Reinsurance News
Spain
Gallagher names Ana Matarranz as CEO for Spain
11th May 2026
Gallagher, an insurance brokerage, risk management and consulting firm, has announced the appointment of Ana Matarranz as Chief Executive Officer (CEO) for Spain. In her new role, Matarranz will lead Gallagher’s growth strategy in Spain, combining organic revenue development with the integration of specialist teams and capabilities, further strengthening the company’s ... Read the full article
Severe weather in Andalusia tests Spain’s agricultural insurance framework: Morningstar DBRS
12th February 2026
Morningstar DBRS, the credit ratings agency, has stated that severe and persistent weather events in southern Spain are adding pressure to the country’s agricultural insurance framework, while leaving private insurers largely insulated from material losses. In its latest commentary, Morningstar DBRS highlighted that Andalusia, which it rates A (high) with a ... Read the full article
S&P revises MAPFRE’s outlook to positive, citing strong capital and earnings
22nd July 2025
S&P Global Ratings, a credit rating agency, has revised its outlook on the Spanish insurance group Mapfre to positive from stable, reflecting growing confidence in the group’s financial strength and earnings trajectory. The change in outlook follows S&P’s assessment that Mapfre’s capital adequacy is expected to remain strong and may consistently ... Read the full article
AM Best affirms stable outlook for Spain’s non-life insurance segment
27th May 2025
AM Best has affirmed its Stable outlook for Spain’s non-life insurance segment, citing a number of positive trends that are expected to help improve the sector's performance. These include the increasing prominence in health and catastrophic risks, which AM Best argues is reshaping the competitive landscape; the ongoing motor insurance pricing ... Read the full article
MAPFRE introduces ethical guidelines for AI development
12th May 2025
MAPFRE, a Spanish insurer and insurance group in Latin America, has become the first IBEX 35-listed company to introduce a formal set of principles for the responsible development and use of artificial intelligence (AI). The company has launched its Manifesto for a Humanistic, Ethical, and Responsible AI, outlining its commitment to ... Read the full article
Spain floods highlight role of state-backed reinsurance for climate risks
25th November 2024
A recent report from Fitch Ratings has highlighted the vital role of the state-managed catastrophe insurer, Consorcio de Compensación de Seguros (CCS), in strengthening the Spanish insurance market's resilience to climate risks, as demonstrated by the recent floods that struck the country. For those unaware, the flash floods claimed over 220 ... Read the full article
DWF strengthens insurance claims management & adjusting team with senior hires
5th July 2024
DWF, a provider of combined legal and business services, has enhanced its global Claims Management & Adjusting (CMA) division by appointing Darren Goldman as Head of North America and Antonio Herrera Sancho as Claims Director in Spain. Goldman said: "I am excited to lead the talented CMA team as the regional ... Read the full article
Cyber insurance growth to shift to non-US markets by 2030: Howden
1st July 2024
Howden, the insurance intermediary group, has released its fourth annual cyber report, "Risk, Resilience and Relevance," noting market stabilisation last year due to improved cyber hygiene following a surge in ransomware claims in 2020 and 2021. According to the report, carriers and brokers have made notable strides in enhancing price stability, ... Read the full article
Bloomberg reports UK insurance market upheaval with Allianz and AXA rate increases
27th June 2024
The insurance market in the UK is experiencing significant upheaval as Allianz and AXA, two global insurers, implement substantial rate hikes, according to a recent report by Bloomberg Intelligence (BI), a provider of financial analysis and research. Compared to other European markets, the price increases for personal lines in the UK ... Read the full article
Drought in Spain spurs largest-ever claim for agricultural insurance: Aon
26th May 2023
The drought in Spain would be the largest claim ever paid by the Spanish agricultural insurance, according to professional services firm Aon. Agroseguro, the leading agricultural insurance provider in Spain, is bracing for an unprecedented payout of over €300 million ($325 million) in compensations due to the widespread damage inflicted by ... Read the full article
Generali Spain & Santias announce strategic healthcare partnership
12th October 2022
Generali Spain and Sanitas have signed a strategic agreement to provide to the more than 150,000 customers insured under Generali Spain’s health policies, as well as new customers, access to an extended health insurance offer. The agreement will come into effect on January 1, 2023 and will last for ten years. Through ... Read the full article
Berkshire (BHSI) launches multiple new policies in Spain
22nd September 2022
Berkshire Hathaway Specialty Insurance (BHSI) has announced the introduction of new Property Damage, General Liability, D&O, Professional Indemnity and Marine Cargo Insurance policies in Spain. Eduardo Guinea, Head of Customer and Broker Engagement for BHSI Spain, said, "Launching our proprietary policy wordings in Spain is indicative of our commitment to leading ... Read the full article
Helvetia grows stake in Spanish insurer Caser
29th June 2022
Swiss insurance group Helvetia has acquired a further 10% of the share capital of Caser for an undisclosed price, meaning it now owns 80% of the Spanish insurer. At the same time, Caser has sold its stake in the life insurance company Sa Nostra Vida to Caixabank for $277.3 Million. With these ... Read the full article
SRC EU announces launch of operations in Spain
13th May 2022
Insurance and reinsurance brokerage, SRC Europe (SRC EU) has announced the launch of its operations in Spain. This follows shortly after the company announced its registration in the “Special Administrative Registry of Insurance Brokers” as a reinsurance broker with Code RJ-0104, and soon as an insurance broker. With the launch, the broker ... Read the full article
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