Mapfre
DLG storm losses total £130m and push commercial COR to 104%
The December 2015 floods in the UK pushed Direct Line Group's commercial combined operating ratio to 104.5% (2104: 98.8%) but CEO Paul Geddes said the company's results remain in line with competitors.
Europe: March of the European giants
European insurers have huge influence in the UK, so how are their strategies set to unfold?
Helvetia concludes withdrawal from Belgian market
Swiss insurer Helvetia has completed the sale of its subsidiary Nationale Suisse Belgium and the two underwriting agencies owned by the latter to Enstar Group.
UK, Turkey and Malta spur Mapfre growth
Spanish insurer Mapfre has posted a 46% increase in insurance premium revenue across Europe for the first nine months of 2015.
Mapfre and Solera open motor research facility in Beijing
The facility, which officially opens today, is the seventh Solera Technology Centre in the world and the first in China.
Q&A: Ian Massingham: Head in the clouds
Amazon Web Services’ technical evangelist Ian Massingham talks up the benefits of cloud computing to insurers and brokers, helping them to innovate and save money.
Mapfre takes 31% hit on H1 net profit
Spanish insurer Mapfre has reported a 31% drop in post-tax profit for the first six months of 2015 to €315.6m (£223m).
Mapfre unveils insurance for exchange students
Mapfre has signed a travel insurance distribution agreement aimed at European Erasmus students with the Erasmus Student Network, a Europe- wide student exchange programme.
Helvetia completes sale of Belgian travel portfolio
Helvetia has completed the sale of the travel insurance portfolio of its Belgian subsidiary L'Européenne to Mapfre Asistencia.
Nationale Suisse sells Belgian travel portfolio to Mapfre
Swiss insurer Nationale Suisse has agreed to sell the travel insurance portfolio of its Belgian subsidiary L'Européenne to Mapfre Asistencia, a subsidiary of Spanish insurer Mapfre, for an undisclosed fee.
Cedants less likely to transfer business to reinsurers, says AM Best
Europe’s 20 largest cedants are benefitting from lower reinsurance rates and stronger bargaining power according to ratings agency AM Best.
IWDC14: Mapfre direct business 'on the right path' following DLG deal
Mapfre global direct insurance managing director Jose Luis Bernal has credited the acquisition of Direct Line Group’s German and Italian businesses with helping put his firm’s direct proposition “on the right path”.
Mapfre sees year-to-date revenues inch up to €19.8bn
Spanish insurer Mapfre has recorded revenues of €19.8bn in the first nine months of 2014, a 1.6% increase on its 2013 result.
RSA sells Italian operations for £19m
RSA has agreed to sell its Italian branches and insurance books to Itas Mutua for a cash payment of £19m.
DLG to sell international businesses to Spain's Mapfre
Direct Line Insurance Group has agreed to sell its Italian and German businesses to Spanish insurer Mapfre for €550m (£430.5m).
Mapfre reported to have bid €500m for DLG's Italian and German units
Direct Line Group is believed to have been offered €500m (£393.2m) by Spanish insurer Mapfre for its Italian and German operations.
Results season round-up: six monthly interims for 2015
Insurers and brokers report their six monthly interim results for 2015.
Gallagher signs three-year deal with Parkinson's UK
Arthur J Gallagher is growing its offering for the charities sector signing a three-year deal with Parkinson's UK alongside four further partnerships currently under negotiation.
Mapfre plotting UK commercial expansion with RSA hires
Spanish insurer Mapfre is hoping to substantially expand its UK business in commercial lines, Post can reveal, with two new appointments already made from RSA.
Compton leaves KPMG to join Mapfre in China
KPMG's head of insurance consulting for Mainland China Tony Compton is leaving the consultancy to join Spanish insurer Mapfre's Chinese operations.
Admiral extends reinsurance deals to 2016
Admiral has added an additional year to reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re, extending contracts to 2016.
US car comparison site sale will not impact Admiral FY results
Admiral has stated that a further sale of a minority equity stake in its US car insurance comparison website Compare Now will have "no material impact" on its full year results for 2013.
UK General looks to Paymentshield and Mapfre for schemes business hires
UK General has strengthened its scheme business with two appointments.
Mapfre‘s net income rises 4.3% driven by international business
Spanish insurer Mapre posted net income of €683.9m for the first nine months of 2013, a 4.3% increase on the previous year’s total.