insurers to commit to junior staff development
The nurturing of young talent is being overlooked by insurers, potentially costing them a competitive advantage, according to speakers at BrokersLink's Madrid conference.
Mapfre eyes Middle East expansion with Turkish acquisition
Mapfre Genel Sigorta, the Spanish insurer's Turkish subsidiary, has acquired 51% of Genel Servis, a motor services firm.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
HDI Gerling CEO to head AGCS' Mediterranean unit
Patrick Thiels, chief executive of HDI Gerling in Belgium and Luxembourg, will join Allianz Global Corporate & Specialty from 1 April to lead the insurer's new Mediterranean division.
ING makes board appointments for Insurance/IM EurAsia
ING has added Delfin Rueda and Dorothee van Vredenburch to the management board of Insurance EurAsia.
AM Best delivers verdict on 'under pressure' Spanish non-life sector
Spanish insurers could face deteriorating technical results as they compete on price, despite the sector chalking up a profitable 2011.
Results deteriorating for Spanish insurers as crisis continues
The Spanish non-life insurance sector remained profitable in 2011, but growth remains challenging amid one of the bleakest economic environments since the 1930s, according to AM Best.
XL adds seven new hires to continental casualty team
XL has added seven underwriters to its casualty team to meet the growing demand for liability solutions throughout Europe.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Lemma faces liquidation after deterioration in finances
The Gibraltar Financial Services Commission has confirmed that Lemma Insurance Company has gone into liquidation.
European floods: keeping the funds flowing
Floods are an on-going threat for Europe, yet the approach to insuring and recovering from them is wide and varied. Francesca Nyman investigates how Europe is tackling the issue and what the future is likely to bring.
Top five European news stories
The top five stories from insuranceinsight.com over the past seven days.
WR Berkley España appoints new president
WR Berkley Corporation has promoted Alejandro Jiménez to executive chairman of WR Berkley Insurance (Europe) Limited Sucursal En España.
Mapfre and Euler Hermes receive green light for JV
Spanish insurer Mapfre and French insurer Euler Hermes have been cleared by the European Commission to proceed with their planned credit insurance joint venture.
MDS and Towers Watson JV to serve Portuguese clients
Professional services firm Towers Watson and Broker MDS have joined forces to establish a benefits brokerage consulting service in Portugal.
Mapfre and Genworth join forces to sell products in Latin America
Spanish insurer Mapfre is to distribute Genworth lifestyle protection insurance products in Latin America.
New member joins Ferma board
Isabel Martinez, a member of the Spanish risk management association AGERS, has joined the board of the Federation of European Risk Management Associations.